ALIGN TECHNOLOGY INC — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2019-02-20

Reporting Person: HOGAN JOSEPH M (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-20	Common Stock	M	85150	$0.00	Acquired	204427	Direct
2019-02-20	Common Stock	F	42219	$253.79	Disposed	162208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-20	Restricted Stock Unit	$0.0001	M	7500	Disposed		Common Stock (7500)	Direct
2019-02-20	Restricted Stock Unit	$0.0001	M	6250	Disposed		Common Stock (6250)	Direct
2019-02-20	Restricted Stock Unit	$0.0001	M	2400	Disposed		Common Stock (2400)	Direct
2019-02-20	Restricted Stock Unit	$0.0001	M	69000	Disposed		Common Stock (69000)	Direct
2019-02-20	Restricted Stock Unit	$0.0001	A	13395	Acquired		Common Stock (13395)	Direct
2019-02-20	Market Stock Unit	$0.0001	A	66973	Acquired		Common Stock (66973)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1500	Indirect

Footnotes

F1: Includes 147 shares acquired under the ALGN ESPP on January 31, 2019.

F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: Represents par value of ALGN common stock.

F4: 1/4th of the restricted stock unit granted on February 20, 2016 became vested on February 20, 2019 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each vest date.

F5: 1/4th of the restricted stock unit granted on February 20, 2017 became vested on February 20, 2019 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each vest date.

F6: 1/4th of the restricted stock unit granted on February 20, 2018 became vested on February 20, 2019 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter 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, 2016. Shares were delivered to reporting person on such vest date.

F8: 1/4th of the restricted stock unit granted on February 20, 2019 will become vested on February 20, 2020 and shares will be delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter 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).