SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ahearn Michael J

(Last) (First) (Middle)
C/O FIRST SOLAR, INC
350 WEST WASHINGTON STREET SUITE 600

(Street)
TEMPE AZ 85281-1244

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST SOLAR, INC. [ FSLR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 08/08/2011 S (1) 13,650 D $97.06 (2) (7) 46,350 I By Ahearn Family Foundation
Common Stock 08/08/2011 S (1) 9,700 D $97.84 (3) (7) 36,650 I By Ahearn Family Foundation
Common Stock 08/08/2011 S (1) 10,450 D $99.09 (4) (7) 26,200 I By Ahearn Family Foundation
Common Stock 08/08/2011 S (1) 23,700 D $100.03 (5) (7) 2,500 I By Ahearn Family Foundation
Common Stock 08/08/2011 S (1) 2,500 D $100.66 (6) (7) 0 I By Ahearn Family Foundation
Common Stock 08/08/2011 S (8) 32,200 D $96.98 (9) (15) 681,639 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/08/2011 S (8) 33,300 D $97.65 (10) (15) 648,339 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/08/2011 S (8) 37,549 D $98.9 (11) (15) 610,790 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/08/2011 S (8) 157,859 D $99.73 (12) (15) 452,931 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/08/2011 S (8) 137,695 D $100.9 (13) (15) 315,236 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/08/2011 S (8) 1,397 D $101.29 (14) (15) 313,839 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/09/2011 S (8) 63,616 D $96.74 (16) (21) 250,223 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/09/2011 S (8) 9,300 D $98.65 (17) (21) 240,923 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/09/2011 S (8) 17,700 D $99.57 (18) (21) 223,223 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/09/2011 S (8) 22,554 D $100.66 (19) (21) 200,669 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/09/2011 S (8) 19,846 D $101.46 (20) (21) 180,823 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 1,100 D $97.31 (22) (31) 179,723 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 1,500 D $99.24 (23) (31) 178,223 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 31,500 D $99.96 (24) (31) 146,723 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 31,100 D $101.11 (25) (31) 115,623 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 7,416 D $102.07 (26) (31) 108,207 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 7,484 D $103.27 (27) (31) 100,723 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 1,200 D $104.53 (28) (31) 99,523 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 11,933 D $105.79 (29) (31) 87,590 I By Michael J. Ahearn 2006 GRAT
Common Stock 08/10/2011 S (8) 2,767 D $106.65 (30) (31) 84,823 I By Michael J. Ahearn 2006 GRAT
Common Stock 15,556 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in May 2011, relating to the sale of up to 60,000 shares of the issuer's Common Stock.
2. This transaction was executed in multiple trades at prices ranging from $96.40 to $97.38. The price reported above reflects the weighted average sale price for the transactions reported on this line.
3. This transaction was executed in multiple trades at prices ranging from $97.56. to $98.37. The price reported above reflects the weighted average sale price for the transactions reported on this line.
4. This transaction was executed in multiple trades at prices ranging from $98.59 to $99.57. The price reported above reflects the weighted average sale price for the transactions reported on this line.
5. This transaction was executed in multiple trades at prices ranging from $99.59 to $100.48. The price reported above reflects the weighted average sale price for the transactions reported on this line.
6. This transaction was executed in multiple trades at prices ranging from $100.64 to $100.71. The price reported above reflects the weighted average sale price for the transactions reported on this line.
7. A total of 60,000 shares were sold on this date in multiple transactions at prices ranging from $96.40 to $100.71, with a total weighted average price of $98.86. The reporting person undertakes to provide upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
8. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person in May 2011, relating to the sale of up to 629,016 shares of the issuer's Common Stock.
9. This transaction was executed in multiple trades at prices ranging from $96.26 to $97.25. The price reported above reflects the weighted average sale price for the transactions reported on this line.
10. This transaction was executed in multiple trades at prices ranging from $97.27 to $98.25. The price reported above reflects the weighted average sale price for the transactions reported on this line.
11. This transaction was executed in multiple trades at prices ranging from $98.28 to $99.27. The price reported above reflects the weighted average sale price for the transactions reported on this line.
12. This transaction was executed in multiple trades at prices ranging from $99.28 to $100.27. The price reported above reflects the weighted average sale price for the transactions reported on this line.
13. This transaction was executed in multiple trades at prices ranging from $100.28 to $101.25. The price reported above reflects the weighted average sale price for the transactions reported on this line.
14. This transaction was executed in multiple trades at prices ranging from $101.28 to $101.38. The price reported above reflects the weighted average sale price for the transactions reported on this line.
15. A total of 400,000 shares were sold on this date in multiple transactions at prices ranging from $96.26 to $101.38, with a total weighted average price of $99.67. The reporting person undertakes to provide upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
16. This transaction was executed in multiple trades at prices ranging from $96.27 to $97.13. The price reported above reflects the weighted average sale price for the transactions reported on this line.
17. This transaction was executed in multiple trades at prices ranging from $98.07 to $99.04. The price reported above reflects the weighted average sale price for the transactions reported on this line.
18. This transaction was executed in multiple trades at prices ranging from $99.10 to $100.09. The price reported above reflects the weighted average sale price for the transactions reported on this line.
19. This transaction was executed in multiple trades at prices ranging from $100.15 to $101.14. The price reported above reflects the weighted average sale price for the transactions reported on this line.
20. This transaction was executed in multiple trades at prices ranging from $101.15 to $101.94. The price reported above reflects the weighted average sale price for the transactions reported on this line.
21. A total of 133,016 shares were sold on this date in multiple transactions at prices ranging from $96.27 to $101.94 with a total weighted average price of $98.62. The reporting person undertakes to provide upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
22. This transaction was executed in multiple trades at prices ranging from $97.25 to $97.60. The price reported above reflects the weighted average sale price for the transactions reported on this line.
23. This transaction was executed in multiple trades at prices ranging from $98.47 to $99.42. The price reported above reflects the weighted average sale price for the transactions reported on this line.
24. This transaction was executed in multiple trades at prices ranging from $99.55 to $100.53. The price reported above reflects the weighted average sale price for the transactions reported on this line.
25. This transaction was executed in multiple trades at prices ranging from $100.59 to $101.54. The price reported above reflects the weighted average sale price for the transactions reported on this line.
26. This transaction was executed in multiple trades at prices ranging from $101.61 to $102.57. The price reported above reflects the weighted average sale price for the transactions reported on this line.
27. This transaction was executed in multiple trades at prices ranging from $102.62 to $103.52. The price reported above reflects the weighted average sale price for the transactions reported on this line.
28. This transaction was executed in multiple trades at prices ranging from $104.16 to $104.96. The price reported above reflects the weighted average sale price for the transactions reported on this line.
29. This transaction was executed in multiple trades at prices ranging from $105.38 to $106.35. The price reported above reflects the weighted average sale price for the transactions reported on this line.
30. This transaction was executed in multiple trades at prices ranging from $106.51 to $106.77. The price reported above reflects the weighted average sale price for the transactions reported on this line.
31. A total of 96,000 shares were sold on this date in multiple transactions at prices ranging from $97.25 to $106.77 with a total weighted average price of $101.69. The reporting person undertakes to provide upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
/s/ Peter C. Bartolino, Attorney-in-fact 08/10/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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