SEC Form 4 · accession 0001127602-16-046358
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 14, 2016
Accepted (ET)
Mar 15, 2016 · 4:53 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 | Mar 14, 2016 | M | 13,941 | $0.00 | A | 13,941 | D | |
| Common StockF2 | Mar 14, 2016 | F | 5,849 | $70.32 | D | 8,092 | D | |
| Common StockF3,F4 | Mar 14, 2016 | S | 8,092 | $70.73 | 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 UnitsF5,F6 | — | Mar 14, 2016 | M | 13,941 | D | — | — | Common Stock | 13,941 | 13,940 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 13, 2013.
- F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F3This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on August 20, 2015.
- F4This transaction was executed in multiple trades at prices ranging from $70.29 to $71.11. 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 March 13, 2013 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.