SEC Form 4 · accession 0001209191-16-101432
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curtis J Perry
Officer — EVP& Chief Corp Banking Office
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 4:27 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,F2 | Feb 19, 2016 | A | 149 | $26.35 | A | 68,612 | D | |
| Common StockF3 | Feb 19, 2016 | F | 1,300 | $26.35 | D | 67,312 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 23, 2015, 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 19, 2016, 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 126 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 2015. In addition, the reporting person received 23 shares of the Company's restricted stock through the accrual of dividend equivalents.
- F2Includes 40 shares acquired through dividend reinvestment.
- F3These shares were withheld upon the vesting of restricted stock units to pay tax witholding obligations.