Lou Ferraro - 05 Aug 2021 Form 3 Insider Report for SYNCHRONOSS TECHNOLOGIES INC (SNCR)

Role
EVP and CFO
Signature
Lou Ferraro
Issuer symbol
SNCR
Transactions as of
05 Aug 2021
Net transactions value
$0
Form type
3
Filing time
12 Aug 2021, 17:31:36 UTC
Next filing
04 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SNCR Common Stock 44,047 05 Aug 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
holding SNCR Stock Option (Right to Buy) 05 Aug 2021 Common Stock 8,283 $6.88 Direct F2
holding SNCR Stock Option (Right to Buy) 05 Aug 2021 Common Stock 20,718 $5.43 Direct F3
holding SNCR Stock Option (Right to Buy) 05 Aug 2021 Common Stock 25,000 $3.74 Direct F4
holding SNCR Stock Option (Right to Buy) 05 Aug 2021 Common Stock 29,730 $2.94 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. 937 shares vest on each of November 1, 2021 and February 1, 2022; 3,520 shares vest on June 6, 2022; 9,910 shares vest on each of June 14, 2022, April 9, 2023 and April 9, 2024.
F2 The option shall become exerciseable with respect to one-third of the shares subject to the option when the Reporting Person completes continuous service on each of June 6, 2020, March 6, 2021 and March 6, 2022.
F3 The option shall become exerciseable with respect to one-third of the shares subject to the option when the Reporting Person completes each year of continuous service on each of February 20, 2020, 2021 and 2022.
F4 The option shall become exerciseable when the Reporting Person completes continuous service on September 11, 2022.
F5 The option shall become exerciseable with respect to one-third of the shares subject to the option, on each of June 14, 2022, April 9, 2023 and April 9, 2024, provided the Reporting Person completes continuous service.