SEC Form 4 · accession 0001127602-15-022524
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Georges Antoun
Officer — President, US
Period of report
Jul 2, 2015
Accepted (ET)
Jul 7, 2015 · 5:01 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 2, 2015 | M | 16,361 | $0.00 | A | 27,348 | D | |
| Common StockF2 | Jul 2, 2015 | F | 6,864 | $45.17 | D | 20,484 | D | |
| Common StockF4 | Jul 6, 2015 | S | 9,497 | $44.27 | D | 10,987 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F6 | — | Jul 2, 2015 | M | 16,361 | D | — | — | Common Stock | 16,361 | 16,361 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on July 2, 2012.
- F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- F3This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted on August 14, 2014 by the reporting person.
- F4This transaction was executed in multiple trades at prices ranging from $44.05 to $44.65. The price reported above reflects the weighted average sale price for the transactions reported on this line.
- 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 July 2, 2012 pursuant to the Reporting Person's Employment Agreement. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, beginning July 2, 2013.