Michael D. Burger - Feb 19, 2022 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
Feb 19, 2022
Transactions value $
-$76,240
Form type
4
Date filed
2/22/2022, 03:13 PM
Previous filing
Jun 21, 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 $0 +3.98K +23.01% $0.00 21.3K Feb 19, 2022 Direct F1, F2
transaction FARO Common Stock Tax liability -$76.2K -1.42K -6.68% $53.69 19.8K Feb 19, 2022 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 -3.98K -33.33% $0.00 7.95K Feb 19, 2022 Common Stock 3.98K 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 3,976 of the shares underlying the RSUs vested on February 19, 2022 and the 7,954 remaining shares underlying the RSUs will vest in equal installments on February 19, 2023 and February 19, 2024.