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ALIGN TECHNOLOGY INC — Director's Dealing 2010
Feb 24, 2010
30658_dirs_2010-02-24_db1e8f9f-3668-4636-8adc-f55c06cc6aea.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2010-02-19
Reporting Person: HEDGE LEN (SVP, Bus. Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-02-20 | Common Stock | C | 10805 | — | Acquired | 10805 | Direct |
| 2010-02-20 | Common Stock | F | 3965 | $17.94 | Disposed | 6840 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-02-19 | Right to Buy (Common Stock) | $17.94 | A | 60000 | Acquired | 2020-02-19 | Common Stock (60000) | Direct |
| 2010-02-19 | Restricted Stock Unit | $0.0001 | A | 20000 | Acquired | Common Stock (20000) | Direct | |
| 2010-02-20 | Restricted Stock Unit | $0.0001 | C | 3533 | Disposed | Common Stock (3533) | Direct | |
| 2010-02-20 | Restricted Stock Unit | $0.0001 | C | 938 | Disposed | Common Stock (938) | Direct | |
| 2010-02-20 | Restricted Stock Unit | $0.0001 | C | 4334 | Disposed | Common Stock (4334) | Direct | |
| 2010-02-20 | Restricted Stock Unit | $0.0001 | C | 2000 | Disposed | Common Stock (2000) | Direct |
Footnotes
F1: 1/4th of the shares subject to the option shall become vested and exercisable one year after the date of grant and 1/48th of the shares subject to the option shall vest each month thereafter.
F2: Represents par value of ALGN Common Stock
F3: 1/4th of the restricted stock unit will become vested one year after the date of grant and 1/4th of the restricted stock unit will vest annually thereafter. Shares will be delivered to reporting person on each vest date.
F4: 1/4th of the restricted stock unit granted on February 20, 2009 became vested on February 20, 2010 and shares were delivered to reporting person on February 22, 2010. The restricted stock will continue to vest annually and shares will be delivered to reporting person on each vest date.
F5: 1/16th of the restricted stock unit granted on February 20, 2007 became vested on February 20, 2010 and shares were delivered to reporting person on February 22, 2010. The restricted stock unit will continue to vest quarterly and shares will be delivered to reporting person on each vest date.
F6: 1/3rd of the restricted stock unit granted on February 20, 2008 became vested on February 20, 2010 and shares were delivered to reporting person on February 22, 2010. The restricted stock unit will vest on February 20, 2011 and shares will be delivered to reporting person on that date.
F7: 1/4th of the restricted stock unit granted on February 20, 2008 became vested on February 20, 2010 and shares were delivered to reporting person on February 22, 2010. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.