4//SEC Filing
Kallenbach T.L. 4
Accession 0001127602-12-000918
CIK 0001274494other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:03 PM ET
Size
13.8 KB
Accession
0001127602-12-000918
Insider Transaction Report
Form 4
Kallenbach T.L.
EVP, Marketing & Prod. Mgmt.
Transactions
- Exercise/Conversion
Restricted Stock Units
2011-12-31−1,896→ 0 total→ Common Stock (1,896 underlying) - Exercise/Conversion
Restricted Stock Units
2011-12-31−3,029→ 0 total→ Common Stock (3,029 underlying) - Exercise/Conversion
Common Stock
2011-12-31+1,896→ 9,688 total - Exercise/Conversion
Common Stock
2011-12-31+3,029→ 12,717 total - Tax Payment
Common Stock
2011-12-31$33.76/sh−1,436$48,479→ 11,281 total
Footnotes (7)
- [F1]Represents shares of common stock issued upon accelerated vesting of certain restricted stock units granted on March 22, 2011 pursuant to the terms of the Reporting Person's Employment Agreement
- [F2]Represents shares of common stock issued upon accelerated vesting of certain restricted stock units granted on December 14, 2009 pursuant to the terms of the Reporting Person's Employment Agreement
- [F3]Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- [F4]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 Amended and Restated 2010 Omnibus Incentive Compensation Plan.
- [F5]The restricted stock units were granted on March 22, 2011 as part of the Issuer's annual equity grant to executive officers. The units were scheduled to vest annually at a rate of 25% on each of the four anniversaries of the grant date. Twelve months of vesting occurred on December 31, 2011, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.
- [F6]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 Amended and Restated 2006 Omnibus Incentive Compensation Plan.
- [F7]The restricted stock units were granted on December 14, 2009 pursuant to the Reporting Person's Employment Agreement. The units were scheduled to vest annually at a rate of 20% on each of the first three anniversaries of the grant date, and 40% on the fourth anniversary of the grant date. Twelve months of vesting occurred on December 31, 2011, the effective date of the Reporting Person's termination of employment with the Issuer, pursuant to the terms of the Reporting Person's Employment Agreement.
Documents
Issuer
FIRST SOLAR, INC.
CIK 0001274494
Entity typeother
Related Parties
1- filerCIK 0001478847
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:03 PM ET
- Size
- 13.8 KB