SEC Form 4 · accession 0000899243-16-015226
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard Wenger
Officer — President, Business Units
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:40 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 | 32,036 | $0.00 | A | 187,207 | D | |
| Common Stock | Mar 1, 2016 | M | 23,334 | $0.00 | A | 210,541 | D | |
| Common Stock | Mar 1, 2016 | M | 7,046 | $0.00 | A | 217,587 | D | |
| Common Stock | Mar 1, 2016 | M | 5,667 | $0.00 | A | 223,254 | D | |
| Common Stock | Mar 1, 2016 | M | 6,666 | $0.00 | A | 229,920 | D | |
| Common Stock | Mar 1, 2016 | M | 7,053 | $0.00 | A | 236,973 | D | |
| Common Stock | Mar 1, 2016 | M | 4,466 | $0.00 | A | 241,439 | D | |
| Common Stock | Mar 1, 2016 | M | 666 | $0.00 | A | 242,105 | D | |
| Common Stock | Mar 1, 2016 | F | 13,389 | $23.68 | D | 228,716 | D | |
| Common Stock | Mar 1, 2016 | F | 3,677 | $23.68 | D | 225,039 | D | |
| Common Stock | Mar 1, 2016 | F | 3,681 | $23.68 | D | 221,358 | D | |
| Common Stock | Mar 1, 2016 | F | 2,331 | $23.68 | D | 219,027 | D | |
| Common Stock | Mar 1, 2016 | F | 348 | $23.68 | D | 218,679 | D | |
| Common Stock | Mar 1, 2016 | F | 12,176 | $23.68 | D | 206,503 | D | |
| Common Stock | Mar 1, 2016 | F | 2,958 | $23.68 | D | 203,545 | D | |
| Common Stock | Mar 1, 2016 | F | 3,479 | $23.68 | D | 200,066 | 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 | 32,036 | D | — | — | Common Stock | 32,036 | 0 | D |
| Restricted Stock Units (RSUs)F4,F5 | — | Mar 1, 2016 | M | 23,334 | D | — | — | Common Stock | 23,334 | 0 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F6 | — | Mar 1, 2016 | M | 7,046 | D | — | — | Common Stock | 7,046 | 7,046 | D |
| Restricted Stock Units (RSUs)F4,F7 | — | Mar 1, 2016 | M | 5,667 | D | — | — | Common Stock | 5,667 | 5,666 | D |
| Restricted Stock Units (RSUs)F4,F8 | — | Mar 1, 2016 | M | 6,666 | D | — | — | Common Stock | 6,666 | 13,334 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F9 | — | Mar 1, 2016 | M | 7,053 | D | — | — | Common Stock | 7,053 | 14,106 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F9 | — | Mar 1, 2016 | M | 4,466 | D | — | — | Common Stock | 4,466 | 8,934 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F9 | — | Mar 1, 2016 | M | 666 | D | — | — | Common Stock | 666 | 1,334 | 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.