SEC Form 4 · accession 0001209191-19-013822
Synacor, Inc. · SYNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Heasley
Officer — Chief Financial Officer
Period of report
Feb 24, 2019
Accepted (ET)
Feb 26, 2019 · 7:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001408278
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to purchase)F1 | $1.76 | Feb 24, 2019 | A | 25,000 | A | — | Feb 23, 2029 | Common Stock | 25,000 | 25,000 | D |
| Employee Restricted Stock UnitsF2,F3 | — | Feb 24, 2019 | A | 30,000 | A | — | — | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1100% of the option is exercisable on the date of grant. Shares purchased upon exercise of the option are subject to repurchase by the Issuer until vested. 25% of the shares subject to the option vest on May 22, 2019 and an additional 1/48th of the shares subject to the option will vest each month thereafter, subject to the Reporting Person's continuous service through such dates.
- F2Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
- F3The restricted stock units vest in six equal semi-annual installments beginning August 24, 2019, subject to the Reporting Person's continuous service through each such vesting date. Vested stock units will be settled on the first Permissible Trading Day (as defined in the Reporting Person's stock unit agreement) that occurs on or after the day when such stock units vest.