SEC Form 4 · accession 0001127602-17-010605
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul J Kaleta
Officer — EVP, Genl Counsel & Secretary
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 4:30 pm EST
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 3, 2017 | M | 3,127 | $0.00 | A | 26,823 | D | |
| Common StockF2 | Mar 5, 2017 | M | 2,591 | $0.00 | A | 29,414 | D | |
| Common StockF3 | Mar 3, 2017 | F | 1,015 | $34.61 | D | 28,399 | D | |
| Common StockF3 | Mar 5, 2017 | F | 841 | $34.61 | D | 27,558 | 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 | — | Mar 3, 2017 | M | 3,127 | D | — | — | Common Stock | 3,127 | 3,127 | D |
| Restricted Stock UnitsF4,F6 | — | Mar 5, 2017 | M | 2,591 | D | — | — | Common Stock | 2,591 | 5,182 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 3, 2014.
- F2Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 5, 2015.
- F3Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- 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 March 3, 2014 pursuant to the Reporting Person's Employment Agreement. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, beginning March 3, 2015.
- F6The restricted stock units were granted on March 5, 2015 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.