COLE STEPHEN 4
4 · FARO TECHNOLOGIES INC · Filed Oct 2, 2019
Insider Transaction Report
Form 4
COLE STEPHEN
Director
Transactions
- Award
Deferred Stock Units
2019-10-01+411→ 1,695 total→ Common Stock (411 underlying)
Footnotes (2)
- [F1]Deferred stock units ("DSUs") granted pursuant to the FARO Technologies, Inc. (the "Company") 2014 Incentive Plan (the "Incentive Plan") and the FARO Technologies, Inc. 2018 Non-Employee Director Deferred Compensation Plan (the "Deferred Compensation Plan").
- [F2]Each DSU represents the right to receive one share of the Company's common stock no later than 60 business days following the date the reporting person incurs a separation of service from the Company, or in limited circumstances upon a change in control of the Company cash equal to the fair market value of one share of the Company's common stock on the date of the change in control, pursuant to the terms of the Deferred Compensation Plan.