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Filing Details

Accession Number:: 0001181431-12-010748
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-02-22 14:05:23
Reporting Period:: 2012-02-18

Filing Date:: 2012-02-22
Accepted Time:: 2012-02-22 14:05:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1097149	Align Technology Inc	ALGN	Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)	943267295

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1234774	Len Hedge	C/O Align Technology Inc. 2560 Orchard Parkway San Jose CA 95131	Svp, Business Operations	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-02-18	5,600	$0.00	36,388	No	4	C	Direct
Common Stock	Disposition	2012-02-18	2,615	$27.22	33,773	No	4	F	Direct
Common Stock	Acquisiton	2012-02-19	5,000	$0.00	38,773	No	4	C	Direct
Common Stock	Disposition	2012-02-19	2,065	$27.22	36,708	No	4	F	Direct
Common Stock	Acquisiton	2012-02-20	5,532	$0.00	42,240	No	4	C	Direct
Common Stock	Disposition	2012-02-20	2,030	$27.22	40,210	No	4	F	Direct
Common Stock	Acquisiton	2012-02-21	5,000	$7.35	45,210	No	4	M	Direct
Common Stock	Disposition	2012-02-21	5,000	$27.51	40,210	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	F	Direct
No	4	C	Direct
No	4	F	Direct
No	4	C	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2012-02-18	5,600	$0.00	5,600	$0.00
Common Stock	Restricted Stock Unit	Disposition	2012-02-19	5,000	$0.00	5,000	$0.00
Common Stock	Restricted Stock Unit	Disposition	2012-02-20	2,000	$0.00	2,000	$0.00
Common Stock	Restricted Stock Unit	Disposition	2012-02-20	3,532	$0.00	3,532	$0.00
Common Stock	Restricted Stock Unit	Acquisiton	2012-02-20	24,000	$0.00	24,000	$0.00
Common Stock	Market Stock Unit	Acquisiton	2012-02-20	36,000	$0.00	36,000	$0.00
Common Stock	Right to Buy (Common Stock)	Disposition	2012-02-21	5,000	$0.00	5,000	$7.35

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
11,200			No	4	C	Direct
10,000			No	4	C	Direct
0			No	4	C	Direct
3,532			No	4	C	Direct
24,000			No	4	A	Direct
36,000			No	4	A	Direct
24,000	2006-02-22	2015-02-22	No	4	M	Direct

Footnotes

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.50 to $27.55, 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.
Represents par value of ALGN common stock.
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.
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.
1/4th of the restricted stock unit granted on February 20, 2008 became vested on February 20, 2012 and shares were delivered to reporting person on February 21, 2012.
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.
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.
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.
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).