SEC Form 4 · accession 0001209191-15-008949
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Dallis Copeland Jr.
Officer — EVP/Chief Banking Officer
Period of report
Jan 31, 2015
Accepted (ET)
Feb 3, 2015 · 5:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000018349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 31, 2015 | A | 116 | $25.77 | A | 49,730 | D | |
| Common StockF2 | Jan 31, 2015 | F | 968 | $25.77 | D | 48,762 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2014, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On January 31, 2015, pursuant to the terms of the service-based vesting component of the MRSUs, the first tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 89 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2014. In addition, the reporting person received 27 shares of the Company's restricted stock through the accrual of dividend equivalents.
- F2These shares were withheld upon the vesting of restricted stock to pay tax withholding obligations.