- Statement of Changes in Beneficial Ownership (4)
13 November 2010 - 8:39AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Morse David
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2. Issuer Name
and
Ticker or Trading Symbol
FARO TECHNOLOGIES INC
[
FARO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
SVP, AMERICAS REGION
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(Last)
(First)
(Middle)
C/O FARO TECHNOLOGIES, INC., 125 TECHNOLOGY PARK
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3. Date of Earliest Transaction
(MM/DD/YYYY)
11/11/2010
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(Street)
LAKE MARY, FL 32746
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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COMMON STOCK
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11/11/2010
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M
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1334
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A
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$19.34
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4329
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D
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COMMON STOCK
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11/11/2010
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M
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1150
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A
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$22.28
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5479
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D
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COMMON STOCK
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11/11/2010
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M
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4388
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A
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$13.04
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9867
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D
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COMMON STOCK
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11/11/2010
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S
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6872
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D
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$28.42
(1)
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2995
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to buy)
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$19.34
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11/11/2010
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M
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1334
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(2)
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8/16/2014
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Common Stock
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1334
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$0
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0
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D
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Employee Stock Option (right to buy)
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$22.28
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11/11/2010
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M
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1150
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(3)
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8/12/2015
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Common Stock
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1150
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$0
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1150
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D
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Employee Stock Option (right to buy)
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$13.04
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11/11/2010
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M
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4388
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(4)
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3/12/2019
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Common Stock
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4388
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$0
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8776
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D
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Explanation of Responses:
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(
1)
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Reflects the weighted average sale price. The range of prices for such transaction is $28.09 to $28.78. The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price.
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(
2)
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The option became vested in three equal annual installments on each of 08/16/05, 08/16/06 and 08/15/07.
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(
3)
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The option became vested in three equal annual installments on each of 08/12/06, 08/12/07 and 08/12/08.
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(
4)
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The option became vested as to 4,388 options on 03/12/10; 4,388 options will vest on each of 03/12/11 and 03/12/12.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Morse David
C/O FARO TECHNOLOGIES, INC.
125 TECHNOLOGY PARK
LAKE MARY, FL 32746
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SVP, AMERICAS REGION
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Signatures
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/s/ Keith Bair, as Attorney-in-Fact
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11/12/2010
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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