SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 2)*
First Solar,
Inc.
(Name of Issuer)
Common Stock
(Title of
Class of Securities)
336433107
(CUSIP Number)
Brad
Nelson
191 University Blvd, Suite 246
Denver, Colorado 80206
(239) 970-4085
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 21, 2020
(Date of Event Which Requires Filing of This Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1
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NAMES OF
REPORTING PERSONS
Farhad Fred Ebrahimi
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PF
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United
States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0 shares
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8
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SHARED VOTING POWER
8,210,854 shares
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9
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SOLE DISPOSITIVE POWER
0 shares
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10
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SHARED DISPOSITIVE POWER
8,210,854 shares
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,210,854 shares
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
7.79%
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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- 2 -
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1
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NAMES OF
REPORTING PERSONS
Mary Wilkie Ebrahimi
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (See Instructions)
(a) ☐ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (See Instructions)
PF
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
United
States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0 shares
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8
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SHARED VOTING POWER
8,210,854 shares
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9
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SOLE DISPOSITIVE POWER
0 shares
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10
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SHARED DISPOSITIVE POWER
8,210,854 shares
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,210,854 shares
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (See Instructions)
☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
7.79%
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14
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TYPE OF REPORTING PERSON (See
Instructions)
IN
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- 3 -
Schedule 13D
This Amendment No. 2 to Schedule 13D amends the Schedule 13D filed on April 9, 2018, as amended by Amendment No. 1 to Schedule
13D filed on June 13, 2018.
ITEM 1.
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SECURITY AND ISSUER.
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This statement relates to the common stock, $0.001 par value per share, of First Solar, Inc., a corporation organized under the laws of the
State of Delaware, with its principal executive offices at 350 West Washington Street, Suite 600, Tempe, Arizona 85281.
ITEM 2.
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IDENTITY AND BACKGROUND.
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(a) This statement is being filed by Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi (the Reporting Persons).
(b) 191 University Blvd, Suite 246, Denver, Colorado 80206.
(c) Farhad Fred Ebrahimi is a private investor, and Mary Wilkie Ebrahimi is not employed.
(d) Neither of the Reporting Persons has, during the last five years, been convicted in any criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) Neither of the Reporting Persons has, during the last five years, been party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result of such proceeding become (or remain) subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal
or state securities law, or finding any violation with respect to such laws.
(f) United States.
ITEM 3.
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SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
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The reporting persons paid $95,500,381 from personal funds to acquire the Common Stock.
ITEM 4.
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PURPOSE OF TRANSACTION.
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The Reporting Persons have purchased Common Stock in the open market for investment purposes.
The Reporting Persons may make additional purchases of Common Stock or other securities of the Issuer, either in the open market or in private
transactions, depending on their evaluation of the Issuers business, prospects and financial condition, the market for the Common Stock or other securities, other opportunities available to them, general economic conditions, money and stock
market conditions, and other future developments. Depending on these same factors, the Reporting Persons may decide to sell all or part of their investment in the Issuers Common Stock.
- 4 -
Except as set forth above, none of the Reporting Persons has any present plans which relate to or
would result in:
(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the
Issuer;
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of the
Issuer;
(f) Any other material change in the Issuers business or corporate structure;
(g) Changes in the Issuers charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange
or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;
(i) A
class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
The Reporting Persons reserve the right, subject to applicable law, to review or reconsider their position, change their purpose, take other
actions (including actions that could involve one or more of the types of transactions or have one or more of the results described in (a) through (j) above, or formulate and implement plans or proposals with respect to any of the foregoing.
ITEM 5.
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INTEREST IN SECURITIES OF THE ISSUER.
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(a) Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi jointly hold 8,210,854 of the Issuers Common Stock. Based on the number of shares
reported as outstanding in the Issuers 10-K, filed with the Securities Exchange Commission on February 21, 2020, this represents 7.79% of the outstanding Common Stock of the Issuer.
