FIRST SOLAR, INC. — Director's Dealing 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST SOLAR, INC. (FSLR)
CIK: 0001274494
Period of Report: 2010-12-14

Reporting Person: Kallenbach T.L. (EVP, Marketing & Prod. Mgmt.)

Non-Derivative Transactions

Derivative Transactions

Footnotes

F1: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.

F2: Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

F3: The units are scheduled to vest annually from the grant date at a rate of 20% on each of the first three anniversaries of the grant date, with the remaining 40% scheduled to vest on the fourth anniversary of the grant date.