SEC Form 4 · accession 0000911916-18-000075
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
Mar 20, 2018
Accepted (ET)
Mar 22, 2018 · 6:43 pm EDT
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 20, 2018 | A | 1,198 | $0.00 | A | 6,511 | D | |
| Common StockF2 | Mar 20, 2018 | A | 104 | $0.00 | A | 6,615 | D | |
| Common Stock | Mar 20, 2018 | F | 26 | $61.30 | D | 6,589 | 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 | $61.30 | Mar 20, 2018 | A | 9,412 | A | — | Mar 20, 2025 | Common Stock | 9,412 | 9,412 | D |
| Employee Stock Option (right to buy)F4 | $59.97 | Mar 20, 2018 | A | 1,067 | A | Mar 20, 2018 | Feb 27, 2022 | Common Stock | 1,067 | 3,556 | 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 20, 2021.
- F2On 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 March 20, 2018, the reporting person earned 104 RSUs based on the Company's fiscal year 2017 performance.
- F3The stock option vests in three equal annual installments beginning March 20, 2019
- F4On 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 March 20, 2018, the reporting person earned stock options to purchase 1,067 shares of common stock based on the Company's fiscal year 2017 performance.