SEC Form 4 · accession 0001127602-16-048956
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
Apr 4, 2016
Accepted (ET)
Apr 6, 2016 · 5:38 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 | Apr 4, 2016 | M | 6,442 | $0.00 | A | 6,442 | D | |
| Common StockF2 | Apr 4, 2016 | F | 2,737 | $67.24 | D | 3,705 | D | |
| Common StockF3 | Apr 4, 2016 | M | 4,832 | $0.00 | A | 8,537 | D | |
| Common StockF2 | Apr 4, 2016 | F | 2,158 | $67.24 | D | 6,379 | 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 | — | Apr 4, 2016 | M | 6,442 | D | — | — | Common Stock | 6,442 | 0 | D |
| Restricted Stock UnitsF4,F6 | — | Apr 4, 2016 | M | 4,832 | D | — | — | Common Stock | 4,832 | 0 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2012.
- F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F3Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on April 4, 2012.
- 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 2010 Omnibus Incentive Compensation Plan.
- F5The restricted stock units were granted on April 4, 2012. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
- F6The restricted stock units were granted on April 4, 2012. These units are scheduled to vest annually from the grant date at a rate of 40% on the first anniversary of the grant date, with 20% scheduled to vest on each of the remaining three anniversaries of the grant date.