SEC Form 4 · accession 0000911916-16-000405
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Arezone
Officer — SVP, Man. Dir. - EMEA/APAC
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 1:27 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1 | $60.76 | Feb 11, 2016 | A | 1,322 | A | Feb 11, 2016 | Mar 19, 2022 | Common Stock | 1,322 | 1,322 | D |
Explanation of responses
- F1On March 19, 2015, the reporting person was granted performance-based stock options to purchase 19,836 shares of common stock, with the number of stock options earned to be determined based on the extent to which certain performance conditions for each of fiscal years 2015, 2016 and 2017 were met. As determined on February 11, 2016, the reporting person earned stock options to purchase 1,322 shares of common stock based on the Company's fiscal year 2015 performance.