4//SEC Filing
Synchrony Financial 4
Accession 0001601712-16-000101
$SYFCIK 0001601712operating
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 5:12 PM ET
Size
10.4 KB
Accession
0001601712-16-000101
Insider Transaction Report
Form 4
FASOLI DAVID
See Remarks
Transactions
- Tax Payment
Common Stock
2016-04-01$29.33/sh−748$21,939→ 78,583 total - Award
Employee Stock Option (right to buy)
2016-04-01+18,860→ 122,970 totalExercise: $29.33Exp: 2026-04-01→ Common Stock (18,860 underlying) - Award
Common Stock
2016-04-01+10,483→ 79,331 total
Holdings
- 275
Phantom Stock Units
→ Common Stock (275 underlying)
Footnotes (5)
- [F1]Represents restricted stock units that will vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of Synchrony Financial (the "Company") common stock.
- [F2]Reflects the number of shares of Company common stock withheld by the Company to pay the tax liability of the Reporting Person in connection with the vesting of restricted stock units.
- [F3]The option will vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.
- [F4]Each phantom stock unit is the economic equivalent of one share of Company common stock.
- [F5]The reported phantom stock units were acquired under the Synchrony Financial Restoration Plan in transactions exempt from Section 16(a) and (b) under Rule 16b-3(c) of the Securities Exchange Act of 1934, and are to be settled, in cash, upon the Reporting Person's retirement or certain involuntary terminations of employment, subject to the terms set forth in the Restoration Plan.
Documents
Issuer
Synchrony Financial
CIK 0001601712
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0001601712
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 5:12 PM ET
- Size
- 10.4 KB