SEC Form 4 · accession 0001209191-16-155073
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kessel D Stelling
Officer — Chairman, CEO, & President · Director
Period of report
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 11:50 am 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 12, 2016 | A | 1,078 | $41.42 | A | 256,211 | D | |
| Common StockF2 | Dec 12, 2016 | F | 3,004 | $41.42 | D | 253,207 | D | |
| Common Stock | holding | — | — | — | 49,966 | I | By 2015 GRAT | |
| Common Stock | holding | — | — | — | 1,573 | I | By Trust | |
| Fixed/Floating Rate Non-Cum Perpetual Preferred Stock Ser C | holding | — | — | — | 2,000 | 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 12, 2016, pursuant to the terms of the service-based vesting component of the MRSUs, the third tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 1034 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 44 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.