Peter Berger - Jun 14, 2021 Form 4 Insider Report for SYNCHRONOSS TECHNOLOGIES INC (SNCR)

Role
Director
Signature
/s/ Peter Berger
Stock symbol
SNCR
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2021, 06:28 PM
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNCR Common Stock Award $0 +27.7K +84.42% $0.00 60.6K Jun 14, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNCR Stock Option (Right to Purchase) Award $0 +18.5K $0.00 18.5K Jun 14, 2021 Common Stock 18.5K $2.94 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 14, 2021, pursuant to the 2015 Equity Incentive Plan of Synchronoss Technologies, Inc., a Delaware corporation (the "Issuer"), the Issuer awarded shares of restricted stock to Peter Berger that vest with respect to one-third of the shares of restricted stock on each of June 14, 2022, April 9, 2023 and April 9, 2024. Pursuant to an assignment agreement between Siris Capital Group LLC, a Delaware limited liability company ("Siris Capital Group"), the Reporting Person and the Issuer, dated as of February 15, 2018, the Reporting Person has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.
F2 On June 14, 2021, the Issuer awarded a stock option to purchase shares of Common Stock to Peter Berger, which becomes exercisable with respect to one-third of the shares subject to the stock option on each of June 14, 2022, April 9, 2023 and April 9, 2024. Pursuant to an assignment agreement between Siris Capital Group LLC, the Reporting Person and the Issuer, dated as of February 15, 2018, the Reporting Person has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.

Remarks:

The Reporting Person is a managing partner of Siris Capital Group, an affiliate of which, Silver Private Holdings I, LLC, a Delaware limited liability company ("Silver Holdings"), holds securities of the Issuer. Beneficial ownership of such securities is reported separately by Silver Holdings, Siris Capital Group and certain of their affiliates. The Reporting Person expressly disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.