Michael D. Burger - Jun 17, 2021 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
President and CEO, Director
Signature
/s/ Allen Muhich, attorney-in-fact for Michael D. Burger (power of attorney previously filed)
Stock symbol
FARO
Transactions as of
Jun 17, 2021
Transactions value $
-$392,704
Form type
4
Date filed
6/21/2021, 04:05 PM
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Options Exercise +10.4K +87.35% 22.4K Jun 17, 2021 Direct F1, F2
transaction FARO Common Stock Tax liability -$393K -5.08K -22.71% $77.38 17.3K Jun 17, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FARO Restricted Stock Units Options Exercise $0 -10.4K -50% $0.00 10.4K Jun 17, 2021 Common Stock 10.4K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Each RSU represents a contingent right to receive the economic equivalent of one share of common stock of FARO Technologies, Inc. (the "Issuer") upon vesting for no consideration.
F3 Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of RSUs.
F4 10,421 of the shares underlying the RSUs vested on June 17, 2021, and the 10,421 remaining shares underlying the RSUs will vest on June 17, 2022.