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FIRST SOLAR, INC. — Director's Dealing 2010
Aug 18, 2010
30228_dirs_2010-08-18_181a18d1-28ba-40ac-93bb-2c0b37468bac.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: 2010-08-16
Reporting Person: MEYERHOFF JENS (CFO, Pres, Util. Sys. Bus.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-16 | Common Stock | M | 1800 | — | Acquired | 12555 | Direct |
| 2010-08-16 | Common Stock | F | 748 | $125.05 | Disposed | 11807 | Direct |
| 2010-08-17 | Common Stock | M | 5000 | $20.00 | Acquired | 16807 | Direct |
| 2010-08-17 | Common Stock | S | 3800 | $125.30 | Disposed | 13007 | Direct |
| 2010-08-17 | Common Stock | S | 800 | $126.25 | Disposed | 12207 | Direct |
| 2010-08-17 | Common Stock | S | 400 | $127.41 | Disposed | 11807 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-16 | Restricted Stock Units | $ | M | 1800 | Disposed | Common Stock (1800) | Direct | |
| 2010-08-17 | Non-Qualified Stock Options (Right to Buy) | $20.00 | M | 5000 | Disposed | 2013-11-16 | Common Stock (5000) | Direct |
Footnotes
F1: Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on August 16, 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 $125.13 to $125.95. 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 $126.37. The price reported above reflects the weighted average sale price for the transactions reported on this line.
F6: A total of 5,000 shares were sold on this date in multiple transactions at prices ranging from $125.13 to $127.41, with a total weighted average sale price of $125.62. 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.
F7: 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 2006 Omnibus Incentive Compensation Plan.
F8: The restricted stock units were granted on August 16, 2007. 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.
F9: This option to purchase 187,501 shares vested with respect to 20% of the underlying shares on June 1, 2007, and has vested or will vest ratably each month during the 48 month period thereafter, subject to Mr. Meyerhoff's continued employment with the Issuer.