SEC Filing | FARO Technologies Inc

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Buss Siggi

(Last)

(First)

(Middle)

C/O FARO TECHNOLOGIES, INC.

250 TECHNOLOGY PARK

(Street)

LAKE MARY

32746

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/12/2010

3. Issuer Name and Ticker or Trading Symbol
FARO TECHNOLOGIES INC [ FARO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, EUROPE REGION

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,913⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	⁽²⁾	02/10/2014	Common Stock	6,900	27.4	D
Employee Stock Option (right to buy)	⁽³⁾	05/11/2014	Common Stock	6,900	20.44	D
Employee Stock Option (right to buy)	⁽⁴⁾	08/16/2014	Common Stock	15,000	19.34	D
Employee Stock Option (right to buy)	⁽⁵⁾	08/12/2015	Common Stock	13,800	22.28	D
Employee Stock Option (right to buy)	⁽⁶⁾	03/05/2017	Common Stock	13,110	24.36	D
Employee Stock Option (right to buy)	⁽⁷⁾	03/12/2018	Common Stock	10,400	31.06	D
Employee Stock Option (right to buy)	⁽⁸⁾	03/12/2019	Common Stock	15,338	13.04	D
Employee Stock Option (right to buy)	⁽⁹⁾	03/01/2017	Common Stock	11,082	24.3	D

Explanation of Responses:

1. Includes 3,629 restricted stock units that remain subject to vesting conditions.

2. The option became vested in three equal annual installments on each of 02/10/05, 02/10/06 and 02/10/07.

3. The option became vested in three equal annual installments on each of 05/11/05, 05/11/06 and 05/11/07.

4. The option became vested in three equal annual installments on each of 08/16/05, 08/16/06, and 08/15/07.

5. The option became vested in three equal annual installments on each of 08/12/06, 08/12/07, and 08/12/08.

6. The option became vested in three equal annual installments on each of 03/05/08, 03/05/09 and 03/05/10.

7. The option vested as 3,467 options on each of 3/12/09 and 3/12/10; 3,466 options will vest on 03/12/11.

8. The option vested as to 5,112 options on 3/12/10; 5,113 options will vest on each of 3/12/11 and 3/12/12.

9. The option vests in three equal annual installments beginning on 03/01/2011.

	/s/ Keith Bair, under a power of attorney	04/21/2010
	** 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 5 (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.

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                                   SECTION 16
                                POWER OF ATTORNEY

        Know all by these presents, that the undersigned hereby constitutes and
appoints Keith Bair the undersigned's true and lawful attorney-in-fact to:

        (1)     execute for and on behalf of the undersigned, in the
undersigned's capacity as an officer, director and/or 10% shareholder of FARO
Technologies, Inc. (the "Company"), Forms 3, 4, and 5 in accordance with Section
16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

        (2)     do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any such
Form 3, 4, or 5 and timely file such form with the Securities and Exchange
Commission and any stock exchange or similar authority; and

        (3)     take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

        The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.

        This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact. In affixing his or her signature to this Power of
Attorney, the undersigned hereby revokes any and all previously executed Powers
of Attorney for the same or similar purposes.

        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 13th day of April 2010.

                                        /s/ Siggi Buss
                                        ----------------------------------------
                                        Siggi Buss