SEC Form 4 · accession 0000899243-16-015221
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Branderiz
Officer — SVP and Prin Acct Off
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:34 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867773
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2016 | M | 10,001 | $0.00 | A | 10,001 | D | |
| Common Stock | Mar 1, 2016 | M | 3,109 | $0.00 | A | 13,110 | D | |
| Common Stock | Mar 1, 2016 | M | 2,500 | $0.00 | A | 15,610 | D | |
| Common Stock | Mar 1, 2016 | M | 2,500 | $0.00 | A | 18,110 | D | |
| Common Stock | Mar 1, 2016 | M | 2,933 | $0.00 | A | 21,043 | D | |
| Common Stock | Mar 1, 2016 | M | 3,095 | $0.00 | A | 24,138 | D | |
| Common Stock | Mar 1, 2016 | M | 300 | $0.00 | A | 24,438 | D | |
| Common Stock | Mar 1, 2016 | F | 1,169 | $23.68 | D | 23,269 | D | |
| Common Stock | Mar 1, 2016 | F | 1,164 | $23.68 | D | 22,105 | D | |
| Common Stock | Mar 1, 2016 | F | 113 | $23.68 | D | 21,992 | D | |
| Common Stock | Mar 1, 2016 | F | 3,759 | $23.68 | D | 18,233 | D | |
| Common Stock | Mar 1, 2016 | F | 940 | $23.68 | D | 17,293 | D | |
| Common Stock | Mar 1, 2016 | F | 940 | $23.68 | D | 16,353 | D | |
| Common Stock | Mar 1, 2016 | F | 1,103 | $23.68 | D | 15,250 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F1,F2 | — | Mar 1, 2016 | M | 10,001 | D | — | — | Common Stock | 10,001 | 0 | D |
| Performance-Based Restricted Stock Units (PSUs)F4,F5 | — | Mar 1, 2016 | M | 3,109 | D | — | — | Common Stock | 3,109 | 3,109 | D |
| Restricted Stock Units (RSUs)F1,F6 | — | Mar 1, 2016 | M | 2,500 | D | — | — | Common Stock | 2,500 | 2,500 | D |
| Restricted Stock Units (RSUs)F1,F6 | — | Mar 1, 2016 | M | 2,500 | D | — | — | Common Stock | 2,500 | 2,500 | D |
| Restricted Stock Units (RSUs)F1,F7 | — | Mar 1, 2016 | M | 2,933 | D | — | — | Common Stock | 2,933 | 5,867 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F8 | — | Mar 1, 2016 | M | 3,095 | D | — | — | Common Stock | 3,095 | 6,192 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F8 | — | Mar 1, 2016 | M | 300 | D | — | — | Common Stock | 300 | 600 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2The last vesting date for these RSUs was March 1, 2016.
- F3Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock shares.
- F4Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5The PSUs were earned based on performance in a prior year but were then subject to time-based vesting. The remaining portion of these PSUs will vest on March 1, 2017.
- F6The remaining portion of these RSUs will vest on March 1, 2017.
- F7The remaining portion of these RSUs will vest in installments on March 1, 2017 and March 1, 2018.
- F8The PSUs were earned based on performance in a prior year but were then subject to time-based vesting. The remaining portion of these PSUs will vest in installments on March 1, 2017 and March 1, 2018.