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FIRST SOLAR, INC. Director's Dealing 2010

Apr 29, 2010

30228_dirs_2010-04-29_ff964f9e-c762-4baa-adfe-b2bda5e3d91b.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: 2010-04-27

Reporting Person: Gustafsson Mary Elizabeth (EVP, General Counsel, Secty.)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-04-27 Common Stock M 1539 Acquired 2475 Direct
2010-04-27 Common Stock F 619 $128.36 Disposed 1856 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-04-27 Restricted Stock Units $ M 1539 Disposed Common Stock (1539) Direct

Footnotes

F1: Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on April 27, 2009.

F2: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.

F3: 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.

F4: The restricted stock units were granted on April 27, 2009 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 three anniversaries of the grant date, and 40% on the fourth anniversary of the grant date.