SEC Form 4 · accession 0001131554-17-000081
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Garcia
Officer — President and COO
Period of report
Jul 26, 2017
Accepted (ET)
Jul 28, 2017 · 7:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 26, 2017 | M | 39,500 | $0.00 | A | 148,937 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares shall vest upon the earlier of (i) an Involuntary Termination, (ii) the 12 month anniversary of a Change of Control of the Company (unless the acquirer does not assume, continue, convert or replace the shares, in which case the shares shall vest upon a Change of Control) or (iii) 24 months from the grant date provided, in each case, the Reporting Person is continuously employed by the Company through such date, as the case may be. If at any time prior to the 24 month anniversary of the Effective Date, the volume-weighted average of the Company's Common Stock closing price for 20 consecutive trading days (i) exceeds $30, the number of shares that will vest upon the vesting date shall be 125% of the above amount and (ii) exceeds $35, the number of shares that will vest upon the vesting date shall be 150% of the above amount.