SEC Form 4 · accession 0001127602-16-061914
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Alton Hughes
Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:00 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 | Sep 1, 2016 | M | 18,587 | $0.00 | A | 105,327 | D | |
| Common StockF2 | Sep 1, 2016 | M | 8,598 | $0.00 | A | 113,925 | D | |
| Common StockF3 | Sep 1, 2016 | M | 8,109 | $0.00 | A | 122,034 | D | |
| Common StockF4 | Sep 1, 2016 | M | 10,469 | $0.00 | A | 132,503 | D | |
| Common StockF5 | Sep 1, 2016 | F | 7,798 | $38.44 | D | 124,705 | D | |
| Common StockF5 | Sep 1, 2016 | F | 3,607 | $38.44 | D | 121,098 | D | |
| Common StockF5 | Sep 1, 2016 | F | 3,402 | $38.44 | D | 117,696 | D | |
| Common StockF5 | Sep 1, 2016 | F | 4,392 | $38.44 | D | 113,304 | 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 | — | Sep 1, 2016 | M | 18,587 | D | — | — | Common Stock | 18,587 | 0 | D |
| Restricted Stock UnitsF6,F8 | — | Sep 1, 2016 | M | 8,598 | D | — | — | Common Stock | 8,598 | 0 | D |
| Restricted Stock UnitsF6,F9 | — | Sep 1, 2016 | M | 8,109 | D | — | — | Common Stock | 8,109 | 0 | D |
| Restricted Stock UnitsF10,F11 | — | Sep 1, 2016 | M | 10,469 | D | — | — | Common Stock | 10,469 | 0 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 13, 2013.
- 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 of the grant date. Twelve months of vesting occurred on September 1, 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 March 13, 2013. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date. Twelve months of vesting occurred on September 1, 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 of the grant date. Twelve months of vesting occurred on September 1, 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 of the grant date. Twelve months of vesting occurred on September 1, 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.