4//SEC Filing
Morrissette Mark 4
Accession 0001181431-12-009506
CIK 0001408278other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 4:22 PM ET
Size
12.8 KB
Accession
0001181431-12-009506
Insider Transaction Report
Form 4
Synacor, Inc.SYNC
Morrissette Mark
Director
Transactions
- Conversion
Common Stock
2012-02-15+1,419,559→ 1,419,559 total(indirect: See footnote) - Award
Director Stock Option (right to purchase)
2011-08-16+50,000→ 50,000 totalExercise: $3.32Exp: 2021-08-15→ Common Stock (50,000 underlying) - Sale
Common Stock
2012-02-15$5.00/sh−120,662$603,310→ 1,298,897 total(indirect: See footnote) - Conversion
Series C Preferred Stock
2012-02-15−1,419,559→ 0 total(indirect: See footnote)From: 2006-10-19→ Common Stock (1,419,559 underlying)
Footnotes (5)
- [F1]The Series C Preferred Stock converted into common stock of the Issuer on a 1.5 for one basis and had no expiration date.
- [F2]591,483 of the shares are held directly by North Atlantic Venture Fund III, A Limited Partnership ("NAVF") and 828,076 of the shares are owned by North Atlantic SBIC IV, L.P. ("NASBIC"). The general partner of NAVF is North Atlantic Investors III, LLC. The general partner of NASBIC is North Atlantic Investors SBIC IV, LLC. The Reporting Person is one of two managers of North Atlantic Investors III, LLC and North Atlantic Investors SBIC IV, LLC, sharing voting and investment power over the shares held of record by NAVF and NASBIC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]All of the shares reported as sold were sold by NAVF. The general partner of NAVF is North Atlantic Investors III, LLC. The Reporting Person is one of two managers of North Atlantic Investors III, LLC, sharing voting and investment power over the shares held of record by NAVF. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F4]470,821 of the shares are held directly by NAVF and 828,076 of the shares are owned directly by NASBIC. The general partner of NAVF is North Atlantic Investors III, LLC. The general partner of NASBIC is North Atlantic Investors SBIC IV, LLC. The Reporting Person is one of two managers of North Atlantic Investors III, LLC and North Atlantic Investors SBIC IV, LLC, sharing voting and investment power over the shares held of record by NAVF and NASBIC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F5]The option was immediately exercisable on the date of grant. Shares purchased upon exercise of the option are subject to repurchase by the Issuer until vested. The shares subject to the option vested on February 15, 2012, upon the lapse of NAVF's and NASBIC's right to nominate a director of the Issuer.
Documents
Issuer
Synacor, Inc.
CIK 0001408278
Entity typeother
Related Parties
1- filerCIK 0001541807
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 4:22 PM ET
- Size
- 12.8 KB