SEC Form 4 · accession 0000899243-16-015223
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas J. Richards
Officer — EVP, Administration
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:36 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 | 25,171 | $0.00 | A | 84,636 | D | |
| Common Stock | Mar 1, 2016 | M | 18,334 | $0.00 | A | 102,970 | D | |
| Common Stock | Mar 1, 2016 | M | 5,554 | $0.00 | A | 108,524 | D | |
| Common Stock | Mar 1, 2016 | M | 4,467 | $0.00 | A | 112,991 | D | |
| Common Stock | Mar 1, 2016 | M | 5,000 | $0.00 | A | 117,991 | D | |
| Common Stock | Mar 1, 2016 | M | 5,290 | $0.00 | A | 123,281 | D | |
| Common Stock | Mar 1, 2016 | M | 500 | $0.00 | A | 123,781 | D | |
| Common Stock | Mar 1, 2016 | F | 9,460 | $23.68 | D | 114,321 | D | |
| Common Stock | Mar 1, 2016 | F | 2,899 | $23.68 | D | 111,422 | D | |
| Common Stock | Mar 1, 2016 | F | 2,761 | $23.68 | D | 108,661 | D | |
| Common Stock | Mar 1, 2016 | F | 261 | $23.68 | D | 108,400 | D | |
| Common Stock | Mar 1, 2016 | F | 8,824 | $23.68 | D | 99,576 | D | |
| Common Stock | Mar 1, 2016 | F | 2,331 | $23.68 | D | 97,245 | D | |
| Common Stock | Mar 1, 2016 | F | 2,609 | $23.68 | D | 94,636 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock Units (PSUs)F1,F2 | — | Mar 1, 2016 | M | 25,171 | D | — | — | Common Stock | 25,171 | 0 | D |
| Restricted Stock Units (RSUs)F4,F5 | — | Mar 1, 2016 | M | 18,334 | D | — | — | Common Stock | 18,334 | 0 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F6 | — | Mar 1, 2016 | M | 5,554 | D | — | — | Common Stock | 5,554 | 5,554 | D |
| Restricted Stock Units (RSUs)F4,F7 | — | Mar 1, 2016 | M | 4,467 | D | — | — | Common Stock | 4,467 | 4,466 | D |
| Restricted Stock Units (RSUs)F4,F8 | — | Mar 1, 2016 | M | 5,000 | D | — | — | Common Stock | 5,000 | 10,000 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F9 | — | Mar 1, 2016 | M | 5,290 | D | — | — | Common Stock | 5,290 | 10,580 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F9 | — | Mar 1, 2016 | M | 500 | D | — | — | Common Stock | 500 | 500 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2The PSUs were earned based on performance in a prior year but were then subject to time-based vesting. The last vesting date for these PSUs 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 RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5The last vesting date for these RSUs was March 1, 2016.
- F6The 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.
- F7The remaining portion of these RSUs will vest on March 1, 2017.
- F8The remaining portion of these RSUs will vest in installments on March 1, 2017 and March 1, 2018.
- F9The 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.