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+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$290.54/sh−100$29,054→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$290.67/sh−100$29,067→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+65$134→ 65 total
Sale
Common Stock
[F1]
2008-06-24$290.69/sh−65$18,895→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$290.71/sh−100$29,071→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$290.74/sh−100$29,074→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$291.06/sh−100$29,106→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$291.22/sh−100$29,122→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$291.52/sh−100$29,152→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$291.68/sh−100$29,168→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$291.76/sh−100$29,176→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$292.07/sh−100$29,207→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$292.47/sh−100$29,247→ 0 total
Exercise/Conversion
Common Stock
2008-06-24$2.06/sh+100$206→ 100 total
Sale
Common Stock
[F1]
2008-06-24$292.73/sh−100$29,273→ 0 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 337,965 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→ 337,865 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−65→ 337,800 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (65 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 337,700 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 337,600 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 337,500 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→ 337,400 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 337,300 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→ 337,200 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→ 337,100 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→ 337,000 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 336,900 total
Exercise: $2.06Exp: 2013-12-08→ Common Stock (100 underlying)
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]
2008-06-24−100→ 336,800 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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