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: Pascaud Raphael (CMO & Bus. Dev)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-20	Common Stock	M	19675	$0.00	Acquired	29578	Direct
2017-02-20	Common Stock	F	9250	$101.765	Disposed	20328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-20	Restricted Stock Unit	$0.0001	M	875	Disposed		Common Stock (875)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	1000	Disposed		Common Stock (1000)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	1225	Disposed		Common Stock (1225)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	500	Disposed		Common Stock (500)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	1225	Disposed		Common Stock (1225)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	3000	Disposed		Common Stock (3000)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	3000	Disposed		Common Stock (3000)	Direct
2017-02-20	Market Stock Unit	$0.0001	M	7350	Disposed		Common Stock (7350)	Direct
2017-02-20	Market Stock Unit	$0.0001	M	1500	Disposed		Common Stock (1500)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	A	7600	Acquired		Common Stock (7600)	Direct
2017-02-20	Market Stock Unit	$0.0001	A	15200	Acquired		Common Stock (15200)	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 March 1, 2013 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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 such vest date. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F9: 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.

F10: 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.

F11: 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.

F12: 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).