SEC Form 4 · accession 0001127602-16-045964
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip DeJong
Officer — Chief Operating Officer
Period of report
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 5:28 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 | Mar 8, 2016 | S | 1,509 | $67.30 | D | 1,202 | D | |
| Common StockF1,F3 | Mar 8, 2016 | S | 1,202 | $68.51 | 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 UnitsF4,F5 | — | Mar 8, 2016 | A | 17,333 | A | — | — | Common Stock | 17,333 | 17,333 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 20, 2015.
- F2This transaction was executed in multiple trades at prices ranging from $67.03 to $67.89. The price reported above reflects the weighted average sales price for the transactions reported on this line.
- F3This transaction was executed in multiple trades at prices ranging from $68.19 to $68.79. The price reported above reflects the weighted average sales price for the transactions reported on this line.
- F4Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's 2015 Omnibus Incentive Compensation Plan.
- F5The restricted stock units were granted on March 8, 2016 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.