SYNCHRONOSS TECHNOLOGIES INC 4
4 · SYNCHRONOSS TECHNOLOGIES INC · Filed Mar 28, 2017
Insider Transaction Report
Form 4
Frederick John Wilbert
Chief Financial Officer
Transactions
- Award
Common Stock
2017-03-24+17,348→ 17,348 total - Award
Common Stock
2017-03-24+36,623→ 53,971 total - Award
Performance Shares
2017-03-24+36,623→ 36,623 total
Footnotes (3)
- [F1]Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-fourth of the shares shall vest when the Reporting Person completes 11 months of continuous service after March 24, 2017. The shares of restricted stock shall vest with respect to an additional 1/48th of the shares of restricted stock when the Reporting Person completes each month of continuous service thereafter.
- [F2]Represents target number of performance shares. The actual number of the shares subject to be issued, which could range from 0 to two times the initial target amount, will depend upon the issuer's Non-GAAP revenue, EBITDA and recurring revenue during 2017. The shares, if any, will be issued on or about February 2018. The Reporting Person will be entitled to sell the shares on or after February 24, 2020 provided the Reporting Person is continuously employed by the Company through February 24, 2020.
- [F3]Shares of restricted stock granted pursuant to the Company's 2015 Equity Incentive Plan. One-third of the shares shall vest on each of February 24, 2018, 2019 and 2020 provided the Reporting Person is continuously employed by the Company.