0001408278-21-000065.txt : 20210401
0001408278-21-000065.hdr.sgml : 20210401
20210401111433
ACCESSION NUMBER: 0001408278-21-000065
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210331
FILED AS OF DATE: 20210401
DATE AS OF CHANGE: 20210401
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bhise Himesh
CENTRAL INDEX KEY: 0001615729
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33843
FILM NUMBER: 21796720
MAIL ADDRESS:
STREET 1: C/O SYNACOR, INC.
STREET 2: 40 LA RIVIERE DRIVE
CITY: BUFFALO
STATE: NY
ZIP: 14202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Synacor, Inc.
CENTRAL INDEX KEY: 0001408278
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 161542712
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 40 LARIVIERE DRIVE
STREET 2: SUITE 300
CITY: BUFFALO
STATE: NY
ZIP: 14202
BUSINESS PHONE: 716-853-1362
MAIL ADDRESS:
STREET 1: 40 LARIVIERE DRIVE
STREET 2: SUITE 300
CITY: BUFFALO
STATE: NY
ZIP: 14202
4
1
wf-form4_161729003522056.xml
FORM 4
X0306
4
2021-03-31
0
0001408278
Synacor, Inc.
SYNC
0001615729
Bhise Himesh
C/O SYNACOR, INC.
40 LA RIVIERE DRIVE, SUITE 300
BUFFALO
NY
14202
1
1
0
0
Chief Executive Officer
Common Stock
2021-03-31
4
U
0
162051
2.20
D
179209
D
Common Stock
2021-04-01
4
D
0
179209
2.20
D
0
D
Employee Stock Option (right to purchase)
2.38
2021-04-01
4
D
0
2001338
0
D
Common Stock
2001338.0
0
D
Employee Stock Option (right to purchase)
2.13
2021-04-01
4
D
0
10100
0
D
Common Stock
10100.0
0
D
Employee Stock Option (right to purchase)
1.62
2021-04-01
4
D
0
6900
0
D
Common Stock
6900.0
0
D
Employee Stock Option (right to purchase)
3.15
2021-04-01
4
D
0
232100
0
D
Common Stock
232100.0
0
D
Employee Stock Option (right to purchase)
2.0
2021-04-01
4
D
0
6400
0
D
Common Stock
6400.0
0
D
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").
Represents 179,209 restricted stock units that were previously reported on Table I and were disposed of pursuant to the terms of the Merger Agreement for consideration of $2.20 per restricted stock unit.
Pursuant to the 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.
The stock options were originally granted in consideration of the reporting person's services to the Company and without payment of consideration.
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.
/s/ Timothy J. Heasley, attorney-in-fact
2021-04-01