SEC Form 4 · accession 0000899243-17-005080
ALIGN TECHNOLOGY INC · ALGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Prescott
Director
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 Stock | Feb 20, 2017 | M | 181,000 | $0.00 | A | 272,253 | D | |
| Common Stock | Feb 20, 2017 | F | 54,344 | $101.765 | D | 217,909 | D | |
| Common StockF1 | Feb 21, 2017 | S | 22,500 | $101.82 | D | 195,409 | D | |
| Common StockF2 | Feb 22, 2017 | S | 44,028 | $100.76 | D | 151,381 | 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 UnitF3,F4 | $0.0001 | Feb 20, 2017 | M | 13,750 | D | — | — | Common Stock | 13,750 | 0 | D |
| Restricted Stock UnitF3,F5 | $0.0001 | Feb 20, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitF3,F6 | $0.0001 | Feb 20, 2017 | M | 10,000 | D | — | — | Common Stock | 10,000 | 0 | D |
| Restricted Stock UnitF3,F7 | $0.0001 | Feb 20, 2017 | M | 12,250 | D | — | — | Common Stock | 12,250 | 24,500 | D |
| Market Stock UnitF3,F8 | $0.0001 | Feb 20, 2017 | M | 45,000 | D | — | — | Common Stock | 45,000 | 0 | D |
| Market Stock UnitF3,F9 | $0.0001 | Feb 20, 2017 | M | 90,000 | D | — | — | Common Stock | 90,000 | 0 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.58 to $102.05, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.26 to $101.15, inclusive. The reporting person undertakes to provide Align Technology, Inc., any security holder of Align Technology, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Represents par value of ALGN common stock.
- F41/4th 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.
- F51/4th 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.
- F61/2 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.
- F71/4th 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.
- 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.