Kallenbach T.L. 4
4 · FIRST SOLAR, INC. · Filed Dec 16, 2010
Insider Transaction Report
Form 4
Kallenbach T.L.
EVP, Marketing & Prod. Mgmt.
Transactions
- Exercise/Conversion
Common Stock
2010-12-14+3,030→ 5,530 total - Exercise/Conversion
Restricted Stock Units
2010-12-14−3,030→ 12,117 total→ Common Stock (3,030 underlying) - Tax Payment
Common Stock
2010-12-14$137.04/sh−884$121,143→ 4,646 total
Footnotes (3)
- [F1]Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- [F2]Each restricted stock unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
- [F3]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.