ALIGN TECHNOLOGY INC — Director's Dealing 2017

Feb 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2017-02-20

Reporting Person: Wright Emory (VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-20	Common Stock	M	55887	$0.00	Acquired	119264	Direct
2017-02-20	Common Stock	F	28395	$101.765	Disposed	90869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-20	Restricted Stock Unit	$0.0001	M	7500	Disposed		Common Stock (7500)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	3937	Disposed		Common Stock (3937)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	4050	Disposed		Common Stock (4050)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	2125	Disposed		Common Stock (2125)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	2500	Disposed		Common Stock (2500)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	23625	Disposed		Common Stock (23625)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	12150	Disposed		Common Stock (12150)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	A	7000	Acquired		Common Stock (7000)	Direct
2017-02-20	Market Stock Unit	$0.0001	A	14000	Acquired		Common Stock (14000)	Direct

Footnotes

F1: Represents par value of ALGN common stock.

F2: 1/4th of the restricted stock unit granted on February 20, 2013 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017.

F3: 1/4th of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F4: 1/2 of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017.

F5: 1/4th of the restricted stock unit granted on February 20, 2015 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F6: 1/4th of the restricted stock unit granted on February 20, 2016 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F7: Represents the maximum number of shares issued under the market stock unit granted on February 20, 2014. Shares were delivered to reporting person on February 21, 2017.

F8: Represents the maximum number of shares issued under the market stock unit granted on February 20, 2014. Shares were delivered to reporting person on February 21, 2017.

F9: 1/4th of the restricted stock unit granted on February 20, 2017 will become vested on February 20, 2018 and shares were delivered to reporting person on such vest date. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F10: Represents the maximum number of shares which may be issued under the market stock unit. All of the shares which may be issued under the market stock unit will vest on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).