SEC Form 4 · accession 0000911916-16-000407
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jody Storm Gale
Officer — SVP/General Counsel/Secretary
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 1:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000917491
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 11, 2016 | A | 103 | $0.00 | A | 1,103 | D | |
| Common Stock | Feb 11, 2016 | F | 33 | $23.92 | D | 1,070 | D |
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)F2 | $59.97 | Feb 11, 2016 | A | 1,066 | A | Feb 11, 2016 | Feb 27, 2022 | Common Stock | 1,066 | 1,066 | D |
Explanation of responses
- F1On February 27, 2015, the reporting person was granted performance-based restricted stock units ("RSUs") representing a contingent right to receive 1,247 shares of common stock, with the number of RSUs 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 103 RSUs based on the Company's fiscal year 2015 performance.
- F2On February 27, 2015, the reporting person was granted performance-based stock options to purchase 12,803 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 1,066 shares of common stock based on the Company's fiscal year 2015 performance.