SEC Form 4 · accession 0001127602-15-014111

FIRST SOLAR, INC. · FSLR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer/CAO

Period of report

Apr 4, 2015

Accepted (ET)

Apr 7, 2015 · 4:06 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001274494

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Apr 4, 2015	M	3,744	$0.00	A	35,464	D
Common Stock^F2	Apr 4, 2015	F	1,728	$61.19	D	33,736	D
Common Stock^F3	Apr 4, 2015	M	14,462	$0.00	A	48,198	D
Common Stock^F2	Apr 4, 2015	F	6,675	$61.19	D	41,523	D
Common Stock^F4	Apr 4, 2015	M	9,940	$0.00	A	51,463	D
Common Stock^F2	Apr 4, 2015	F	4,588	$61.19	D	46,875	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F5,F6	—	Apr 4, 2015	M	3,744	D	—	—	Common Stock	3,744	0	D
Restricted Stock Units^F5,F7	—	Apr 4, 2015	M	14,462	D	—	—	Common Stock	14,462	14,461	D
Restricted Stock Units^F5,F8	—	Apr 4, 2015	M	9,940	D	—	—	Common Stock	9,940	9,940	D

F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2011.
F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
F3Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2012.
F4Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on April 4, 2012.
F5Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2010 Omnibus Incentive Compensation Plan.
F6The restricted stock units were granted on April 4, 2011 pursuant to the Reporting Person's Employment Agreement. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
F7The restricted stock units were granted on April 4, 2012 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
F8The restricted stock units were granted on April 4, 2012 for retention purposes. The units are scheduled to vest annually from the grant date at a rate of 40% on the first anniversary of the grant date, with 20% scheduled to vest on each of the remaining three anniversaries of the grant date.