SEC Form 4 · accession 0000899243-18-005079
ALIGN TECHNOLOGY INC · ALGN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Hogan
Officer — President and CEO · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 5:09 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 | Feb 20, 2018 | M | 13,750 | $0.00 | A | 57,029 | D | |
| Common Stock | Feb 20, 2018 | F | 6,818 | $255.45 | D | 50,211 | D | |
| Common StockF2 | holding | — | — | — | 1,500 | I | By resident of household |
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, 2018 | M | 7,500 | D | — | — | Common Stock | 7,500 | 15,000 | D |
| Restricted Stock UnitF3,F5 | $0.0001 | Feb 20, 2018 | M | 6,250 | D | — | — | Common Stock | 6,250 | 18,750 | D |
| Restricted Stock UnitF3,F6 | $0.0001 | Feb 20, 2018 | A | 9,600 | A | — | — | Common Stock | 9,600 | 9,600 | D |
| Market Stock UnitF3,F7 | $0.0001 | Feb 20, 2018 | A | 48,000 | A | — | — | Common Stock | 48,000 | 48,000 | D |
Explanation of responses
- F1Includes 295 shares acquired under the ALGN ESPP on January 31, 2018.
- F2The 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 for any other purpose.
- F3Represents par value of ALGN common stock.
- F41/4th of the restricted stock unit granted on February 20, 2016 became vested on February 20, 2018 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each vest date.
- F51/4th of the restricted stock unit granted on February 20, 2017 became vested on February 20, 2018 and shares were delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each vest date.
- F61/4th of the restricted stock unit granted on February 20, 2018 will become vested on February 20, 2019 and shares will be delivered to reporting person on such vest date. 1/4th of the restricted stock unit will vest annually thereafter and shares will be delivered to reporting person on each vest date.
- F7Represents 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).