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First Solar President Exercises Options
Monday March 24, 12:21 pm ET
First Solar President Bruce Sohn Exercises Options for 10,000 Shares of Common Stock


NEW YORK (AP) -- The president of solar-panel maker First Solar Inc. exercised options for 10,000 shares of common stock, according to filings with the Securities and Exchange Commission.
In Form 4s filed with the SEC Thursday, Bruce Sohn reported he exercised the options on Tuesday for $4.54 apiece, then sold all 10,000 shares on the same day for $201 to $205.25 apiece.

The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

First Solar is based in Phoenix.




http://biz.yahoo.com/ap/080324/first_solar_insider_transactions.html?.v=1