SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LACOB JOSEPH

(Last) (First) (Middle)
C/O ALIGN TECHNOLOGY INC.
881 MARTIN AVE

(Street)
SANTA CLARA CA 95050

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALIGN TECHNOLOGY INC [ ALGN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2008
4. If Amendment, Date of 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
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 03/27/2008 03/27/2008 M 60,000 A $0.05 758,327(1) D
Common Stock 03/27/2008 03/27/2008 M 8,000 A $9.8 766,327 D
Common Stock 03/27/2008 03/27/2008 M 8,000 A $4.04 774,327 D
Common Stock 03/27/2008 03/27/2008 M 43,000 A $6.15 817,327 D
Common Stock 03/27/2008 03/27/2008 M 8,000 A $8.84 825,327 D
Common Stock 03/27/2008 03/27/2008 M 8,000 A $7.19 833,327 D
Common Stock 03/27/2008 03/27/2008 M 8,000 A $7.35 841,327 D
Common Stock 364,006 I Trust for reporting person
Common Stock 148,767 I Trust for children
Common Stock 746,210(2) I By KCPB VIII
Common Stock 43,263(2) I By KPCB VIII FF
Common Stock 20,258(2) I By KPCB Life
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 Securities Underlying Derivative Security (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: 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
Stock Option (right to buy) $0.05 03/27/2008 03/27/2008 M 60,000 05/29/1999 05/29/2008 Common Stock 60,000 $0 0 D
Stock Option (right to buy) $9.8 03/27/2008 03/27/2008 M 8,000 05/15/2002 05/15/2011 Common Stock 8,000 $0 0 D
Stock Option (right to buy) $4.04 03/27/2008 03/27/2008 M 8,000 05/16/2003 05/16/2012 Common Stock 8,000 $0 0 D
Stock Option (right to buy) $6.15 03/27/2008 03/27/2008 M 43,000 04/23/2004 04/23/2013 Common Stock 43,000 $0 0 D
Stock Option (right to buy) $8.84 03/27/2008 03/27/2008 M 8,000 05/15/2004 05/15/2013 Common Stock 8,000 $0 0 D
Stock Option (right to buy) $7.19 03/27/2008 03/27/2008 M 8,000 05/25/2006 05/25/2015 Common Stock 8,000 $0 0 D
Stock Option (right to buy) $7.35 03/27/2008 03/27/2008 M 8,000 05/24/2007 05/24/2016 Common Stock 8,000 $0 0 D
Explanation of Responses:
1. Since the date of the reporting person's last ownership report, and in connection with acquisition of shares reported on this Form 4, he transferred an aggregate of 788,650 shares of Common Stock pursuant to a divorce settlement. The reporting person no longer reports as beneficially owned any shares held by his ex-wife.
2. Mr. Lacob is a general partner of KPCB VIII Associates, L.P., a CA limited partnership ("KPCB VIII Associates"). KPCB VIII Associates is the general partner of Kleiner Perkins Caufield & Byers VIII, L.P., a CA limited partnership ("KPCB VIII") and KPCB VIII Founders Fund L.P., a CA limited partnership ("KPCB VIII FF"). Mr. Lacob is also a general partner of KPCB VII Associates, L.P., a CA limited partnership ("KPCB VII Associates"). KPCB VII Associates is the general partner of KPCB Life Sciences Zaibatsu Fund II, L.P., a CA limited partnership ("KPCB Life"). Mr. Lacob disclaims beneficial ownership of the shares of the Issuer's common stock held directly by KPCB VIII, KPCB VIII FF, KPCB Life, except to the extent of any indirect pecuniary interest in his distributive share therein.
Roger E. George, Atty-in-Fact for Joseph S. Lacob 03/28/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.