SEC Form 4 · accession 0000899243-15-008536
Synchrony Financial · SYF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel O Colao
Director
Period of report
Nov 17, 2015
Accepted (ET)
Nov 19, 2015 · 5:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001601712
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 17, 2015 | P$0 | 2,107 | — | A | 2,107 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 17, 2015, General Electric Company ("GE") announced the completion of its offer to exchange shares of GE common stock for all of the common stock of Synchrony Financial (the "Company") owned by GE (the "Exchange Offer"). Mr. Colao tendered 6,426 shares of GE common stock in the Exchange Offer in exchange for 1.0505 shares of the Company's common stock per share of GE common stock tendered, subject to a preliminary proration factor of 31.22%. The number of shares of the Company's common stock set forth above to be acquired by the reporting person represents an estimate and is subject to change as a result of the final proration factor to be announced by GE. The reporting person undertakes to amend this report as necessary upon the determination of the final proration factor. Effective November 17, 2015, Mr. Colao resigned from the Company's Board of Directors.