SEC Form 4 · accession 0001127602-17-025247
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander R. Bradley
Officer — Chief Financial Officer
Period of report
Aug 5, 2017
Accepted (ET)
Aug 8, 2017 · 4:39 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 | Aug 5, 2017 | M | 963 | $0.00 | A | 963 | D | |
| Common StockF2 | Aug 5, 2017 | F | 397 | $47.98 | D | 566 | D | |
| Common Stock | Aug 8, 2017 | S | 566 | $48.66 | D | 0 | 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 | — | Aug 5, 2017 | M | 963 | D | — | — | Common Stock | 963 | 1,926 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on August 5, 2015.
- F2Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
- F3This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on May 30, 2017.
- 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 2015 Omnibus Incentive Compensation Plan.
- F5The restricted stock units were granted on August 5, 2015 as a performance recognition grant. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.