ABS VENTURES VI L P 4
4 · SYNCHRONOSS TECHNOLOGIES INC · Filed Jun 23, 2006
Insider Transaction Report
Form 4
ABS VENTURES VI L P
10% Owner
Transactions
- Conversion
Series A Preferred Stock
2006-06-20−3,751,830→ 0 total→ Common Stock (3,751,830 underlying) - Conversion
Common Stock
2006-06-20+3,751,830→ 3,751,830 total - Conversion
Common Stock
2006-06-20+41,274→ 41,274 total(indirect: See Footnote) - Conversion
Series A Preferred Stock
2006-06-20−41,274→ 0 total(indirect: See Footnote)→ Common Stock (41,274 underlying)
Holdings
- 25,000(indirect: See Footnote)
Stock Option (Right to Buy)
Exercise: $8.98Exp: 2016-02-10→ Common Stock (25,000 underlying)
Footnotes (6)
- [F1]Preferred stock automatically converted upon the consummation of the Issuer's initial public offering on a one-for-one basis.
- [F2]Shares held by ABS Ventures VI L.P. through its wholly owned subsidiary ABS Ventures VI L.L.C. Calvert Capital IV L.L.C., the general partner of ABS Ventures VI L.P., and Bruns H. Grayson and R. William Burgess Jr., the Managers of Calvert Capital IV L.L.C., share voting and dispositive power over shares held by ABS Ventures VI L.P. and its subsidiary. Messrs. Grayson and Burgess disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein.
- [F3]Shares held by ABS Investors L.L.C. Mr. Grayson is the Senior Manager of ABS Investors L.L.C. and has voting and dispositive power over all shares held by such entity. Mr. Grayson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F4]Not applicable.
- [F5]The shares underlying the option are subject to a right of repurchase in favor of Issuer. This right of repurchase shall lapse with respect to the first 33% of the shares when the Reporting Person completes 12 moths of continuous service after February 10, 2006. The right of repurchase shall lapse with respect to an additional 1/48th of the shares subject to the option when the Reporting Person completes each month of continuous service thereafter.
- [F6]Option was assigned by Scott Yaphe, a director of the Issuer and member of Calvert Capital IV L.L.C., to Calvert Capital Management Company. Messrs. Grayson and Burgess are officers, directors and shareholders of such entity and share voting and dispositive power over the shares held by such entity. Mr. Yaphe does not have voting or dispositive control over securities held by such entity and Mr. Yaphe disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest therein.