Buss Siggi 4/A
4/A · FARO TECHNOLOGIES INC · Filed May 12, 2011
Insider Transaction Report
Form 4/AAmended
Buss Siggi
SVP, EUROPE REGION
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2011-05-10−15,000→ 0 totalExercise: $19.34Exp: 2014-08-16→ Common Stock (15,000 underlying) - Sale
Common Stock
2011-05-10$41.96/sh−15,000$629,400→ 24,540 total - Exercise/Conversion
Common Stock
2011-05-10$19.34/sh+15,000$290,100→ 39,540 total
Footnotes (3)
- [F1]On 04/01/2011, the reporting person reported a stock option exercise on 03/02/11 that did not in fact occur (15,000 options with an exercise price of $19.34). The reporting person exercised these stock options on 05/10/2011, as reflected in this Form 4. This Form 4 correctly reflects the number of shares owned by the reporting person as of 05/10/11, which includes 2,993 shares subject to restricted stock units.
- [F2]Reflects the weighted average sale price. The range of prices for such transaction is $41.79 to $42.04. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]The option vested in three equal annual installments on each of 08/16/05, 08/16/06 and 08/15/07.