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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Davi Steven M
2. Issuer Name and Ticker or Trading Symbol

Synacor, Inc. [ SYNC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP Technology
(Last)          (First)          (Middle)

C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300
3. Date of Earliest Transaction (MM/DD/YYYY)

3/31/2021
(Street)

BUFFALO, NY 14202
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 3/31/2021  U(1)  48642 D$2.20 77980 D  
Common Stock 4/1/2021  D(2)  77980 D$2.20 0 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to purchase) $2.38 4/1/2021  D     100000   (3) (3)Common Stock 100000.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $2.13 4/1/2021  D     57600   (5) (5)Common Stock 57600.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $1.37 4/1/2021  D     25000   (5) (5)Common Stock 25000.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $1.62 4/1/2021  D     5300   (5) (5)Common Stock 5300.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $3.15 4/1/2021  D     5400   (3) (3)Common Stock 5400.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $2.0 4/1/2021  D     4900   (5) (5)Common Stock 4900.0 $0 (4)0 D  
Employee Stock Option (right to purchase) $1.75 4/1/2021  D     35000   (5) (5)Common Stock 35000.0 $0 (4)0 D  

Explanation of Responses:
(1) 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").
(2) Represents 77,980 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.
(3) Pursuant to 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.
(4) The stock options were originally granted in consideration of the reporting person's services to the Company and without payment consideration.
(5) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Davi Steven M
C/O SYNACOR, INC.
40 LA RIVIERE DRIVE, SUITE 300
BUFFALO, NY 14202


EVP Technology

Signatures
/s/ Timothy J. Heasley, attorney-in-fact4/1/2021
**Signature of Reporting PersonDate

Synacor (NASDAQ:SYNC)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Synacor Charts.
Synacor (NASDAQ:SYNC)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Synacor Charts.