Statement of Changes in Beneficial Ownership (4)
March 10 2020 - 4:13PM
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bradley Alexander R. |
2. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC.
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FSLR
]
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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 |
(Last)
(First)
(Middle)
C/O FIRST SOLAR, INC., 350 WEST WASHINGTON STREET, SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/6/2020 |
(Street)
TEMPE, AZ 85281-1244
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/6/2020 | | M | | 2409 (1) | A | $0 | 22003 | D | |
Common Stock | 3/6/2020 | | F | | 991 (2) | D | $43.37 | 21012 | D | |
Common Stock | 3/6/2020 | | M | | 3650 (3) | A | $0 | 24662 | D | |
Common Stock | 3/6/2020 | | F | | 1623 (2) | D | $43.37 | 23039 | D | |
Common Stock | 3/7/2020 | | M | | 5363 (4) | A | $0 | 28402 | D | |
Common Stock | 3/7/2020 | | F | | 2384 (2) | D | $43.37 | 26018 | D | |
Common Stock | 3/8/2020 | | M | | 972 (5) | A | $0 | 26990 | D | |
Common Stock | 3/8/2020 | | F | | 433 (2) | D | $43.37 | 26557 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 | (6) | 3/6/2020 | | M | | | 2409 | (7) | (7) | Common Stock | 2409 | $0 | 4818 | D | |
Restricted Stock Units | (6) | 3/6/2020 | | M | | | 3650 | (8) | (8) | Common Stock | 3650 | $0 | 10950 | D | |
Restricted Stock Units | (6) | 3/7/2020 | | M | | | 5363 | (9) | (9) | Common Stock | 5363 | $0 | 5363 | D | |
Restricted Stock Units | (6) | 3/8/2020 | | M | | | 972 | (10) | (10) | Common Stock | 972 | $0 | 0 | D | |
Restricted Stock Units | (6) | 3/6/2020 | | A | | 16141 | | (11) | (11) | Common Stock | 16141 | $0 | 16141 | D | |
Explanation of Responses: |
(1) | Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2018. |
(2) | Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations 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 March 6, 2019. |
(4) | Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 7, 2017. |
(5) | Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 8, 2016. |
(6) | 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 2015 Omnibus Incentive Compensation Plan. |
(7) | The restricted stock units were granted on March 6, 2018 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. |
(8) | The restricted stock units were granted on March 6, 2019 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. |
(9) | The restricted stock units were granted on March 7, 2017 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. |
(10) | The restricted stock units were granted on March 8, 2016. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date. |
(11) | The restricted stock units were granted on March 6, 2020 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bradley Alexander R. C/O FIRST SOLAR, INC. 350 WEST WASHINGTON STREET, SUITE 600 TEMPE, AZ 85281-1244 |
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| Chief Financial Officer |
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Signatures
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/s/ Jason E. Dymbort, attorney-in-fact | | 3/10/2020 |
**Signature of Reporting Person | Date |
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