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: PRESCOTT THOMAS M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-20	Common Stock	M	181000	$0.00	Acquired	272253	Direct
2017-02-20	Common Stock	F	54344	$101.765	Disposed	217909	Direct
2017-02-21	Common Stock	S	22500	$101.82	Disposed	195409	Direct
2017-02-22	Common Stock	S	44028	$100.76	Disposed	151381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-20	Restricted Stock Unit	$0.0001	M	13750	Disposed		Common Stock (13750)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	10000	Disposed		Common Stock (10000)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	10000	Disposed		Common Stock (10000)	Direct
2017-02-20	Restricted Stock Unit	$0.0001	M	12250	Disposed		Common Stock (12250)	Direct
2017-02-20	Market Stock Unit	$0.0001	M	45000	Disposed		Common Stock (45000)	Direct
2017-02-20	Market Stock Unit	$0.0001	M	90000	Disposed		Common Stock (90000)	Direct

Footnotes

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.58 to $102.05, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.26 to $101.15, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Represents par value of ALGN common stock.

F4: 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.

F5: 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.

F6: 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.

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: 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: 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.