SEC Form 4 · accession 0001127602-17-024106
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
Jul 21, 2017
Accepted (ET)
Jul 25, 2017 · 4:14 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 | Jul 21, 2017 | M | 8,250 | $0.00 | A | 39,341 | D | |
| Common StockF2 | Jul 21, 2017 | F | 2,946 | $45.15 | D | 36,395 | 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 UnitsF3,F4 | — | Jul 21, 2017 | M | 8,250 | D | — | — | Common Stock | 8,250 | 16,750 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 33% of the restricted stock units granted on November 21, 2016.
- F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F3Each 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.
- F4The restricted stock units were granted on November 21, 2016 pursuant to the retention equity award. These units are scheduled to vest at a rate of 33% on July 21, 2017, 33% on March 21, 2018 and 34% on November 21, 2018.