SEC Form 4 · accession 0001127602-19-010791
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
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 4:18 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 | Mar 7, 2019 | M | 5,363 | $0.00 | A | 13,296 | D | |
| Common StockF2 | Mar 7, 2019 | F | 2,855 | $50.36 | D | 10,441 | D | |
| Common StockF3 | Mar 8, 2019 | M | 972 | $0.00 | A | 11,413 | D | |
| Common StockF2 | Mar 8, 2019 | F | 518 | $51.16 | D | 10,895 | D | |
| Common StockF4 | Mar 8, 2019 | S | 754 | $49.67 | D | 10,141 | 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, 2019 | M | 5,363 | D | — | — | Common Stock | 5,363 | 10,726 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 8, 2019 | M | 972 | D | — | — | Common Stock | 972 | 972 | 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.
- F3Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 8, 2016.
- F4This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on May 30, 2018.
- 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. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.