SEC Form 4 · accession 0000899243-16-015224
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas H Werner
Officer — Director, Pres and CEO · Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:38 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 | 83,148 | $0.00 | A | 357,485 | D | |
| Common Stock | Mar 1, 2016 | M | 20,723 | $0.00 | A | 378,208 | D | |
| Common Stock | Mar 1, 2016 | M | 16,667 | $0.00 | A | 394,875 | D | |
| Common Stock | Mar 1, 2016 | M | 14,694 | $0.00 | A | 409,569 | D | |
| Common Stock | Mar 1, 2016 | M | 13,900 | $0.00 | A | 423,469 | D | |
| Common Stock | Mar 1, 2016 | M | 1,400 | $0.00 | A | 424,869 | D | |
| Common Stock | Mar 1, 2016 | F | 10,814 | $23.68 | D | 414,055 | D | |
| Common Stock | Mar 1, 2016 | F | 7,668 | $23.68 | D | 406,387 | D | |
| Common Stock | Mar 1, 2016 | F | 731 | $23.68 | D | 405,656 | D | |
| Common Stock | Mar 1, 2016 | F | 43,387 | $23.68 | D | 362,269 | D | |
| Common Stock | Mar 1, 2016 | F | 8,697 | $23.68 | D | 353,572 | D | |
| Common Stock | Mar 1, 2016 | F | 7,254 | $23.68 | D | 346,318 | 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 | 83,148 | D | — | — | Common Stock | 83,148 | 0 | D |
| Performance-Based Restricted Stock Units (PSUs)F4,F5 | — | Mar 1, 2016 | M | 20,723 | D | — | — | Common Stock | 20,723 | 20,724 | D |
| Restricted Stock Units (RSUs)F1,F6 | — | Mar 1, 2016 | M | 16,667 | D | — | — | Common Stock | 16,667 | 16,666 | D |
| Performance-Based Restricted Stock Units (PSUs)F4,F7 | — | Mar 1, 2016 | M | 14,694 | D | — | — | Common Stock | 14,694 | 29,388 | D |
| Restricted Stock Units (RSUs)F1,F8 | — | Mar 1, 2016 | M | 13,900 | D | — | — | Common Stock | 13,900 | 27,800 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F7 | — | Mar 1, 2016 | M | 1,400 | D | — | — | Common Stock | 1,400 | 2,800 | 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 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.
- F8The remaining portion of these RSUs will vest in installments on March 1, 2017 and March 1, 2018.