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Filing Details

Accession Number:
0001181431-12-002447
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-01-12 18:37:26
Reporting Period:
2012-01-11
Filing Date:
2012-01-12
Accepted Time:
2012-01-12 18:37:26
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
1309153 Jay Freeland C/o Faro Technologies Inc.
250 Technology Park
Lake Mary FL 32746
President & Ceo Yes 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 2012-01-11 40,000 $24.36 45,040 No 4 M Direct
Common Stock Disposition 2012-01-11 22,962 $50.70 22,078 No 4 S Direct
Common Stock Disposition 2012-01-11 15,092 $51.35 6,986 No 4 S Direct
Common Stock Disposition 2012-01-11 1,946 $52.04 5,040 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S 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 2012-01-11 40,000 $0.00 40,000 $24.36
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-03-05 No 4 M Direct
Footnotes
  1. The stock option exercise and sales reported in this Form 4 were effected pursuant to the reporting person's stock trading plan (the "Trading Plan"), in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The issuer disclosed the reporting person's adoption of the Trading Plan on a Current Report on Form 8-K filed with the SEC on June 17, 2011. The Trading Plan became effective on July 15, 2011 and will terminate on July 14, 2012, unless earlier terminated in accordance with the terms of the Trading Plan. Pursuant to the terms of the Trading Plan, the reporting person does not have any discretion or control over the timing or effectuation of sales.
  2. 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.
  3. Reflects the weighted average sale price. The range of prices for such transaction is $50.00 to $50.99.
  4. Reflects the weighted average sale price. The range of prices for such transaction is $51.00 to $51.96.
  5. Reflects the weighted average sale price. The range of prices for such transaction is $52.01 to $52.06.
  6. The option vested in three equal annual installments on each of March 5, 2008, March 5, 2009, and March 5, 2010.