0001209191-14-035402.txt : 20140520
0001209191-14-035402.hdr.sgml : 20140520
20140520122513
ACCESSION NUMBER: 0001209191-14-035402
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140516
FILED AS OF DATE: 20140520
DATE AS OF CHANGE: 20140520
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SYNOVUS FINANCIAL CORP
CENTRAL INDEX KEY: 0000018349
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 581134883
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: STE 500 PO BOX 120
CITY: COLUMBUS
STATE: GA
ZIP: 31901
BUSINESS PHONE: 7066494818
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: STE 500 PO BOX 120
CITY: COLUMBUS
STATE: GA
ZIP: 31901
FORMER COMPANY:
FORMER CONFORMED NAME: CB&T BANCSHARES INC
DATE OF NAME CHANGE: 19890912
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Howard Kevin Joseph
CENTRAL INDEX KEY: 0001483027
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10312
FILM NUMBER: 14857035
MAIL ADDRESS:
STREET 1: 1111 BAY AVENUE
STREET 2: SUITE 500
CITY: COLUMBUS
STATE: GA
ZIP: 31901
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-05-16
0
0000018349
SYNOVUS FINANCIAL CORP
SNV
0001483027
Howard Kevin Joseph
P.O. BOX 120
COLUMBUS
GA
31902
0
1
0
0
EVP and Chief Credit Officer
Salary Stock Unit
0.00
2014-05-16
4
A
0
120
21.84
A
Common Stock
120
848
D
Salary stock units ("SSUs") are restricted stock units issued bi-weekly as a portion of the reporting person's salary compensation, net of withholdings and deductions, and are issued under the Synovus Financial Corp. 2013 Omnibus Plan. An SSU represents the right to receive a cash payment equal to the future value of a share of Synovus common stock. For more information, please see the Current Report on Form 8-K filed by Synovus on January 24, 2014, as amended on February 5, 2014. SSUs are fully vested on the date of grant and will settle in cash on January 15, 2015.
The Company completed a one-for-seven reverse stock split effective May 16, 2014. The amount stated represents the post-split adjusted amount, and fractional shares are not included because all fractional shares will be aggregated into whole shares and sold on the open market at prevailing prices by the Company's transfer agent. In lieu of fractional shares, the reporting person will receive a cash payment equal to his or her allocable share of the totel proceeds of these sales.
The amount stated has also been adjusted to correct a computational error. SSU grants made prior to February 7, 2014 were included in the reporting person's balance in error, as such previous grants settled in cash on or before January 15, 2014, as previously reported.
/s/ Mary Maurice Young
2014-05-20