Sec Form 4 Filing - Baker Frank @ SYNCHRONOSS TECHNOLOGIES INC - 2019-06-06

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Baker Frank
2. Issuer Name and Ticker or Trading Symbol
SYNCHRONOSS TECHNOLOGIES INC [ SNCR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O SIRIS CAPITAL GROUP, LLC, 601 LEXINGTON AVENUE, 59TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/06/2019
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/06/2019 A 15,189 ( 1 ) A $ 0 15,189 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Purchase) $ 6.88 06/06/2019 A 23,827 ( 2 ) ( 2 ) 06/06/2026 Common Stock 23,827 $ 0 23,827 D ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Baker Frank
C/O SIRIS CAPITAL GROUP, LLC
601 LEXINGTON AVENUE, 59TH FLOOR
NEW YORK, NY10022
X
Signatures
/s/ Frank Baker 06/10/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On June 6, 2019, pursuant to the Issuer's 2015 Equity Incentive Plan, the Issuer awarded shares of restricted stock to Frank Baker that vest with respect to one-third of the shares of restricted stock on each of June 6, 2020, March 6, 2021 and March 6, 2022. Pursuant to an assignment agreement between Siris Capital Group LLC, a Delaware limited liability company ("Siris Capital Group"), the Reporting Person and Synchronoss Technologies, Inc., a Delaware corporation (the "Issuer"), dated as of February 15, 2018, the Reporting Person has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.
( 2 )On June 6, 2019, the Issuer awarded a stock option to purchase shares of Common Stock to Frank Baker, which becomes exercisable with respect to one-third of the shares subject to the stock option on each of June 6, 2020, March 6, 2021 and March 6, 2022. Pursuant to an assignment agreement between Siris Capital Group LLC, the Reporting Person and the Issuer, dated as of February 15, 2018, the Reporting Person has assigned to Siris Capital Group all of his right, title and interest in and to any compensation, including equity awards, he receives from the Issuer for his services as a director of the Issuer.

Remarks:
The Reporting Person is a managing partner of Siris Capital Group, an affiliate of which, Silver Private Holdings I, LLC, a Delaware limited liability company ("Silver Holdings"), holds securities of the Issuer. Beneficial ownership of such securities is reported separately by Silver Holdings, Siris Capital Group and certain of their affiliates. The Reporting Person expressly disclaims beneficial ownership of such securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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