This Amendment No. 11 to Schedule 13D (this Amendment No. 11)
amends and supplements the statement on Schedule 13D jointly filed by (i) Silver Private Holdings I, LLC, a Delaware limited liability company, (ii) Silver Private Investments, LLC, a Delaware limited liability company, (iii) Siris
Partners III, L.P., a Delaware limited partnership, (iv) Siris Partners III Parallel, L.P., a Delaware limited partnership, (v) Siris Partners GP III, L.P., a Delaware limited partnership, (vi) Siris GP HoldCo III, LLC, a Delaware
limited liability company, (vii) Siris Capital Group III, L.P., a Delaware limited partnership, (viii) Siris Capital Group, LLC, a Delaware limited liability company, (ix) Siris Advisor HoldCo III, LLC, a Delaware limited liability
company, and (x) Siris Advisor HoldCo, LLC, a Delaware limited liability company, with the Securities and Exchange Commission on May 5, 2017 (as previously amended and as may be amended from time to time, this Schedule
13D), relating to the common stock, $0.0001 par value per share (the Common Stock), of Synchronoss Technologies, Inc. (the Company). Initially capitalized terms used in this Amendment No. 11
that are not otherwise defined herein shall have the same meanings attributed to them in the Schedule 13D.
Item 4.
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Purpose of Transaction
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Item 4 is hereby amended by the addition of the following immediately prior to the penultimate paragraph thereof:
On June 30, 2021, the Issuer used the proceeds of the Financing Transactions to redeem in full the Series A Preferred Stock and to pay in full the
amounts due to Siris Capital Group pursuant to an Advisory Services Agreement, dated as of May 18, 2020, between the Issuer and Siris Capital Group.
In connection with the completion of the Financing Transactions, at the request of the Issuer, Robert Aquilina, Frank Baker and Peter Berger resigned from the
Issuers Board of Directors.
Item 5.
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Interest in Securities of the Issuer.
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Item 5 is hereby amended and restated in its entirety as follows:
(a)-(b)
The response to Item 4 of this Amendment No. 11
is incorporated herein by reference.
As of the date of this Amendment No. 11, the Reporting Persons, other than Siris Capital Group and Siris Group
GP, beneficially own no shares of Common Stock.
As of the date of this Amendment No. 11, Siris Capital Group and Siris Group GP beneficially own
(i) 32,038 shares of Common Stock received upon the vesting of restricted stock awards assigned by Messrs. Baker and Berger to Siris Capital Group pursuant to assignment agreements between Siris Capital Group, such individual and the Issuer,
each dated as of February 15, 2018 (the Assignment Agreements), and (ii) 99,626 shares of Common Stock underlying exercisable stock options assigned by Messrs. Baker and Berger to Siris Capital Group pursuant to the
Assignment Agreements, which constitute approximately 0.3% of the outstanding shares of Common Stock, based on 44,150,959 shares of Common Stock reported to be outstanding as of May 6, 2021 in the Issuers quarterly report on Form 10-Q filed on May 10, 2021 (the Reported Outstanding Share Number).
(c) On June 30, 2021,
in connection with the Financing Transactions, the Issuer redeemed in full the Series A Preferred Stock.
(d) No person other than the Reporting Persons
is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.
(e) On June 30, 2021, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Common Stock.
Item 6.
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
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Item 6 is hereby amended by the addition of the following:
The response to Item 4 of this Amendment No. 11 is incorporated herein by reference.