SEC Form 4 · accession 0000899243-17-005079
ALIGN TECHNOLOGY INC · ALGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger E George
Officer — VP, Legal Affairs & GC
Period of report
Feb 20, 2017
Accepted (ET)
Feb 23, 2017 · 4:05 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 StockF1 | Jun 6, 2016 | G | 65 | $0.00 | D | 744 | D | |
| Common Stock | Feb 20, 2017 | M | 51,737 | $0.00 | A | 52,481 | D | |
| Common Stock | Feb 20, 2017 | F | 26,205 | $101.765 | D | 26,276 | 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 UnitF2,F3 | $0.0001 | Feb 20, 2017 | M | 6,412 | D | — | — | Common Stock | 6,412 | 0 | D |
| Restricted Stock UnitF2,F4 | $0.0001 | Feb 20, 2017 | M | 3,525 | D | — | — | Common Stock | 3,525 | 3,525 | D |
| Restricted Stock UnitF2,F5 | $0.0001 | Feb 20, 2017 | M | 3,900 | D | — | — | Common Stock | 3,900 | 0 | D |
| Restricted Stock UnitF2,F6 | $0.0001 | Feb 20, 2017 | M | 2,675 | D | — | — | Common Stock | 2,675 | 5,350 | D |
| Restricted Stock UnitF2,F7 | $0.0001 | Feb 20, 2017 | M | 2,375 | D | — | — | Common Stock | 2,375 | 7,125 | D |
| Market Stock UnitF2,F8 | $0.0001 | Feb 20, 2017 | M | 21,250 | D | — | — | Common Stock | 21,150 | 0 | D |
| Market Stock UnitF2,F9 | $0.0001 | Feb 20, 2017 | M | 11,700 | D | — | — | Common Stock | 11,700 | 0 | D |
| Restricted Stock UnitF2,F10 | $0.0001 | Feb 20, 2017 | A | 6,500 | A | — | — | Common Stock | 6,500 | 6,500 | D |
| Market Stock UnitF2,F11 | $0.0001 | Feb 20, 2017 | A | 13,000 | A | — | — | Common Stock | 13,000 | 13,000 | D |
Explanation of responses
- F1Includes 93 shares issued on July 29, 2016 and 41 shares issued on January 31, 2017 under the ALGN ESPP.
- F101/4th of the restricted stock unit granted on February 20, 2017 will become 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.
- F11Represents 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).
- F2Represents par value of ALGN common stock.
- F31/4th of the restricted stock unit granted on February 20, 2013 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017.
- F41/4th of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F51/2th of the restricted stock unit granted on February 20, 2014 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017.
- F61/4th of the restricted stock unit granted on February 20, 2015 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F71/4th of the restricted stock unit granted on February 20, 2016 became vested on February 20, 2017 and shares were delivered to reporting person on February 21, 2017. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- F8Represents the maximum number of shares issued under the market stock unit granted on February 20, 2014. Shares were delivered to reporting person on February 21, 2017.
- F9Represents the maximum number of shares issued under the market stock unit granted on February 20, 2014. Shares were delivered to reporting person on February 21, 2017.