SEC Form 4 · accession 0000911916-17-000097
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Arezone
Officer — Chief Commercial Officer
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 6:33 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 | Mar 3, 2017 | A | 3,218 | $0.00 | A | 6,663 | 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 | $34.55 | Mar 3, 2017 | A | 23,109 | A | — | Mar 3, 2024 | Common Stock | 23,109 | 23,109 | D |
| Employee Stock Option (right to buy)F3 | $60.76 | Mar 3, 2017 | A | 2,204 | A | Mar 3, 2017 | Mar 19, 2022 | Common Stock | 2,204 | 3,526 | D |
Explanation of responses
- F1Issued as restricted stock units, which represent the contingent right to receive an equivalent number of shares of common stock. The restricted stock units vest on March 3, 2020.
- F2The stock option vests in three equal annual installments beginning March 3, 2018.
- F3On 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 March 3, 2017, the reporting person earned stock options to purchase 2,204 shares of common stock based on the Company's fiscal year 2016 performance.