SEC Form 4 · accession 0001209191-15-085212
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Barton Singleton
Officer — EVP/Synovus Finan.Mgmt.Svcs.
Period of report
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 1:31 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 | Dec 11, 2015 | A | 399 | $32.08 | A | 59,915 | D | |
| Common StockF2 | Dec 11, 2015 | F | 590 | $32.08 | D | 59,325 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 11, 2013, 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 December 11, 2015, pursuant to the terms of the service-based vesting component of the MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 356 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 December 2013. In addition, the reporting person received 43 shares of the Company's restricted stock through the accrual of dividend equivalents.
- F2These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations.