SEC Form 4 · accession 0000911916-18-000174
FARO TECHNOLOGIES INC · FARO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon Raab
Officer — President and CEO · Director
Period of report
Sep 25, 2018
Accepted (ET)
Sep 27, 2018 · 4:32 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 | Sep 25, 2018 | M | 980 | $29.98 | A | 31,027 | D | |
| Common StockF1,F2 | Sep 25, 2018 | S | 980 | $65.5447 | D | 30,047 | D | |
| Common StockF1 | Sep 26, 2018 | M | 200 | $29.98 | A | 30,247 | D | |
| Common StockF1 | Sep 26, 2018 | S | 200 | $65.05 | D | 30,047 | D | |
| Common StockF3 | holding | — | — | — | 44,315 | I | See footnote | |
| Common StockF4 | holding | — | — | — | 80,000 | I | See footnote |
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)F5 | $29.98 | Sep 25, 2018 | M | 980 | D | — | Dec 4, 2022 | Common Stock | 980 | 38,808 | D |
| Employee Stock Option (right to buy)F5 | $29.98 | Sep 26, 2018 | M | 200 | D | — | Dec 4, 2022 | Common Stock | 200 | 38,608 | D |
Explanation of responses
- F1Securities acquired or sold pursuant to a written plan intended to comply with Rule 10b5-1(c)(1) adopted by Mr. Raab on August 13, 2018.
- F2Represents the sale of 980 shares in multiple transactions ranging in price from $65.10 to $65.70 per share, resulting in a weighted average sale price of $65.5447. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- F3Represents shares held by Xenon Research, Inc., a corporation in which the reporting person has investment control over the shares of the issuer owned by such corporation. The reporting person and his wife, Diana Raab, own all of the outstanding shares of Xenon Research, Inc.
- F4Represents shares held by a revocable trust of which the reporting person is settlor and trustee.
- F530,000 options vested on each of December 4, 2016 and December 4, 2017.