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

Reporting relationship: Director
Issuer ticker: SNCR
Reported as of: 14 Jun 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Jun 2021, 18:28:38 UTC
Next SEC filing: 01 Jul 2021
Source filing: View source filing
Reporting owner signature: /s/ Peter Berger

Key filing fact

Peter Berger filed Form 4 for SYNCHRONOSS TECHNOLOGIES INC (SNCR) on 16 Jun 2021.

Key facts

This page summarizes Peter Berger's Form 4 filing for SYNCHRONOSS TECHNOLOGIES INC (SNCR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Jun 2021, 18:28.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SNCR transaction

Common Stock

Award

Transaction value: $0
Shares: +27,746
Change %: +84%
Price: $0.000000
Shares after: 60,614
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SNCR transaction Derivative

Stock Option (Right to Purchase)

Award

Transaction value: $0
Shares: +18,497
Change %
Price: $0.000000
Shares after: 18,497
Date: 14 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 18,497
Exercise price: $2.94
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.

SEC 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.