SEC Form 4 · accession 0001209191-15-063439
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Wayne Akins Jr.
Officer — EVP & Chief Comm Banking Offic
Period of report
Jul 31, 2015
Accepted (ET)
Aug 4, 2015 · 10:39 am EDT
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 | Jul 31, 2015 | A | 158 | $31.54 | A | 32,536 | D | |
| Common StockF2 | Jul 31, 2015 | F | 256 | $31.54 | D | 32,280 | D | |
| Common Stock | holding | — | — | — | 2,500 | I | By Spouse | |
| Common Stock | holding | — | — | — | 305 | I | By Child | |
| Common Stock | holding | — | — | — | 305 | I | By Child |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 6, 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 July 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 152 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 August 2014. In addition, the reporting person received 6 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 witholding obligations.