SEC Form 4 · accession 0001209191-15-016330
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Waldis
Officer — CEO and Chairman · Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 7:42 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 | Feb 17, 2015 | A | 25,901 | $0.00 | A | 637,110 | D | |
| Common StockF2 | Feb 17, 2015 | S | 20,825 | $42.68 | D | 616,285 | D | |
| 2015-2017 Performance SharesF3 | Feb 17, 2015 | A | 25,901 | $0.00 | A | 25,901 | D | |
| 2015-2016 Performance SharesF4 | Feb 17, 2015 | A | 25,901 | $0.00 | A | 25,901 | D | |
| 2015-2017A Performance SharesF5 | Feb 17, 2015 | A | 12,951 | $0.00 | A | 12,951 | D |
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 Buy)F6 | $43.54 | Feb 17, 2015 | A | 70,546 | A | Feb 17, 2016 | Feb 17, 2022 | Common Stock | 70,546 | 70,546 | D |
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2006 Equity Incentive Plan. One-third of the shares shall vest on each anniversary of the grant date
- F2All of the sales reported on this Form were effected pursuant to an approved Rule 10b5-1 trading plan. Represents sale to cover vesting of shares of Restricted Stock.
- F3Represents target number of performance shares. The actual number of shares to be issued, which could range from 0 to two times the initial target amount, will depend upon the issuer's revenue, EBITDA and cloud revenue growth during fiscal years 2015, 2016 and 2017. The shares, if any, will be issued in February 2018.
- F4Represents target number of performance shares. The actual number of shares to be issued, which could range from 0 to two times the initial target amount, will depend upon the issuer's revenue, EBITDA and cloud revenue growth during fiscal years 2015 and 2016. The shares, if any, will be issued in February 2016 with respect to 2015 financial targets and February 2017 with respect to the 2015-2016 financial targets.
- F5Represents target number of performance shares. The actual number of shares to be issued, which could range from 0 to one times the initial target amount based on agreed upon objectives of the Company. The shares, if any, will be issued in February 2018.
- F6The option shall become exercisable with respect to the first 25 percent of the shares subject to the option when the Reporting Person completes 12 months of continuous service after February 17, 2015. The option shall become exercisable with respect to an additional 1/48th of the shares subject to the option when the Reporting Person completed each month of continuous service thereafter.