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ALIGN TECHNOLOGY INC — Director's Dealing 2017
Feb 23, 2017
30658_dirs_2017-02-23_f6b28fb0-ac1f-4b4a-96c8-ae23d6c6c3dd.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: 2017-02-20
Reporting Person: Kolli Sreelakshmi (VP, Info Technology)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-20 | Common Stock | M | 10741 | $0.00 | Acquired | 28300 | Direct |
| 2017-02-20 | Common Stock | F | 4515 | $101.765 | Disposed | 23785 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-20 | Restricted Stock Unit | $0.0001 | M | 2350 | Disposed | Common Stock (2350) | Direct | |
| 2017-02-20 | Restricted Stock Unit | $0.0001 | M | 2070 | Disposed | Common Stock (2070) | Direct | |
| 2017-02-20 | Restricted Stock Unit | $0.0001 | M | 2598 | Disposed | Common Stock (2598) | Direct | |
| 2017-02-20 | Restricted Stock Unit | $0.0001 | M | 1820 | Disposed | Common Stock (1820) | Direct | |
| 2017-02-20 | Restricted Stock Unit | $0.0001 | M | 1903 | Disposed | Common Stock (1903) | Direct | |
| 2017-02-20 | Restricted Stock Unit | $0.0001 | A | 5000 | Acquired | Common Stock (5000) | Direct | |
| 2017-02-20 | Market Stock Unit | $0.0001 | A | 10000 | Acquired | Common Stock (10000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2400 | Indirect |
Footnotes
F1: Includes 453 shares issued on January 31, 2017 under the ALGN ESPP.
F2: Held jointly with spouse.
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: 1/4th 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.
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 February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
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).