Filing Details
- Accession Number:
- 0000911916-18-000145
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-08-02 17:09:06
- Reporting Period:
- 2018-07-31
- Accepted Time:
- 2018-08-02 17:09:06
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 917491 | Faro Technologies Inc | FARO | Measuring & Controlling Devices, Nec (3829) | 593157093 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1597760 | Storm Jody Gale | C/O Faro Technologies, Inc. 250 Technology Park Lake Mary FL 32746 | Svp/General Counsel/Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2018-07-31 | 8,500 | $49.60 | 15,089 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-07-31 | 8,500 | $65.27 | 6,589 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-08-01 | 5,097 | $49.60 | 11,686 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-08-01 | 3,554 | $59.97 | 15,240 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2018-08-01 | 5,167 | $34.55 | 20,407 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-01 | 13,818 | $65.05 | 6,589 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-07-31 | 8,500 | $0.00 | 8,500 | $49.60 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-08-01 | 5,097 | $0.00 | 5,097 | $49.60 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-08-01 | 3,554 | $0.00 | 3,554 | $59.97 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-08-01 | 5,167 | $0.00 | 5,167 | $34.55 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 5,097 | 2021-02-03 | No | 4 | M | Direct | |
| 0 | 2021-02-03 | No | 4 | M | Direct | |
| 2 | 2022-02-27 | No | 4 | M | Direct | |
| 10,335 | 2024-03-03 | No | 4 | M | Direct |
Footnotes
- Represents the sale of 8,500 shares in multiple transactions ranging in price from $65.00 to $65.55 per share, resulting in a weighted average sale price of $65.2748. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- Represents the sale of 13,818 shares in multiple transactions ranging in price from $65.00 to $65.30 per share, resulting in a weighted average sale price of $65.0536. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each price within the range.
- These stock options vested in three equal annual installments beginning on February 3, 2015.
- On February 27, 2015, the reporting person was granted performance-based stock options to purchase 12,803 shares of common stock, with the number of stock options earned to be determined based on the extent to which certain performance conditions for each of fiscal years 2015, 2016 and 2017 were met. As determined on each of February 11, 2016, March 3, 2017 and March 20, 2018, the reporting person earned stock options to purchase 1,066, 1,423 and 1,067 shares of common stock, respectively, based on the Company's fiscal year 2015, 2016 and 2017 performance, which stock options vested as of the respective determination date.
- 5,167 stock options vested on March 3, 2018, and the remaining 10,335 stock options are scheduled to vest in equal installments on March 3, 2019 and March 3, 2020.
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