- 5 -
(b) Number of shares as to which Farhad Fred Ebrahimi and Mary Wilkie Ebrahimi have:
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(i)
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sole power to vote or to direct the vote: 0 shares
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(ii)
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shared power to vote or to direct the vote: 8,210,854 shares
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(iii)
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sole power to dispose or to direct the disposition of: 0 shares
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(iv)
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shared power to vote or to direct the vote: 8,210,854 shares
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(c) The following transactions have been effected by the Reporting Persons in the last 60 days or since their last 13D:
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Date of
Transaction
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Type of Transaction
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Quantity
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Price per Share
(in US Dollars)
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12/27/2019
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Sale of Common Stock
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27,720
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$
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58.00
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12/27/2019
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Purchase of Common Stock
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105,000
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$
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57.42
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1/15/2020
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Purchase of Common Stock
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25,000
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$
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55.86
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1/15/2020
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Purchase of Common Stock
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100,000
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$
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53.51
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1/17/2020
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Purchase of Common Stock
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27,300
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$
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52.92
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1/17/2020
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Purchase of Common Stock
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200,000
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$
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53.80
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1/17/2020
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Purchase of Common Stock
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400,000
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$
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54.08
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1/17/2020
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Purchase of Common Stock
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137,900
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$
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54.97
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1/17/2020
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Purchase of Common Stock
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200,000
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$
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53.88
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1/31/2020
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Purchase of Common Stock
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200,000
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$
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49.83
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2/21/2020
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Purchase of Common Stock
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100,000
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$
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52.75
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2/21/2020
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Purchase of Common Stock
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4
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$
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50.52
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2/21/2020
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Purchase of Common Stock
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518
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$
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50.53
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2/21/2020
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Purchase of Common Stock
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12,060
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$
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50.54
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2/21/2020
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Purchase of Common Stock
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50,000
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$
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50.50
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2/21/2020
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Purchase of Common Stock
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300
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$
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50.51
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- 6 -
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Date of
Transaction
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Type of Transaction
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Quantity
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Price per Share
(in US Dollars)
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2/21/2020
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Purchase of Common Stock
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11,206
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$
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50.56
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2/21/2020
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Purchase of Common Stock
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500
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$
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50.58
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2/21/2020
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Purchase of Common Stock
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500
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$
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50.58
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2/21/2020
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Purchase of Common Stock
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1,026
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$
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50.58
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2/21/2020
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Purchase of Common Stock
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11,826
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$
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50.58
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2/21/2020
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Purchase of Common Stock
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1,520
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$
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50.59
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2/21/2020
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Purchase of Common Stock
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83,728
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$
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50.59
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2/21/2020
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Purchase of Common Stock
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900
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$
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50.57
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2/21/2020
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Purchase of Common Stock
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4,752
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$
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50.57
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2/21/2020
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Purchase of Common Stock
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7,085
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$
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50.57
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2/21/2020
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Purchase of Common Stock
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88,163
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$
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50.58
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2/21/2020
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Purchase of Common Stock
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20,319
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$
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50.51
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2/21/2020
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Purchase of Common Stock
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2,700
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$
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50.13
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2/21/2020
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Purchase of Common Stock
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5,300
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$
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50.44
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All of these transactions were effected by the Reporting Persons through Fidelity Investments online brokerage.
(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale
of the shares beneficially owned by any of the Reporting Persons.
(e) Not applicable
ITEM 6.
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CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES
OF THE ISSUER.
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Not applicable.
- 7 -
ITEM 7.
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MATERIAL TO BE FILED AS EXHIBITS.
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Exhibit A - Power of Attorney
Exhibit B - Power of Attorney
Exhibit C - Agreement regarding filing of joint Schedule 13D.
- 8 -
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 25, 2020
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By:
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*
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Name:
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Farhad Fred Ebrahimi
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By:
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**
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Name:
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Mary Wilkie Ebrahimi
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*By
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/s/ Brad Nelson
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Brad Nelson as Attorney-in-Fact
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**By:
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/s/ Brad Nelson
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Brad Nelson as Attorney-in-Fact
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*
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This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit A.
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**
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This Schedule 13D was executed by Brad Nelson pursuant to a Power of Attorney referenced in Exhibit B.
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- 9 -
EXHIBIT INDEX
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Exhibit A -
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Power of Attorney incorporated by reference to Exhibit A to the Schedule 13D filed on April 9, 2018.
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Exhibit B -
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Power of Attorney incorporated by reference to Exhibit B to the Schedule 13D filed on April 9, 2018.
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Exhibit C -
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Agreement regarding filing of joint Schedule 13D incorporated by reference to Exhibit C to the Schedule 13D filed on April 9, 2018.
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- 10 -
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