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FSLR First Solar Inc

177.73
-3.10 (-1.71%)
Last Updated: 20:49:39
Delayed by 15 minutes
Share Name Share Symbol Market Type
First Solar Inc NASDAQ:FSLR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.10 -1.71% 177.73 177.66 177.80 180.22 176.49 178.35 932,286 20:49:39

Statement of Changes in Beneficial Ownership (4)

07/04/2015 9:08pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Widmar Mark R
2. Issuer Name and Ticker or Trading Symbol

FIRST SOLAR, INC. [ FSLR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Financial Officer/CAO
(Last)          (First)          (Middle)

C/O FIRST SOLAR, INC., 350 WEST WASHINGTON STREET, SUITE 600
3. Date of Earliest Transaction (MM/DD/YYYY)

4/4/2015
(Street)

TEMPE, AZ 85281-1244
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   4/4/2015     M    3744   (1) A $0   35464   D    
Common Stock   4/4/2015     F    1728   (2) D $61.19   33736   D    
Common Stock   4/4/2015     M    14462   (3) A $0   48198   D    
Common Stock   4/4/2015     F    6675   (2) D $61.19   41523   D    
Common Stock   4/4/2015     M    9940   (4) A $0   51463   D    
Common Stock   4/4/2015     F    4588   (2) D $61.19   46875   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (5) 4/4/2015     M         3744      (6)   (6) Common Stock   3744   $0   0   D    
Restricted Stock Units     (5) 4/4/2015     M         14462      (7)   (7) Common Stock   14462   $0   14461   D    
Restricted Stock Units     (5) 4/4/2015     M         9940      (8)   (8) Common Stock   9940   $0   9940   D    

Explanation of Responses:
( 1)  Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2011.
( 2)  Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
( 3)  Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2012.
( 4)  Represents shares of common stock issued upon vesting of 20% of the restricted stock units granted on April 4, 2012.
( 5)  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 2010 Omnibus Incentive Compensation Plan.
( 6)  The restricted stock units were granted on April 4, 2011 pursuant to the Reporting Person's Employment Agreement. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
( 7)  The restricted stock units were granted on April 4, 2012 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
( 8)  The restricted stock units were granted on April 4, 2012 for retention purposes. The units are scheduled to vest annually from the grant date at a rate of 40% on the first anniversary of the grant date, with 20% scheduled to vest on each of the remaining three anniversaries of the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Widmar Mark R
C/O FIRST SOLAR, INC.
350 WEST WASHINGTON STREET, SUITE 600
TEMPE, AZ 85281-1244


Chief Financial Officer/CAO

Signatures
/s/ Peter C. Bartolino, Attorney-in-fact 4/7/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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