SEC Form 4 · accession 0001127602-15-031226
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Alton Hughes
Officer — Chief Executive Officer · Director
Period of report
Nov 10, 2015
Accepted (ET)
Nov 12, 2015 · 8:57 pm EST
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,F2 | Nov 10, 2015 | S | 77,986 | $55.62 | D | 89,955 | D | |
| Common StockF1 | Nov 11, 2015 | S | 2,913 | $54.73 | D | 87,042 | D | |
| Common StockF3 | Nov 11, 2015 | J | 42,884 | $0.00 | D | 44,158 | D | |
| Common StockF5 | Nov 12, 2015 | S | 4,800 | $54.15 | D | 39,358 | D | |
| Common StockF6 | Nov 12, 2015 | S | 10,200 | $54.79 | D | 29,158 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock sold by the reporting person to satisfy certain tax withholding obligations associated with the issuance of common stock relating to the vesting of KSTEPP performance units, as described in the Form 4 filed by the reporting person with the Securities and Exchange Commission on November 10, 2015. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 19, 2014.
- F2This transaction was executed in multiple trades at prices ranging from $54.63 to $58.60. The price reported above reflects the weighted average sale price for the transactions reported on this line.
- F3Represents shares transferred to the reporting person's ex-spouse pursuant to a divorce decree. The securities owned by the ex-spouse are not beneficially owned by the reporting person. Half of the shares issued pursuant to vesting of the performance units grant (subsequent to the sale of shares to satisfy certain tax withholding obligations associated with the vesting of the performance units) are required to be transferred to the reporting person's ex-spouse pursuant to the divorce decree.
- F4This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on August 21, 2015.
- F5This transaction was executed in multiple trades at prices ranging from $53.52 to $54.51. The price reported above reflects the weighted average sale price for the transactions reported on this line.
- F6This transaction was executed in multiple trades at prices ranging from $54.52 to $55.29. The price reported above reflects the weighted average sale price for the transactions reported on this line.