SEC Form 4 · accession 0001127602-16-045542
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
Mar 5, 2016
Accepted (ET)
Mar 8, 2016 · 5:17 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 | Mar 5, 2016 | M | 3,440 | $0.00 | A | 3,440 | D | |
| Common StockF2 | Mar 5, 2016 | M | 3,500 | $0.00 | A | 6,940 | D | |
| Common StockF3 | Mar 5, 2016 | F | 941 | $69.52 | D | 5,999 | D | |
| Common StockF3 | Mar 5, 2016 | F | 1,334 | $69.52 | D | 4,665 | D | |
| Common StockF4,F5 | Mar 7, 2016 | S | 2,865 | $68.96 | D | 1,800 | D | |
| Common StockF4,F6 | Mar 7, 2016 | S | 1,800 | $69.70 | D | 0 | 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 UnitsF7,F8 | — | Mar 5, 2016 | M | 3,440 | D | — | — | Common Stock | 3,440 | 6,878 | D |
| Restricted Stock UnitsF7,F9 | — | Mar 5, 2016 | M | 3,500 | D | — | — | Common Stock | 3,500 | 10,497 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 5, 2014.
- F2Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 5, 2015.
- F3Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F4This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on August 20, 2015.
- F5This transaction was executed in multiple trades at prices ranging from $68.44 to $69.41. The price reported above reflects the weighted average sales price for the transactions reported on this line.
- F6This transaction was executed in multiple trades at prices ranging from $69.46 to $69.97. The price reported above reflects the weighted average sales price for the transactions reported on this line.
- F7Each 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.
- F8The restricted stock units were granted on March 5, 2014 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
- F9The restricted stock units were granted on March 5, 2015 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.