ALIGN TECHNOLOGY INC — Director's Dealing 2020

Feb 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALIGN TECHNOLOGY INC (ALGN)
CIK: 0001097149
Period of Report: 2020-02-20

Reporting Person: Morici John (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-20	Common Stock	M	16995	$0.00	Acquired	22964	Direct
2020-02-20	Common Stock	F	9157	$272.49	Disposed	13807	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-20	Restricted Stock Unit	$0.0001	M	1750	Disposed		Common Stock (1750)	Direct
2020-02-20	Restricted Stock Unit	$0.0001	M	575	Disposed		Common Stock (575)	Direct
2020-02-20	Restricted Stock Unit	$0.0001	M	670	Disposed		Common Stock (670)	Direct
2020-02-20	Market Stock Unit	$0.0001	M	14000	Disposed		Common Stock (14000)	Direct
2020-02-20	Restricted Stock Unit	$0.0001	A	2415	Acquired		Common Stock (2415)	Direct
2020-02-20	Market Stock Unit	$0.0001	A	12255	Acquired		Common Stock (12255)	Direct

Footnotes

F1: Includes 123 shares acquired under the ALGN ESPP on January 31, 2020.

F2: Represents par value of ALGN common stock.

F3: 1/4th of the restricted stock unit granted on February 20, 2017 became vested on February 20, 2020 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will annually and shares will be delivered to reporting person on each vest date.

F4: 1/4th of the restricted stock unit granted on February 20, 2018 became vested on February 20, 2020 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will annually and shares will be delivered to reporting person on each vest date.

F5: 1/4th of the restricted stock unit granted on February 20, 2019 became vested on February 20, 2020 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.

F6: The market stock unit granted on February 20, 2017 became vested on February 20, 2020 and shares were delivered to reporting person on such vest date.

F7: 1/4th of the restricted stock unit granted on February 20, 2020 will become vested on February 20, 2021 and shares will be delivered to reporting person on such vest date. 1/4th of 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 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).