XNAS:ALGN Align Technology Inc Insider Activity 4 Filing - 2/18/2012

Effective Date 2/18/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
AROLA KENNETH
  2. Issuer Name and Ticker or Trading Symbol
ALIGN TECHNOLOGY INC [ALGN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP, Finance and CFO
(Last)
(First)
(Middle)
C/O ALIGN TECHNOLOGY INC., 2560 ORCHARD PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2012
(Street)

SAN JOSE, CA 95131
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2012 02/18/2012 C   4,000 A $ 0 13,335 D  
Common Stock 02/18/2012 02/18/2012 F   1,468 D $27.22 11,867 D  
Common Stock 02/19/2012 02/19/2012 C   4,000 A $ 0 15,867 D  
Common Stock 02/19/2012 02/19/2012 F   1,468 D $27.22 14,399 D  
Common Stock 02/20/2012 02/20/2012 C   3,542 A $ 0 17,491 D  
Common Stock 02/20/2012 02/20/2012 F   1,300 D $27.22 16,641 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit $0.0001(1) 02/18/2012 02/18/2012 C     4,000   (2)   (2) Common Stock 4,000 $ 0 8,000 D  
Restricted Stock Unit $0.0001(1) 02/19/2012 02/19/2012 C     4,000   (3)   (3) Common Stock 4,000 $ 0 8,000 D  
Restricted Stock Unit $0.0001(1) 02/20/2012 02/20/2012 C     1,250   (4)   (4) Common Stock 1,250 $ 0 0 D  
Restricted Stock Unit $0.0001(1) 02/20/2012 02/20/2012 C     2,292   (5)   (5) Common Stock 2,292 $ 0 2,291 D  
Restricted Stock Unit $0.0001(1) 02/20/2012 02/20/2012 A   16,200     (6)   (6) Common Stock 16,200 $ 0 16,200 D  
Market Stock Unit $0.0001(1) 02/20/2012 02/20/2012 A   24,300(7)     (8)   (8) Common Stock 24,300(7) $ 0 24,300(7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
AROLA KENNETH
C/O ALIGN TECHNOLOGY INC.
2560 ORCHARD PARKWAY
SAN JOSE, CA 95131
      VP, Finance and CFO  

Signatures

 /s/ Roger E. George Atty-In-Fact for Ken Arola   02/22/2011
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents par value of ALGN common stock.
(2) 1/4th of the restricted stock unit granted on February 18, 2011became vested on February 18, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
(3) 1/4th of the restricted stock unit granted on February 19, 2010 became vested on February 19, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
(4) 1/4th of the restricted stock unit granted on February 20, 2008 became vested on February 20, 2012 and shares were delivered to reporting person on February 21, 2012.
(5) 1/4th of the restricted stock unit granted on February 20, 2009 became vested on February 20, 2012 and shares were delivered to reporting person on February 21, 2012. The restricted stock unit will continue to vest annually and shares will be delivered to reporting person on each vest date.
(6) 1/4th of the restricted stock unit will become vested one year after the date of grant and 1/4th of the restricted stock unit will vest annually thereafter. Shares will be delivered to reporting person on each vest date.
(7) Represents the maximum number of shares which may be issued under the market stock unit. The actual number of shares to be issued on each vest date will depend on the Issuer's stock price performance as compared to the NASDAQ Composite Index Performance calculated as of the vest date.
(8) 100% of the shares which may be issued under the market stock unit will vest on the last day of the third year of the Performance Period (as defined in the market stock unit agreement).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:ALGN Align Technology Inc Insider Activity 4 Filling

Align Technology Inc XNAS:ALGN Stock - Get Insider Activity SEC Filing of Align Technology Inc XNAS:ALGN stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:ALGN Align Technology Inc Insider Activity 4 Filing - 2/18/2012
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