4//SEC Filing
Gaffney John T 4
Accession 0001127602-09-024245
CIK 0001274494other
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 5:19 PM ET
Size
15.3 KB
Accession
0001127602-09-024245
Insider Transaction Report
Form 4
Gaffney John T
Executive VP
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-12-01−17,032→ 0 total→ Common Stock (17,032 underlying) - Tax Payment
Common Stock
2009-12-01$122.02/sh−620$75,652→ 18,722 total - Exercise/Conversion
Restricted Stock Units
2009-12-01−1,282→ 0 total→ Common Stock (1,282 underlying) - Exercise/Conversion
Common Stock
2009-12-01+17,032→ 26,304 total - Tax Payment
Common Stock
2009-12-01$122.02/sh−8,244$1,005,933→ 18,060 total - Exercise/Conversion
Common Stock
2009-12-01+1,282→ 19,342 total
Footnotes (6)
- [F1]Represents shares of common stock issued upon accelerated vesting of the restricted stock units granted on December 31, 2007 pursuant to the terms of the Reporting Person's Employment Agreement.
- [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 accelerated vesting of the restricted stock units granted on April 27, 2009 pursuant to the terms of the Reporting Person's Employment Agreement.
- [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 2006 Omnibus Incentive Plan.
- [F5]The restricted stock units were granted on December 31, 2007. The units were scheduled to vest quarterly at a rate of approximately 1,310 shares each quarter until December 31, 2012. All unvested shares became fully vested as of December 1, 2009, 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]The restricted stock units were granted on April 27, 2009 as part of the Issuer's annual equity grant to executive officers. 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 1, 2009, 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 0001424440
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 5:19 PM ET
- Size
- 15.3 KB