ALIGN TECHNOLOGY INC — Director's Dealing 2018

Feb 22, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2018-02-20

Reporting Person: Kolli Sreelakshmi (SVP, Info Technology)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-20	Common Stock	M	7042	$0.00	Acquired	31348	Direct
2018-02-20	Common Stock	F	3168	$255.45	Disposed	28180	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-20	Restricted Stock Unit	$0.0001	M	2070	Disposed		Common Stock (2070)	Direct
2018-02-20	Restricted Stock Unit	$0.0001	M	1820	Disposed		Common Stock (1820)	Direct
2018-02-20	Restricted Stock Unit	$0.0001	M	1902	Disposed		Common Stock (1902)	Direct
2018-02-20	Restricted Stock Unit	$0.0001	M	1250	Disposed		Common Stock (1250)	Direct
2018-02-20	Restricted Stock Unit	$0.0001	A	1600	Acquired		Common Stock (1600)	Direct
2018-02-20	Market Stock Unit	$0.0001	A	7750	Acquired		Common Stock (7750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1400	Indirect

Footnotes

F1: Includes 257 shares acquired under the ALGN ESPP on January 31, 2018.

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, 2014 became vested on February 20, 2018 and shares were delivered to reporting person on such vest date.

F5: 1/4th of the restricted stock unit granted on February 20, 2015 became 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.

F6: 1/4th of the restricted stock unit granted on February 20, 2016 became 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.

F7: 1/4th of the restricted stock unit granted on February 20, 2017 became 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.

F8: 1/4th of the restricted stock unit granted on February 20, 2018 will become vested on February 20, 2019 and shares will be 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 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).