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FIRST SOLAR, INC. Director's Dealing 2010

Mar 26, 2010

30228_dirs_2010-03-26_230b49c2-fa10-41f9-ad36-dfc2a513c7e7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST SOLAR, INC. (FSLR)
CIK: 0001274494
Period of Report: 2010-03-24

Reporting Person: Zhu James (Chief Accounting Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-03-24 Restricted Stock Units $ A 5005 Acquired Common Stock (5005) Direct

Footnotes

F1: Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock in accordance with the Issuer's Amended and Restated 2006 Omnibus Incentive Plan.

F2: The restricted stock units were granted on March 24, 2010 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 20% on each of the first thee anniversaries of the grant date, with the remaining 40% scheduled to vest on the fourth anniversary of the grant date.