Cambra Dana 4
4 · ALIGN TECHNOLOGY INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
Cambra Dana
VP, Research & Develop.
Transactions
- Tax Payment
Common Stock
2012-02-18$27.22/sh−1,627$44,287→ 7,205 total - Conversion
Restricted Stock Unit
2012-02-18−4,434→ 8,866 totalExercise: $0.00→ Common Stock (4,434 underlying) - Conversion
Common Stock
2012-02-19+3,417→ 10,622 total - Tax Payment
Common Stock
2012-02-19$27.22/sh−1,254$34,134→ 9,368 total - Conversion
Common Stock
2012-02-18+4,434→ 8,832 total - Conversion
Restricted Stock Unit
2012-02-19−3,417→ 6,833 totalExercise: $0.00→ Common Stock (3,417 underlying) - Award
Restricted Stock Unit
2012-02-20+17,250→ 17,250 totalExercise: $0.00→ Common Stock (17,250 underlying) - Conversion
Common Stock
2012-02-20+2,333→ 11,701 total - Tax Payment
Common Stock
2012-02-20$27.22/sh−856$23,300→ 10,845 total - Conversion
Restricted Stock Unit
2012-02-20−2,333→ 2,333 totalExercise: $0.00→ Common Stock (2,333 underlying) - Award
Market Stock Unit
2012-02-20+25,875→ 25,875 totalExercise: $0.00→ Common Stock (25,875 underlying)
Footnotes (7)
- [F1]Represents par value of ALGN common stock.
- [F2]1/4th of the restricted stock unit granted on February 18, 2011became vested on February 18, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- [F3]1/4th of the restricted stock unit granted on February 19, 2010 became vested on February 19, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- [F4]1/4th of the restricted stock unit granted on February 20, 2009 became vested on February 20, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
- [F5]1/4th of the restricted stock unit will become vested one year after the date of grant and 1/4th of the restricted stock unit will vest annually thereafter. Shares will be delivered to reporting person on each vest date.
- [F6]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 the vest date.
- [F7]100% of the shares which may be issued under the market stock unit will vest on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).