X0202 4 2005-06-21 0 0000895565 SYNAGRO TECHNOLOGIES INC SYGR 0001105021 GTCR GOLDER RAUNER LLC 6100 SEARS TOWER CHICAGO IL 60606-6402 0 0 1 0 0001104997 GTCR FUND VII LP C/O GTCR GOLDER RAUNER LLC SEARS TOWER #6100 CHICAGO IL 60606-6402 0 0 1 0 0001262949 GTCR PARTNERS VII L P 0 0 1 0 0001085449 GTCR CAPITAL PARTNERS L P 0 0 1 0 0001262801 GTCR MEZZANINE PARTNERS LP C/O GTCR GOLDEN RAUNER LLC SEARS TOWER #6100 CHICAGO IL 60606-6402 0 0 1 0 0001262806 GTCR CO INVEST LP C/O GTCR GOLDER RAUNER LLC SEARS TOWER #6100 CHICAGO IL 60606-6402 0 0 1 0 Common Stock 2005-06-21 4 C 0 34723642 A 34723642 I Seefootnote Common Stock 2005-06-21 4 C 0 317897 A 317897 I Seefootnote Common Stock 2005-06-21 4 C 0 2486111 A 2486111 I Seefootnote Common Stock 2005-06-21 4 S 0 22417044 4.085 D 12306598 I Seefootnote Common Stock 2005-06-21 4 S 0 205229 4.085 D 112668 I Seefootnote Common Stock 2005-06-21 4 S 0 1604995 4.085 D 881116 I Seefootnote Series D Convertible Preferred Stock 2.50 2005-06-21 4 C 0 21374.702 1000 D Common Stock 12827959 0 I Seefootnote Series E Convertible Preferred Stock 2.50 2005-06-21 4 C 0 36483.879 1000 D Common Stock 21895683 0 I Seefootnote Series D Convertible Preferred Stock 2.50 2005-06-21 4 C 0 529.698 1000 D Common Stock 317897 0 I Seefootnote Series D Convertible Preferred Stock 2.50 2005-06-21 4 C 0 3129.201 1000 D Common Stock 1877980 0 I Seefootnote Series E convertible Preferred Stock 2.50 2005-06-21 4 C 0 1013.304 1000 D Common Stock 608131 0 I Seefootnote Each share of Series D Convertible Preferred Stock and each share of Series E Convertible Preferred Stock (collectively, the "Convertible Preferred Stock") is convertible into the number of shares of Common Stock obtained by dividing (1) the sum of (a) $1,000 and (b) accrued and unpaid dividends by (2) $2.50 (the "Conversion Price"). The Conversion Price is subject to adjustment pursuant to the terms of the Convertible Preferred Stock. Pursuant to the terms of the Convertible Preferred Stock, the Issuer shall redeem outstanding shares on January 26, 2010. By GTCR Fund VII, L.P. ("GTCR Fund VII"). By GTCR Co-Invest L.P. ("GTCR Co-Invest"). By GTCR Capital Partners, L.P. ("GTCR Capital"). GTCR Fund VII, GTCR Co-Invest and GTCR Capital are direct beneficial owners of the shares of the Issuer's Common Stock upon conversion of the Convertible Preferred Stock set forth above. GTCR Golder Rauner, L.L.C. ("GTCR") is the general partner of GTCR Partners VII, L.P. ("GTCR Partners VII"), which is the general partner of GTCR Fund VII. GTCR is also the general partner of GTCR Co-Invest. In addition, GTCR is the general partner of GTCR Mezzanine Partners, L.P. ("GTCR Mezzanine"), which is the general partner of GTCR Capital. GTCR, GTCR Partners VII and GTCR Mezzanine may be deemed to have an indirect pecuniary interest in the Issuer's Common Stock owned by GTCR Fund VII, GTCR Co-Invest and GTCR Capital to the extent of such Reporting Persons' direct and indirect proportionate general partnership interests in GTCR Fund VII, GTCR Co-Invest and GTCR Capital. Such Reporting Persons disclaim beneficial ownership of shares held by GTCR Fund VII, GTCR Co-Invest and GTCR Capital. Immediately. /S/ David A. Donnini, Principal 2005-06-23