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ALIGN TECHNOLOGY INC — Director's Dealing 2022
Feb 24, 2022
30658_dirs_2022-02-24_d9b86ac6-22ac-4b42-9cfc-934f79de5380.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: 2022-02-20
Reporting Person: HOGAN JOSEPH M (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-20 | Common Stock | M | 59836 | $0.00 | Acquired | 194976 | Direct |
| 2022-02-20 | Common Stock | F | 26875 | $498.65 | Disposed | 168101 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-20 | Restricted Stock Unit | $0.0001 | M | 2400 | Disposed | Common Stock (2400) | Direct | |
| 2022-02-20 | Market Stock Unit | $0.0001 | M | 49958 | Disposed | Common Stock (49958) | Direct | |
| 2022-02-20 | Restricted Stock Unit | $0.0001 | M | 3349 | Disposed | Common Stock (3349) | Direct | |
| 2022-02-20 | Restricted Stock Unit | $0.0001 | M | 2716 | Disposed | Common Stock (2716) | Direct | |
| 2022-02-20 | Restricted Stock Unit | $0.0001 | M | 1413 | Disposed | Common Stock (1413) | Direct | |
| 2022-02-20 | Restricted Stock Unit | $0.0001 | A | 7460 | Acquired | Common Stock (7460) | Direct | |
| 2022-02-20 | Market Stock Unit | $0.0001 | A | 37302 | Acquired | Common Stock (37302) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1500 | Indirect |
Footnotes
F1: Includes 35 shares acquired under the ALGN ESPP on January 31, 2022.
F2: These securities are held directly by the spouse of the Reporting Person. 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 any other purpose.
F3: 1/4th of the restricted stock unit granted on February 20, 2018 became vested on February 20, 2022 and shares were delivered to reporting person on such vest date.
F4: The market stock unit granted February 20, 2019 became fully vested on February 20, 2022, and shares were delivered to reporting person on such vest date.
F5: 1/4th of the restricted stock unit granted on February 20, 2019 became vested on February 20, 2022 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: 1/4th of the restricted stock unit granted on February 20, 2020 became vested on February 20, 2022 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.
F7: 1/4th of the restricted stock unit granted on February 20, 2021 became vested on February 20, 2022 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.
F8: 1/4th of the restricted stock unit granted on February 20, 2022 will become vested on February 20, 2023 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.
F9: Represents the maximum number of shares which may be issued under the market stock unit. 100% of 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).