0001127602-15-031059.txt : 20151111 0001127602-15-031059.hdr.sgml : 20151111 20151110194021 ACCESSION NUMBER: 0001127602-15-031059 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151106 FILED AS OF DATE: 20151110 DATE AS OF CHANGE: 20151110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85281 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HUGHES JAMES ALTON CENTRAL INDEX KEY: 0001258525 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33156 FILM NUMBER: 151220215 MAIL ADDRESS: STREET 1: 350 W WASHINGTON STREET, SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85281 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2015-11-06 0001274494 FIRST SOLAR, INC. FSLR 0001258525 HUGHES JAMES ALTON C/O FIRST SOLAR 350 WEST WASHINGTON STREET, SUITE 600 TEMPE AZ 85281-1244 1 1 Chief Executive Officer Common Stock 2015-11-06 4 M 0 166667 0 A 167941 D Performance Units 2015-11-06 4 M 0 166667 0 D Common Stock 166667 333333 D Represents shares of common stock issuable upon vesting of the first tranche of the Key Senior Talent Performance Program ("KSTEPP") performance units granted to the reporting person on May 7, 2012. On November 6, the Compensation Committee of the Issuer's Board of Directors certified the Issuer's achievement of the vesting condition for the first tranche of the KSTEPP performance units. Each performance unit represents the right to receive, upon vesting, one share of the Issuer's common stock. The performance units were granted on May 7, 2012 in accordance with the Issuer's 2010 Omnibus Incentive Compensation Plan and shall vest in two separate tranches, each contingent upon the achievement of a threshold performance goal and pre-established performance criteria within a defined performance period. Performance Units will not vest unless the participant is continuously employed by the Issuer through the applicable vesting date, unless the participant is eligible, in certain pre-established circumstances, for a pro-rata settlement. In the event of a change of control of the Issuer during the performance period, regardless of whether the threshold performance goal has been achieved, 25% of the then unvested portion of the performance unit will vest or a different amount as determined by the Compensation Committee of the Board of Directors. For more information, see Part II, Item 5 Other Information, of the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2015. /s/ Peter C. Bartolino, Attorney-in-fact 2015-11-10