SEC Form 4 · accession 0001209191-15-003213
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M McCormick
Director · 10% Owner
Period of report
Jan 6, 2015
Accepted (ET)
Jan 8, 2015 · 5:49 pm EST
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 | Jan 6, 2015 | A | 3,335 | $0.00 | A | 2,241,446 | D | |
| Common StockF2 | holding | — | — | — | 870,000 | I | by Vertek Corporation | |
| Common StockF3 | holding | — | — | — | 368,215 | I | BY GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Purchase)F4 | $38.53 | Jan 6, 2015 | A | 7,500 | A | Jan 6, 2016 | Jan 6, 2022 | Common Stock | 7,500 | 7,500 | D |
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2006 Equity Incentive Plan.
- F2The Reporting Person is the Chief Executive Officer and sole stockholder of Vertek Corporation. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in the report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 for any other purpose.
- F3These shares were previously reported as directly beneficially owned but were contributed to a grantor retained annuity trust on May 13, 2010.
- F4The option shall become exercisable with respect to 1/3 of the shares subject to the option when the Reporting Person completes each year of continuous service after 1/6/2015.