Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Chamoun George
  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)
Executive Vice President
(Last)
(First)
(Middle)
C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2012
(Street)

SAN FRANCISCO, CA 14202
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 08/31/2011   M   150,000 A $ 0.04 194,388 D  
Common Stock 09/22/2011   M   137,163 A $ 0.04 331,551 D  
Common Stock 12/14/2011   G   3,512.5 D $ 0 328,038.5 D  
Common Stock 12/14/2011   G   3,512.5 D $ 0 324,526 D  
Common Stock 12/14/2011   G   3,512.5 D $ 0 321,013.5 D  
Common Stock 12/14/2011   G   3,512.5 D $ 0 317,501 D  
Common Stock 02/15/2012   S   30,000 D $ 0.05 287,501 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to purchase) $ 3.32 08/16/2011   A   100,000     (1) 08/15/2021 Common Stock 100,000 $ 0 100,000 D  
Employee Stock Option (right to purchase) $ 0.04 08/31/2011   M     150,000   (2) 03/12/2013 Common Stock 150,000 $ 0 137,163 D  
Employee Stock Option (right to purchase) $ 0.04 09/22/2011   M     137,163   (2) 03/12/2013 Common Stock 137,163 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chamoun George
C/O SYNACOR, INC.
40 LA RIVIERE DRIVE, SUITE 300
SAN FRANCISCO, CA 14202
      Executive Vice President  

Signatures

 /s/ William J. Stuart, POA   02/16/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) The option was exercisable for 30,120 shares immediately upon the date of grant and became exercisable for an additional 30,120 shares on December 31, 2011. The option will become exercisable for an additional 30,120 shares on December 31, 2012 and for the remaining 9,640 shares on December 31, 2013, subject to the Reporting Person's continuous service through such dates. Shares purchased upon exercise of the option are subject to repurchase by the Issuer until vested. 25% of the shares subject to the option vest upon completion of 12 months of continuous service after September 1, 2011 and the remainder vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continued employment through such dates.
(2) The option became exercisable on September 13, 2003, the six-month anniversary of the date of grant. Shares purchased upon exercise of the option were subject to repurchase by the Issuer until vested. The shares subject to the option vested in 48 equal monthly installments starting on December 18, 2002, subject to the Reporting Person's continuous employment through such dates.
 
Remarks:
Date of Earliest Transaction:  The transaction giving rise to this Form 4 filing occurred on February 15, 2012.  In accordance with Rule 16a-2, transactions which took place within 6 months prior to that date are also reported on this form.

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