5.09%QQQQ 34.86 3.65%XLF 17.80 5.22%
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NEW YORK - The chief financial officer of solar-panel maker First Solar Inc. exercised options for 2,387 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Wednesday.
| FSLR | 159.71 |  -3.48 |
In a Form 4 filed with the SEC, Jens Meyerhoff reported exercising options for the shares Tuesday for $20 apiece, and selling all of them the same day for $294.83 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 nonpublic 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.
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