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$286.61/sh−200$57,322→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.69/sh−100$28,669→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.74/sh−200$57,348→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.75/sh−100$28,675→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.76/sh−100$28,676→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+200$412→ 200 total
Sale
Common Stock
[F1]
2008-06-24$286.80/sh−200$57,360→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.84/sh−100$28,684→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+130$268→ 130 total
Sale
Common Stock
[F1]
2008-06-24$286.94/sh−130$37,302→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$286.96/sh−100$28,696→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$287.00/sh−100$28,700→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+70$144→ 70 total
Sale
Common Stock
[F1]
2008-06-24$287.01/sh−70$20,091→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+50$103→ 50 total
Sale
Common Stock
[F1]
2008-06-24$287.04/sh−50$14,352→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+50$103→ 50 total
Sale
Common Stock
[F1]
2008-06-24$287.14/sh−50$14,357→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$287.19/sh−100$28,719→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$287.20/sh−100$28,720→ 0 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−200→ 346,500 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→ 346,400 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→ 346,200 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (200 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 346,100 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→ 346,000 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→ 345,800 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→ 345,700 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−130→ 345,570 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (130 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 345,470 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→ 345,370 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−70→ 345,300 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (70 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−50→ 345,250 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (50 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−50→ 345,200 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (50 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 345,100 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→ 345,000 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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