SEC Form 4 · accession 0000911916-15-000359
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon Raab
Officer — Interim President and CEO · Director
Period of report
Dec 4, 2015
Accepted (ET)
Dec 8, 2015 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000917491
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $29.98 | Dec 4, 2015 | A | 60,000 | A | — | Dec 4, 2022 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1The options vest as follows: subject to Mr. Raab's continued membership on the Board of Directors, 50% of the options will vest upon the earlier to occur of (i) the date a successor President and CEO of the Issuer is appointed or (ii) December 4, 2016; and the remaining 50% of the options will vest on December 4, 2017. Upon a change in control as defined in the FARO Technologies, Inc. 2014 Incentive Plan, the options shall become fully vested and exercisable.