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FIRST SOLAR, INC. — Director's Dealing 2010
Aug 3, 2010
30228_dirs_2010-08-03_ef624257-7e41-4503-bed7-286d273e3961.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: 2010-07-30
Reporting Person: Eaglesham David J (Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-07-30 | Common Stock | M | 1100 | — | Acquired | 3044 | Direct |
| 2010-07-30 | Common Stock | F | 462 | $125.45 | Disposed | 2582 | Direct |
| 2010-08-02 | Common Stock | M | 10881 | $20.00 | Acquired | 13463 | Direct |
| 2010-08-02 | Common Stock | S | 2500 | $125.87 | Disposed | 10963 | Direct |
| 2010-08-02 | Common Stock | S | 8081 | $126.47 | Disposed | 2882 | Direct |
| 2010-08-02 | Common Stock | S | 300 | $127.24 | Disposed | 2582 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-07-30 | Restricted Stock Units | $ | M | 1100 | Disposed | Common Stock (1100) | Direct | |
| 2010-08-02 | Non-Qualified Stock Options (Right to Buy) | $20.00 | M | 10881 | Disposed | 2013-11-16 | Common Stock (10881) | Direct |
Footnotes
F1: Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on July 30, 2007.
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: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
F4: This transaction was executed in multiple trades at prices ranging from $125.17 to $126.16. The price reported above reflects the weighted average sale price for the transactions reported on this line.
F5: This transaction was executed in multiple trades at prices ranging from $126.17 to $127.07. The price reported above reflects the weighted average sale price for the transactions reported on this line.
F6: This transaction was executed in multiple trades at prices ranging from $127.18 to $127.34. The price reported above reflects the weighted average sale price for the transactions reported on this line.
F7: A total of 10,881 shares were sold on this date in multiple transactions at prices ranging from $125.17 to $127.34, with a total weighted average sale price of $126.36. The reporting person undertakes to provide upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F8: 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.
F9: The restricted stock units were granted on July 30, 2007 as part of the Issuer's annual equity grant to executive officers. 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.
F10: The option was granted on November 16, 2006. The option becomes exercisable with respect to 3,627 shares monthly until June 1, 2011.