Gaffney John T 4
4 · FIRST SOLAR, INC. · Filed Jan 5, 2009
Insider Transaction Report
Form 4
Gaffney John T
Executive VP
Transactions
- Exercise/Conversion
Common Stock
2008-12-31+1,310→ 7,649 total - Disposition to Issuer
Common Stock
2008-12-31$137.96/sh−574$79,189→ 7,075 total - Exercise/Conversion
Restricted Stock Units
2008-12-31−1,310→ 20,963 total→ Common Stock (1,310 underlying)
Footnotes (5)
- [F1]Represents shares of common stock issued upon vesting of 1/20th of the restricted stock units granted on December 31, 2007.
- [F2]Represents shares of common stock withheld by First Solar, Inc. to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- [F3]Each restricted stock unit represents the right to receive, following vesting, one share of First Solar, Inc. common stock.
- [F4]The units are scheduled to vest in 20 equal quarterly installments commencing on March 31, 2008.
- [F5]Upon termination of Mr Gaffney's employment for cause, all units which have not vested at the date of termination shall be forfeited, except as otherwise determined by the compensation committee.