Allen L. Muhich - 26 Jul 2021 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
Chief Financial Officer
Signature
/s/ Allen L. Muhich
Issuer symbol
FARO
Transactions as of
26 Jul 2021
Net transactions value
-$74,606
Form type
4
Filing time
27 Jul 2021, 18:20:35 UTC
Next filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Options Exercise $0 +3,147 +99% $0.000000 6,311 26 Jul 2021 Direct F1, F2
transaction FARO Common Stock Tax liability $74,606 -1,022 -16% $73.00 5,289 26 Jul 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 -3,147 -50% $0.000000 3,147 26 Jul 2021 Common Stock 3,147 Direct F1, 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 3,147 of the shares underlying the RSUs vested on July 26, 2021, and the 3,147 remaining shares underlying the RSUs will vest on July 26, 2022.