SEC Form 4 · accession 0000899243-16-014204
ALIGN TECHNOLOGY INC · ALGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raphael Pascaud
Officer — VP, International
Period of report
Feb 20, 2016
Accepted (ET)
Feb 24, 2016 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001097149
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 20, 2016 | M | 8,825 | $0.00 | A | 12,860 | D | |
| Common Stock | Feb 20, 2016 | F | 3,973 | $63.29 | D | 8,887 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | $0.0001 | Feb 20, 2016 | M | 1,000 | D | — | — | Common Stock | 1,000 | 0 | D |
| Restricted Stock UnitF1,F3 | $0.0001 | Feb 20, 2016 | M | 875 | D | — | — | Common Stock | 875 | 875 | D |
| Restricted Stock UnitF1,F4 | $0.0001 | Feb 20, 2016 | M | 1,000 | D | — | — | Common Stock | 1,000 | 1,000 | D |
| Restricted Stock UnitF1,F5 | $0.0001 | Feb 20, 2016 | M | 1,225 | D | — | — | Common Stock | 1,225 | 2,450 | D |
| Restricted Stock UnitF1,F6 | $0.0001 | Feb 20, 2016 | M | 500 | D | — | — | Common Stock | 500 | 500 | D |
| Restricted Stock UnitF1,F7 | $0.0001 | Feb 20, 2016 | M | 1,225 | D | — | — | Common Stock | 1,225 | 2,450 | D |
| Restricted Stock UnitF1,F8 | $0.0001 | Feb 20, 2016 | M | 3,000 | D | — | — | Common Stock | 3,000 | 9,000 | D |
| Restricted Stock UnitF1,F9 | $0.0001 | Feb 20, 2016 | A | 12,000 | A | — | — | Common Stock | 12,000 | 12,000 | D |
| Market Stock UnitF1,F10 | $0.0001 | Feb 20, 2016 | A | 18,000 | A | — | — | Common Stock | 18,000 | 18,000 | D |
Explanation of responses
- F1Represents par value of ALGN common stock.
- F10Represents 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).
- F21/4th of the restricted stock unit granted on February 20, 2012 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016.
- F31/4th of the restricted stock unit granted on February 20, 2013 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F41/4th of the restricted stock unit granted on March 1, 2013 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F51/4th of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F61/2 of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. 1/2 of the restricted stock unit will vest on February 20, 2017 and shares will be delivered to reporting person on such vest date.
- F71/4th of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F81/4th of the restricted stock unit granted on February 20, 2015 became vested on February 20, 2016 and shares were delivered to reporting person on February 22, 2016. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F91/4th of the restricted stock unit granted on February 20, 2016 became vested on February 20, 2017 and shares were delivered to reporting person on such vest date. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.