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Filing Details

Accession Number:: 0001181431-12-010093
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-02-17 19:15:17
Reporting Period:: 2012-02-15

Filing Date:: 2012-02-17
Accepted Time:: 2012-02-17 19:15:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1408278	Synacor Inc.	SYNC	Services-Computer Programming, Data Processing, Etc. (7370)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1008463	Bu Lip Tan	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1050191	Pacven Walden Ventures Iv, L.p.	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1134344	Walden Edb Partners Ii Lp	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1290076	Pacven Walden Management Co. Ltd.	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1293768	Andrew Kau	Is C/O Walden International 361 Lytton Avenue, 2Nd Floor Palo Alto CA 94301	Yes	No	No	No
1339187	Pacven Walden Management Ii, L.p.	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1339191	Pacven Walden Ventures Iv Associates Fund, L.p.	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1417249	Wiig Management Co. Ltd.	One California Street, 28Th Floor San Francisco CA 94111	No	No	Yes	No
1417250	Wiig-Tdf Partners Llc	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No
1541595	Walden Management, Llc	One California Street 28Th Floor San Francisco CA 94111	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-02-15	2,884,614	$0.00	2,910,855	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2012-02-15	1,218,750	$0.00	4,129,605	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2012-02-15	473,186	$0.00	4,602,791	No	4	C	Indirect	See footnote
Common Stock	Disposition	2012-02-15	226,371	$5.00	4,376,420	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2012-02-15	2,884,614	$0.00	2,884,614	$0.00
Common Stock	Series B Preferred Stock	Disposition	2012-02-15	1,218,750	$0.00	1,218,750	$0.00
Common Stock	Series C Preferred Stock	Disposition	2012-02-15	473,187	$0.00	473,186	$0.00

Exercise Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2004-11-01	No	4	C	Indirect
2004-10-01	No	4	C	Indirect
2006-10-19	No	4	C	Indirect

Footnotes

The Series A Preferred Stock converted into shares of common stock of the Issuer on a 1.5 for 1 basis and had no expiration date.
44,391 of the shares are directly owned by Pacven Walden Ventures IV Associates Fund, L.P. ("Pacven IV Associates Fund"), 2,381,322 of the shares are directly owned by Pacven Walden Ventures IV, L.P. ("Pacven IV"), 242, 571 of the shares are directly owned by WIIG-TDF Partners LLC ("WIIG-TDF") and 242, 571 of the shares are directly owned by Walden EDB Partners II, L.P. ("EDB II").
Pacven Walden Management Co., Ltd. ("Pacven Walden Management"), the Designated Filer, is (i) the general partner of Pacven Walden Management II, L.P., which is the general partner of Pacven IV Associates Fund and Pacven IV and (ii) the manager of Walden Management, LLC, which is the manager of EDB II. Lip-Bu Tan is the sole director of Pacven Walden Management and shares voting and investment power with respect to the shares held by EDB II with Andrew Kau and shares voting and investment power with respect to the shares held by Pacven IV Associates Fund and Pacven IV with the other members of the Investment Committee of Pacven Walden Management. The members of such Investment Committee are Lip-Bu Tan, Andrew Kau, Hock Voon Loo and Brian Chiang. Each such person disclaims beneficial ownership of the shares except to the extent of his or her pecuniary interest.
The Series B Preferred Stock converted into shares of common stock of the Issuer on a 1.5 for 1 basis and had no expiration date.
66,693 of the shares are directly owned by Pacven IV Associates Fund, 3,577,770 of the shares are directly owned by Pacven IV and 242, 571 of the shares are directly owned by each of WIIG-TDF and EDB II.
The Series C Preferred Stock converted into shares of common stock of the Issuer on a 1.5 for 1 basis and had no expiration date.
71,646 of the shares are directly owned by Pacven IV Associates Fund, 3,843,492 of the shares are directly owned by Pacven IV, 230,641 of the shares are directly owned by WIIG-TDF and 230,641 of the shares are directly owned by EDB II.
43,989 of the shares were owned directly by Pacven IV Associates Fund, 2,359,857 of the shares were owned directly by Pacven IV, 240,384 of the shares were owned directly by WIIG-TDF and 240,384 of the shares are owned directly by EDB II.
8,659 of the shares were owned directly by Pacven IV Associates Fund and 464,527 of the shares were owned directly by Pacven IV.
The manager of WIIG-TDF is WIIG Management Co. Ltd. Lip-Bu Tan is the sole director of WIIG Management Co. Ltd and shares investment and voting power with respect to the shares held by WIIG-TDF with Andrew Kau. Each reporting person disclaims beneficial ownership of the shares except to the extent of its pecuniary interest.
198,805 of the shares sold were directly owned by Pacven IV, 3,706 of the shares sold were directly owned by Pacven IV Associates Fund, 11,930 of the shares sold were directly owned by WIIG-TDF and 11,930 of the shares sold were directly owned by EDB II.
22,302 of the shares were owned directly by Pacven IV Associates Fund and 1,196,448 of the shares are owned directly by Pacven IV.
75,352 of the shares are directly owned by Pacven IV Associates Fund, 4,042,297 of the shares are directly owned by Pacven IV, 242,571 of the shares are directly owned by WIIG-TDF and 242,571 of the shares are directly owned by EDB II.