SEC Form 4 · accession 0001209191-16-101603
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Prague
Officer — EVP and General Counsel
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 6:57 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 19, 2016 | A | 10,978 | $0.00 | A | 50,379 | D | |
| 2016-2018 Performance SharesF2 | Feb 19, 2016 | A | 10,978 | $0.00 | A | 10,978 | 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)F3 | $25.81 | Feb 19, 2016 | A | 27,582 | A | Feb 19, 2017 | Feb 19, 2023 | Common Stock | 27,582 | 27,582 | D |
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-third of the shares shall vest on each anniversary of the grant date
- F2Represents 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 enterprise business during fiscal years 2016, 2017 and 2018. The shares, if any, will be issued on or about February 2019.
- F3The 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 19, 2016. The option shall become exercisable with respect to an additional 1/48th of the shares subject to the option when the Reporting Person completes each month of continuous service thereafter.