SEC Form 4 · accession 0001127602-16-059788
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Alton Hughes
Director
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 8:01 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,F2 | Aug 4, 2016 | S | 154,852 | $44.53 | D | 201,577 | D | |
| Common StockF3 | Aug 4, 2016 | J | 89,241 | $0.00 | D | 112,336 | D | |
| Common StockF5 | Aug 5, 2016 | S | 25,596 | $43.80 | D | 86,740 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock sold by the reporting person to satisfy certain tax withholding obligations associated with the issuance of common stock relating to the vesting of KSTEPP performance units, as described in the Form 4 filed by the reporting person with the Securities and Exchange Commission on July 25, 2016. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 11, 2014.
- F2This transaction was executed in multiple trades at prices ranging from $42.78 to $49.48. The price reported above reflects the weighted average sales price for the transactions reported on this line.
- F3Represents shares transferred to the reporting person's ex-spouse pursuant to a divorce decree. The securities owned by the ex-spouse are not beneficially owned by the reporting person. Half of the shares issued pursuant to vesting of the performance units grant (subsequent to the sale of shares to satisfy certain tax withholding obligations associated with the vesting of the performance units) are required to be transferred to the reporting person's ex-spouse pursuant to the divorce decree.
- F4This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on May 25, 2016.
- F5This transaction was executed in multiple trades at prices ranging from $43.29 to $44.27. The price reported above reflects the weighted average sale price for the transactions reported on this line.