SEC Form 4 · accession 0001601712-18-000132
Synchrony Financial · SYF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Whynott
Officer — See remarks
Period of report
Apr 1, 2018
Accepted (ET)
Apr 3, 2018 · 5:20 pm EDT
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 | Apr 1, 2018 | A | 9,186 | $33.53 | A | 52,609 | D | |
| Common StockF3 | Apr 1, 2018 | F | 1,503 | $33.53 | D | 51,106 | D |
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 buy)F4 | $33.53 | Apr 1, 2018 | A | 17,207 | A | — | Apr 1, 2028 | Common Stock | 17,207 | 17,207 | D |
Explanation of responses
- F1Represents restricted stock units that will vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial (the "Company") common stock.
- F2The total reported in Column 5 bas been adjusted downward by 293 shares to reflect dividend equivalent units that were inadvertently previously reported as restricted stock units.
- F3Reflects the number of shares of Company common stock withheld by the Company to pay the tax liability of the reporting person in connection with the vesting of restricted stock units.
- F4The reporting person was awarded 17,207 employee stock options on April 1, 2018, which vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.
Remarks
Executive Vice President, Chief Risk Officer