SEC Form 4 · accession 0001209191-16-095234
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Prescott
Officer — EVP and CFO
Period of report
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 1:58 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 | Feb 1, 2016 | A | 810 | $30.53 | A | 69,604 | D | |
| Common StockF2 | Feb 1, 2016 | F | 1,678 | $30.53 | D | 67,926 | 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 February 1, 2016, 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 695 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 115 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.