Kevin Beadle - Dec 9, 2021 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
Senior Vice President of Sales
Signature
/s/ Allen L. Muhich, attorney-in-fact for Kevin Beadle (power of attorney previously filed)
Stock symbol
FARO
Transactions as of
Dec 9, 2021
Transactions value $
-$17,304
Form type
4
Date filed
12/9/2021, 05:03 PM
Previous filing
Sep 7, 2021
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 +1.01K 1.01K Dec 9, 2021 Direct F1, F2
transaction FARO Common Stock Tax liability -$17.3K -246 -24.4% $70.34 762 Dec 9, 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 -1.01K -49.98% $0.00 1.01K Dec 9, 2021 Common Stock 1.01K 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 FARO Technologies, Inc. to satisfy tax withholding obligations on the vesting of restricted stock units.
F4 1,008 of the shares underlying the RSUs vested on December 9, 2021, and the 1,009 remaining shares underlying the RSUs will vest on December 9, 2022.