SEC Form 4 · accession 0001601712-18-000094
Synchrony Financial · SYF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Doubles
Officer — See remarks
Period of report
Feb 15, 2018
Accepted (ET)
Feb 16, 2018 · 7:54 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,F2 | Feb 15, 2018 | S | 6,569 | $36.70 | D | 193,612 | D | |
| Common StockF1 | Feb 15, 2018 | M | 5,805 | $24.55 | A | 199,417 | D | |
| Common StockF1,F2 | Feb 15, 2018 | M | 5,805 | $36.70 | D | 193,612 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent UnitF3 | — | Feb 15, 2018 | A | 807 | A | — | — | Common Stock | 807 | 5,576 | D |
| Employee Stock Option (right to buy)F1,F4 | $24.55 | Feb 15, 2018 | M | 5,805 | D | — | Sep 17, 2024 | Common Stock | 5,805 | 11,610 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2017.
- F2This price is a weighted average price. Information regarding the number of shares sold at each price will be provided upon request.
- F3Represents 509, 31, 37, 52 and 178 dividend equivalent units accrued on February 15, 2018 as dividends were paid on the common shares underlying restricted stock units originally granted to the reporting person on July 31, 2014, September 17, 2014, April 1, 2015, April 1, 2016 and April 1, 2017, respectively. The dividend equivalent units vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of Synchrony Financial common stock.
- F4The reporting person was awarded 29,024 employee stock options on September 17, 2014, which vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.
Remarks
Executive Vice President and Chief Financial Officer