Tan Sheila K 4

4 · ALIGN TECHNOLOGY INC · Filed Feb 23, 2011

Form 4

Period: 2011-02-18

VP, Mktg & Chief Mktg Officer

Transactions

Award
Market Stock Unit
2011-02-18+15,000→ 15,000 total
Exercise: $0.00→ Common Stock (15,000 underlying)
Award
Restricted Stock Unit
2011-02-18+10,000→ 10,000 total
Exercise: $0.00→ Common Stock (10,000 underlying)
Award
Right to Buy (Common Stock)
2011-02-18+15,100→ 15,100 total
Exercise: $20.79From: 2012-02-18Exp: 2018-02-18→ Common Stock (15,100 underlying)

Footnotes (5)

[F1]Represents par value of ALGN common stock
[F2]1/3rd of the restricted stock unit will become vested one year after the date of grant and 1/3rd of the restricted stock unit will vest annually thereafter. Shares will be delivered to reporting person on each vest date.
[F3]Represents the maximum number of shares which may be issued under the market stock unit. The actual number of shares to be issued on each vest date will depend on the Issuer's stock price performance as compared to the NASDAQ Composite Index performance calculated as of each vesting date.
[F4]50% of the shares which may be issued under the market stock unit will vest on the last day of the second year of the Performance Period (as defined in the market stock unit agreement) and 50% of the shares which may be issued under the market stock unit will vest on the last day of the Performance Period.
[F5]1/4th of the shares subject to the option shall become vested and exercisable one year after the date of grant and 1/48th of the shares subject to the option will become vested and exercisable each month thereafter.

Documents

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