Schultz Kenneth M 4

4 · FIRST SOLAR, INC. · Filed Jun 26, 2008

Insider Transaction Report

Form 4

Period: 2008-06-24

FIRST SOLAR, INC.FSLR

Schultz Kenneth M

Executive Vice President

Transactions

Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.31/sh−200$57,262→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.34/sh−100$28,634→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.40/sh−200$57,280→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.41/sh−200$57,282→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.44/sh−200$57,288→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.44/sh−100$28,645→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.45/sh−200$57,290→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.47/sh−100$28,647→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.48/sh−200$57,296→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.50/sh−100$28,650→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.52/sh−100$28,652→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.54/sh−100$28,654→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.55/sh−100$28,655→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.59/sh−200$57,318→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.60/sh−100$28,660→ 0 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 348,700 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 348,600 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 348,400 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 348,200 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 348,000 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,900 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 347,700 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,600 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 347,400 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,300 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,200 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,100 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 347,000 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 346,800 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 346,700 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)

Footnotes (2)

[F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
[F2]All of the underlying shares in respect of the option are fully vested.

Signature

/s/ I. Paul Kacir, Attorney-in-Fact|2008-06-26

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