4//SEC Filing
Heasley Timothy J 4
Accession 0001408278-21-000061
CIK 0001408278other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 11:11 AM ET
Size
11.4 KB
Accession
0001408278-21-000061
Insider Transaction Report
Form 4
Synacor, Inc.SYNC
Heasley Timothy J
Chief Financial Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to purchase)
2021-04-01−175,000→ 0 totalExercise: $2.25→ Common Stock (175,000 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2021-04-01−25,000→ 0 totalExercise: $1.76→ Common Stock (25,000 underlying) - Disposition to Issuer
Common Stock
2021-04-01$2.20/sh−97,056$213,523→ 0 total - Disposition from Tender
Common Stock
2021-03-31$2.20/sh−44,833$98,633→ 97,056 total
Footnotes (5)
- [F1]Represents shares of common stock of Synacor, Inc. (the "Company") that were tendered in the tender offer to SY Merger Sub Corporation for $2.20 per share in cash, less applicable tax witholding, pursuant to the previously announced Agreement and Plan of Merger, dated February 10, 2021, by and among the Company, CLP SY Holding, LLC, and SY Merger Sub Corporation (the "Merger Agreement").
- [F2]Represents 97,056 restricted stock units that were previously reported on Table 1 and were disposed of pursuant to terms of the Merger Agreement for consideration of $2.20 per restricted stock unit.
- [F3]Pursuant to terms of the Merger Agreement, each of these out-of-the-money stock options, whether vested or unvested, were forfeited and cancelled without any consideration.
- [F4]The stock options were originally granted in consideration of the reporting person's services to the Company and without payment consideration.
- [F5]Pursuant to the terms of the Merger Agreement, immediately prior to the effective time of the merger, each outstanding in-the-money stock option, whether vested or unvested, was cancelled and converted into the right to receive $2.20 per stock option in cash less the exercise price of such stock option and applicable tax withholding.
Documents
Issuer
Synacor, Inc.
CIK 0001408278
Entity typeother
Related Parties
1- filerCIK 0001398099
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 11:11 AM ET
- Size
- 11.4 KB