SEC Form 4 · accession 0001209191-16-135956
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
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 6:54 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 Stock | Aug 4, 2016 | M | 10,000 | $14.00 | A | 2,204,728 | D | |
| Common Stock | Aug 4, 2016 | M | 10,000 | $14.00 | A | 2,214,728 | D | |
| Common Stock | Aug 4, 2016 | M | 7,500 | $15.89 | A | 2,222,228 | D | |
| Common Stock | Aug 4, 2016 | S | 27,500 | $40.00 | D | 2,194,728 | D | |
| Common StockF1 | holding | — | — | — | 87,000 | I | by Vertek Corporation |
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)F2 | $14.00 | Jan 3, 2007 | M | 10,000 | D | Feb 3, 2008 | Jan 3, 2017 | Common Stock | 10,000 | 0 | D |
| Stock Option (Right to Purchase)F2 | $14.00 | Jan 3, 2007 | M | 10,000 | D | Feb 3, 2008 | Jan 3, 2017 | Common Stock | 10,000 | 0 | D |
| Stock Option (Right to Purchase)F3 | $15.89 | Jan 5, 2010 | M | 7,500 | D | Jan 5, 2011 | Jan 5, 2017 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The 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.
- F2The option shall become exercisable with respect to 1/12th of the shares subject to the option when the Reporting Person completes each month of continuous service after 1/3/2007.
- F3The option shall become exercisable with respect to 1/3 of the shares to the option when the Reporting Person completes each year of continuous service after 1/5/2010.
Remarks
All of the sales reported on this Form were effected pursuant to an approved Rule 10b5-1 trading plan.