Filing Details
- Accession Number:
- 0001127602-10-020565
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2010-08-03 13:00:00
- Reporting Period:
- 2010-07-30
- Filing Date:
- 2010-08-03
- Accepted Time:
- 2010-08-03 18:21:15
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1274494 | First Solar Inc. | FSLR | Semiconductors & Related Devices (3674) | 204623678 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1256953 | Jens Meyerhoff | C/O First Solar, Inc. 350 West Washington Street Suite 600 Tempe AZ 85281-1244 | Cfo, Pres, Util. Sys. Bus. | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2010-07-30 | 3,500 | $0.00 | 12,210 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-07-30 | 1,455 | $125.45 | 10,755 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2010-08-02 | 7,500 | $20.00 | 18,255 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2010-08-02 | 7,500 | $126.41 | 10,755 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2010-07-30 | 3,500 | $0.00 | 3,500 | $0.00 |
| Common Stock | Non-Qualified Stock Options (Right to Buy) | Disposition | 2010-08-02 | 7,500 | $0.00 | 7,500 | $20.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,000 | No | 4 | M | Direct | ||
| 38,751 | 2013-11-16 | No | 4 | M | Direct |
Footnotes
- Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on July 30, 2007.
- Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- A total of 7,500 shares were sold on this date in multiple transactions at prices ranging from $126.20 to $126.59, with a total weighted average sale price of $126.41. 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.
- 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.
- 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.
- 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.
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