Brown James G. Jr. 4
4 · FIRST SOLAR, INC. · Filed Apr 8, 2013
Insider Transaction Report
Form 4
Brown James G. Jr.
President, Util. Sys. Bus.
Transactions
- Tax Payment
Common Stock
2013-04-04$26.46/sh−2,102$55,619→ 9,083 total - Exercise/Conversion
Restricted Stock Units
2013-04-04−5,684→ 17,050 total→ Common Stock (5,684 underlying) - Tax Payment
Common Stock
2013-04-04$26.46/sh−3,831$101,368→ 15,616 total - Exercise/Conversion
Restricted Stock Units
2013-04-04−10,364→ 15,545 total→ Common Stock (10,364 underlying) - Exercise/Conversion
Common Stock
2013-04-04+5,684→ 11,185 total - Exercise/Conversion
Common Stock
2013-04-04+10,364→ 19,447 total
Footnotes (6)
- [F1]Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on April 4, 2012.
- [F2]Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of the restricted stock units.
- [F3]Represents shares of common stock issued upon vesting of 40% of the restricted stock units granted on April 4, 2012.
- [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 2010 Omnibus Incentive Compensation Plan.
- [F5]The restricted stock units were granted on April 4, 2012 as part of the issuer's annual equity grant to executive officers. These units are scheduled to vest at a rate of 25% per year, commencing on the first anniversary of the grant date.
- [F6]The restricted stock units were granted on April 4, 2012 for retention purposes. The units are scheduled to vest annually from the grant date at a rate of 40% on the first anniversary of the grant date, with 20% scheduled to vest on each of the remaining three anniversaries of the grant date.