Marino Garcia Form 3 SYNERGY PHARMACEUTICALS / Marino Garcia ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Garcia Marino

(Last) (First) (Middle)

C/O SYNERGY PHARMACEUTICALS INC.,

420 LEXINGTON AVENUE, SUITE 2012

(Street)

NEW YORK NY 10170

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2016

3. Issuer Name and Ticker or Trading Symbol
SYNERGY PHARMACEUTICALS, INC. [ SGYP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP and Chief Strategy Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	(1)	03/11/2024	Common Stock	350,000	5.97	D
Stock Options	(2)	12/06/2024	Common Stock	105,000	2.98	D
Stock Options	(3)	07/24/2025	Common Stock	75,000	7.91	D

Explanation of Responses:

1. The Stock Options vest in accordance with the following schedule: 125,000 on each of 3/11/2015 and 2016 and 100,000 on 3/11/2017.

2. The Stock Options vest in accordance with the following schedule: 35,000 on each of 12/6/2015, 2016 and 2017.

3. The Stock Options vest in accordance with the following schedule: 25,000 on each of 7/24/2016, 2017 and 2018.

	/s/ Marino Garcia	03/21/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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