Fawaz Marwan 4

Accession 0001408278-21-000066

CIK 0001408278other

Filed

Mar 31, 8:00 PM ET

Accepted

Apr 1, 11:15 AM ET

Size

25.8 KB

Accession

0001408278-21-000066

Form 4

Period: 2021-03-31

Director

Transactions

Disposition to Issuer
Common Stock
2021-04-01$2.20/sh−39,312$86,486→ 0 total
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−5,000→ 0 total
Exercise: $11.14→ Common Stock (5,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−30,000→ 0 total
Exercise: $2.96→ Common Stock (30,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−15,000→ 0 total
Exercise: $1.95→ Common Stock (15,000 underlying)
Disposition from Tender
Common Stock
2021-03-31$2.20/sh−145,269$319,592→ 39,312 total
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−50,000→ 0 total
Exercise: $3.32→ Common Stock (50,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−30,000→ 0 total
Exercise: $3.68→ Common Stock (30,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−15,000→ 0 total
Exercise: $2.26→ Common Stock (15,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−15,000→ 0 total
Exercise: $2.39→ Common Stock (15,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−15,000→ 0 total
Exercise: $3.50→ Common Stock (15,000 underlying)
Disposition to Issuer
Director stock option (right to purchase)
2021-04-01−30,000→ 0 total
Exercise: $1.64→ Common Stock (30,000 underlying)

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 39,312 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 with out 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

1 file

Synacor, Inc.

CIK 0001408278

Entity typeother