SEC Form 4 · accession 0001209191-16-101605
SYNCHRONOSS TECHNOLOGIES INC · SNCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Halbard
Officer — EVP, International
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 6:58 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 | 3,874 | $0.00 | A | 50,371 | D | |
| Performance Shares - 2016-2018F2 | Feb 19, 2016 | A | 3,874 | $0.00 | A | 3,874 | 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 Purchase)F3 | $25.81 | Feb 19, 2016 | A | 9,735 | A | Feb 19, 2017 | Feb 19, 2023 | Common Stock | 9,735 | 9,735 | D |
Explanation of responses
- F1Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan.
- 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 the three year period for fiscal years 2016, 2017 and 2018. The shares, if any, will be issued in February 2019.
- F3The option shall become exercisable with respect to the first 25% 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.