Sec Form 4 Filing - Verma Kuntal Kumar @ FIRST SOLAR, INC. - 2021-03-06

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Verma Kuntal Kumar
2. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC. [ FSLR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Mfg. Engineering Officer
(Last) (First) (Middle)
C/O FIRST SOLAR, INC., 350 WEST WASHINGTON STREET, SUITE 600
3. Date of Earliest Transaction (MM/DD/YY)
03/06/2021
(Street)
TEMPE, AZ85281-1244
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/06/2021 M 556 ( 1 ) A $ 0 556 D
Common Stock 03/06/2021 F 239 ( 2 ) D $ 73.7 317 D
Common Stock 03/06/2021 M 1,460 ( 3 ) A $ 0 1,777 D
Common Stock 03/06/2021 F 626 ( 2 ) D $ 73.7 1,151 D
Common Stock 03/06/2021 M 1,730 ( 4 ) A $ 0 2,881 D
Common Stock 03/06/2021 F 742 ( 2 ) D $ 73.7 2,139 D
Common Stock 03/07/2021 M 1,149 ( 5 ) A $ 0 3,288 D
Common Stock 03/07/2021 F 493 ( 2 ) D $ 73.7 2,795 D
Common Stock 03/08/2021( 6 ) S 2,795 D $ 73.57 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 7 ) 03/06/2021 M 556 ( 8 ) ( 8 ) Common Stock 556 $ 0 556 D
Restricted Stock Units ( 7 ) 03/06/2021 M 1,460 ( 9 ) ( 9 ) Common Stock 1,460 $ 0 2,920 D
Restricted Stock Units ( 7 ) 03/06/2021 M 1,730 ( 10 ) ( 10 ) Common Stock 1,730 $ 0 5,188 D
Restricted Stock Units ( 11 ) 03/06/2021 A 3,257 ( 12 ) ( 12 ) Common Stock 3,257 $ 0 3,257 D
Restricted Stock Units ( 7 ) 03/07/2021 M 1,149 ( 13 ) ( 13 ) Common Stock 1,149 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Verma Kuntal Kumar
C/O FIRST SOLAR, INC.
350 WEST WASHINGTON STREET, SUITE 600
TEMPE, AZ85281-1244
Chief Mfg. Engineering Officer
Signatures
/s/ Jason E. Dymbort, attorney-in-fact 03/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2018.
( 2 )Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations with the vesting of the restricted stock units.
( 3 )Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2019.
( 4 )Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 6, 2020.
( 5 )Represents shares of common stock issued upon vesting of 25% of the restricted stock units granted on March 7, 2017.
( 6 )This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 2, 2020.
( 7 )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 2015 Omnibus Incentive Compensation Plan.
( 8 )The restricted stock units were granted on March 6, 2018 as part of the Issuers's annual grant to associates. The units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commending on the first anniversary of the grant date.
( 9 )The restricted stock units were granted on March 6, 2019 as part of the Issuer's annual grant to associates. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
( 10 )The restricted stock units were granted on March 6, 2020 as part of the Issuer's annual grant to associates. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
( 11 )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 2020 Omnibus Incentive Compensation Plan.
( 12 )The restricted stock units were granted on March 6, 2021 as part of the Issuer's annual equity grant to executive officers. These units are scheduled to vest annually at a rate of 20% on each anniversary of the grant date, commencing on the first anniversary of the grant date.
( 13 )The restricted stock units were granted on March 7, 2017 as part of the Issuers's annual grant to associates. These units are scheduled to vest annually at a rate of 25% on each anniversary of the grant date, commending on the first anniversary of the grant date.

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