SEC Form 4 · accession 0001127602-16-057382
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Brian Rebhorn
Officer — EVP, Corp Dev & Strategic Mktg
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 7:58 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 | Jun 30, 2016 | M | 3,645 | $0.00 | A | 16,145 | D | |
| Common StockF2 | Jun 30, 2016 | M | 1,634 | $0.00 | A | 17,779 | D | |
| Common StockF3 | Jun 30, 2016 | M | 1,715 | $0.00 | A | 19,494 | D | |
| Common StockF4 | Jun 30, 2016 | M | 2,244 | $0.00 | A | 21,738 | D | |
| Common StockF5 | Jun 30, 2016 | F | 997 | $48.48 | D | 20,741 | D | |
| Common StockF5 | Jun 30, 2016 | F | 447 | $48.48 | D | 20,294 | D | |
| Common StockF5 | Jun 30, 2016 | F | 470 | $48.48 | D | 19,824 | D | |
| Common StockF5 | Jun 30, 2016 | F | 614 | $48.48 | D | 19,210 | 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 UnitsF6,F7 | — | Jun 30, 2016 | M | 3,645 | D | — | — | Common Stock | 3,645 | 0 | D |
| Restricted Stock UnitsF6,F8 | — | Jun 30, 2016 | M | 1,634 | D | — | — | Common Stock | 1,634 | 1,633 | D |
| Restricted Stock UnitsF6,F9 | — | Jun 30, 2016 | M | 1,715 | D | — | — | Common Stock | 1,715 | 3,430 | D |
| Restricted Stock UnitsF10,F11 | — | Jun 30, 2016 | M | 2,244 | D | — | — | Common Stock | 2,244 | 6,729 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on December 31, 2012.
- F10Each 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.
- F11The restricted stock units were granted on March 8, 2016. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary date of the grant date. Twelve months of vesting occurred on June 30, 2016, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.
- F2Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 5, 2014.
- F3Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 5, 2015.
- F4Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 8, 2016.
- F5Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F6Each 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.
- F7The restricted stock units were granted on December 31, 2012. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary date of the grant date. Twelve months of vesting occurred on June 30, 2016, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.
- F8The restricted stock units were granted on March 5, 2014. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary date of the grant date. Twelve months of vesting occurred on June 30, 2016, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.
- F9The restricted stock units were granted on March 5, 2015. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary date of the grant date. Twelve months of vesting occurred on June 30, 2016, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.