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ALIGN TECHNOLOGY INC Director's Dealing 2010

Feb 24, 2010

30658_dirs_2010-02-24_c113a9a5-97de-4d57-a457-baeb00815b3e.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: Tan Sheila K (VP,Mktg & Chief Mktg Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-20 Common Stock C 5000 Acquired 8751 Direct
2010-02-20 Common Stock F 1834 $17.94 Disposed 6817 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 33000 Acquired 2020-02-19 Common Stock (33000) Direct
2010-02-19 Restricted Stock Unit $0.0001 A 11000 Acquired Common Stock (11000) Direct
2010-02-20 Restricted Stock Unit $0.0001 C 5000 Disposed Common Stock (5000) Direct

Footnotes

F1: Includes 2,168 shares acquired under the ALGN ESPP on January 29, 2010.

F2: 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.

F3: Represents par value of ALGN common stock

F4: 1/14th of the restricted stock unit will vest one 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.

F5: 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 unit will continue to vest annually and shares will be delivered to reporting person on each vest date.