SEC Form 4 · accession 0001233163-15-000005
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
Jun 1, 2015
Accepted (ET)
Jun 1, 2015 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001097149
Table I — non-derivative securities
No Table I lines on this filing.
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 | Jun 1, 2015 | A | 111,000 | A | — | — | Common Stock | 111,000 | 111,000 | D |
| Market Stock UnitF1,F3 | $0.0001 | Jun 1, 2015 | A | 166,500 | A | — | — | Common Stock | 166,500 | 166,500 | D |
Explanation of responses
- F1Represents par value of ALGN common stock
- F21/4th of the restricted stock unit will become vested on December 31, 2015 and 1/4th of the restricted stock unit will vest annually thereafter. Shares will be delivered to reporting person on each vest date.
- F3Represents 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).