Statement of Changes in Beneficial Ownership (4)
February 24 2021 - 05:35PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Hockridge Stuart
A |
2. Issuer Name and Ticker or Trading
Symbol ALIGN TECHNOLOGY INC [ ALGN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
SVP Global HR |
(Last)
(First)
(Middle)
C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/20/2021
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(Street)
SAN JOSE, CA 95131
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
2/20/2021 |
|
M |
|
10503 |
A |
$0.00 |
20346 |
D |
|
Common Stock |
2/20/2021 |
|
F |
|
4901 |
D |
$599.25 |
15445 |
D |
|
Common Stock |
2/24/2021 |
|
S |
|
4622 |
D |
$573.07 (1) |
10823 |
D |
|
Common Stock |
2/24/2021 |
|
S |
|
980 |
D |
$574.20 (2) |
9843 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
M |
|
|
1500 |
(4) |
(4) |
Common Stock |
1500 |
$0.00 |
0 |
D |
|
Restricted Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
M |
|
|
450 |
(5) |
(5) |
Common Stock |
450 |
$0.00 |
450 |
D |
|
Restricted Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
M |
|
|
521 |
(6) |
(6) |
Common Stock |
521 |
$0.00 |
1042 |
D |
|
Restricted Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
M |
|
|
453 |
(7) |
(7) |
Common Stock |
453 |
$0.00 |
1358 |
D |
|
Market Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
M |
|
|
7579 |
(8) |
(8) |
Common Stock |
7579 |
$0.00 |
0 |
D |
|
Restricted Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
A |
|
832 |
|
(9) |
(9) |
Common Stock |
832 |
$0.00 |
832 |
D |
|
Market Stock Unit |
$0.0001 (3) |
2/20/2021 |
|
A |
|
4160 |
|
(10) |
(10) |
Common Stock |
4160 |
$0.00 |
4160 |
D |
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Explanation of
Responses: |
(1) |
The price reported in column
4 is an average price. These shares were sold in multiple
transactions at prices ranging from $572.74 to $573.73, inclusive.
The reporting person undertakes to provide Align Technology, Inc.,
any security holder of Align Technology, Inc. or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(2) |
The price reported in column
4 is an average price. These shares were sold in multiple
transactions at prices ranging from $573.74 to $574.495, inclusive.
The reporting person undertakes to provide Align Technology, Inc.,
any security holder of Align Technology, Inc. or the staff of the
Securities and Exchange Commission, upon request, full information
regarding the number of shares sold at each separate price within
the range set forth in this footnote. |
(3) |
Represents par value of ALGN
common stock. |
(4) |
1/4th of the restricted
stock unit granted on February 20, 2017 became vested on February
20, 2021 and shares were delivered to reporting person on February
22, 2021. |
(5) |
1/4th of the restricted
stock unit granted on February 20, 2018 became vested on February
20, 2021 and shares were delivered to reporting person on February
22, 2021. 1/4th of the restricted stock unit will continue to vest
annually and shares will be delivered to reporting person on each
vest date. |
(6) |
1/4th of the restricted
stock unit granted on February 20, 2019 became vested on February
20, 2021 and shares were delivered to reporting person on February
22, 2021. 1/4th of the restricted stock unit will continue to vest
annually and shares will be delivered to reporting person on each
vest date. |
(7) |
1/4th of the restricted
stock unit granted on February 20, 2020 vested on February 20, 2021
and shares were delivered to reporting person on February 22, 2021.
1/4th of the restricted stock unit will continue to vest annually
and shares will be delivered to reporting person on each vest
date. |
(8) |
The market stock unit
granted on February 20, 2018 became fully vested on February 20,
2021. Shares were delivered to reporting person on February 22,
2021. |
(9) |
1/4th of the restricted
stock unit granted on February 20, 2021 will become vested on
February 20, 2022 and shares will be delivered to reporting person
on such vest date. 1/4th of the restricted stock unit will continue
to vest annually and shares will be delivered to reporting person
on each vest date. |
(10) |
Represents the maximum
number of shares which may be issued under the market stock unit.
100% of 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). |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Hockridge Stuart A
C/O ALIGN TECHNOLOGY INC.
2820 ORCHARD PARKWAY
SAN JOSE, CA 95131 |
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SVP Global HR |
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Signatures
|
/s/Julie Ann Coletti Attorney-in-Fact for Stuart
Hockridge |
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2/24/2021 |
**Signature of Reporting
Person |
Date |