SEC Form 4 · accession 0001127602-18-011002
FIRST SOLAR, INC. · FSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Georges Antoun
Officer — Chief Commercial Officer
Period of report
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 5:14 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 7, 2018 | M | 7,662 | $0.00 | A | 86,012 | D | |
| Common StockF2 | Mar 7, 2018 | F | 3,222 | $67.95 | D | 82,790 | D | |
| Common Stock | Mar 7, 2018 | S | 1,220 | $68.25 | D | 81,570 | D | |
| Common StockF4 | Mar 8, 2018 | M | 4,158 | $0.00 | A | 85,728 | D | |
| Common StockF2 | Mar 8, 2018 | F | 1,749 | $67.69 | D | 83,979 | 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 UnitsF5,F6 | — | Mar 7, 2018 | M | 7,662 | D | — | — | Common Stock | 7,662 | 22,985 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 8, 2018 | M | 4,158 | D | — | — | Common Stock | 4,158 | 8,314 | D |
Explanation of responses
- F1Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 7, 2017.
- 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 December 11, 2017.
- F4Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 8, 2016.
- F5Each 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.
- F6The restricted stock units were granted on March 7, 2017 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.
- F7The restricted stock units were granted on March 8, 2016 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.