Stephen Cole - Oct 1, 2021 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
Director
Signature
/s/ Allen Muhich, Attorney-in-Fact for Stephen Cole
Stock symbol
FARO
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/4/2021, 04:31 PM
Previous filing
Jul 2, 2021
Next filing
May 31, 2022

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 Deferred Stock Units Award $0 +296 +12.36% $0.00 2.69K Oct 1, 2021 Common Stock 296 Direct F1, F2
transaction FARO Deferred Stock Units Award $0 +24 +0.89% $0.00 2.71K Oct 1, 2021 Common Stock 24 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred stock units ("DSUs") granted pursuant to the FARO Technologies, Inc. (the "Company") 2014 Incentive Plan (the "Incentive Plan") and the FARO Technologies, Inc. 2018 Non-Employee Director Deferred Compensation Plan (the "Deferred Compensation Plan").
F2 Each DSU represents the right to receive one share of the Company's common stock no later than 60 business days following the date the reporting person incurs a separation of service from the Company, or in limited circumstances upon a change in control of the Company cash equal to the fair market value of one share of the Company's common stock on the date of the change in control, pursuant to the terms of the Deferred Compensation Plan.
F3 Adjustment to previously granted deferred stock units ("DSUs") granted pursuant to the FARO Technologies, Inc. (the "Company") 2014 Incentive Plan (the "Incentive Plan") and the FARO Technologies, Inc. 2018 Non-Employee Director Deferred Compensation Plan (the "Deferred Compensation Plan") to correct for changes to Director compensation resulting from amendments to the Summary of Director Compensation Program.