SEC Form 4 · accession 0000911916-17-000100
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kathleen Hall
Officer — Chief Operating Officer
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 6:35 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 | 3,301 | $0.00 | A | 6,855 | D | |
| Common StockF2 | Mar 3, 2017 | A | 163 | $0.00 | A | 7,018 | D | |
| Common Stock | Mar 3, 2017 | F | 53 | $34.55 | D | 6,965 | 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)F3 | $34.55 | Mar 3, 2017 | A | 23,706 | A | — | Mar 3, 2024 | Common Stock | 23,706 | 23,706 | D |
| Employee Stock Option (right to buy)F4 | $59.97 | Mar 3, 2017 | A | 1,671 | A | Mar 3, 2017 | Feb 27, 2022 | Common Stock | 1,671 | 2,940 | 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.
- F2On February 27, 2015, the reporting person was granted performance-based restricted stock units ("RSUs") representing a contingent right to receive 1,465 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 March 3, 2017, the reporting person earned 163 RSUs based on the Company's fiscal year 2016 performance.
- F3The stock option vests in three equal annual installments beginning March 3, 2018.
- F4On February 27, 2015, the reporting person was granted performance-based stock options to purchase 15,038 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 1,671 shares of common stock based on the Company's fiscal year 2016 performance.