FARO TECHNOLOGIES INC 4
4 · FARO TECHNOLOGIES INC · Filed Mar 5, 2014
Insider Transaction Report
Form 4
Arezone Joseph
SVP, ASIA PACIFIC REGION
Transactions
- Award
Common Stock
2014-02-28+139→ 673 total - Sale
Common Stock
2014-03-04$57.00/sh−471$26,847→ 388 total - Award
Employee stock option (right to buy)
2014-02-28+1,215→ 1,215 totalExercise: $57.54Exp: 2021-02-28→ Common Stock (1,215 underlying) - Exercise/Conversion
Common Stock
2014-03-03$44.28/sh+505$22,361→ 2,945 total - Exercise/Conversion
Employee stock option (right to buy)
2014-03-03−1,767→ 0 totalExercise: $35.90Exp: 2018-02-25→ Common Stock (1,767 underlying) - Exercise/Conversion
Employee stock option (right to buy)
2014-03-03−505→ 1,010 totalExercise: $44.28Exp: 2020-03-01→ Common Stock (505 underlying) - Exercise/Conversion
Common Stock
2014-03-03$35.90/sh+1,767$63,435→ 2,440 total - Sale
Common Stock
2014-03-03$57.07/sh−2,086$119,048→ 859 total
Footnotes (6)
- [F1]Issued as restricted stock units, which represent the contingent right to receive an equivalent number of shares of common stock. The restricted stock units vest in three equal annual installments on each of 02/28/15, 02/28/16 and 02/28/17.
- [F2]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 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 Exchange Commission staff, the issuer, or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]Reflects the weighted average sale price. The range of prices for such transaction is $57.00 to $57.10.
- [F4]The option vests in three equal annual installments on each of 02/28/15, 02/28/16 and 02/28/17.
- [F5]The option vested in three equal annual installments on each of 02/25/2012, 02/25/2013 and 02/25/2014.
- [F6]The option vests in three equal annual installments on each of 03/01/14, 03/01/15 and 03/01/16.