SEC Form 4 · accession 0001209191-17-017639
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, 2017
Accepted (ET)
Mar 3, 2017 · 4:41 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, 2017 | M | 5,554 | $0.00 | A | 52,842 | D | |
| Common Stock | Mar 1, 2017 | M | 4,466 | $0.00 | A | 57,308 | D | |
| Common Stock | Mar 1, 2017 | M | 5,000 | $0.00 | A | 62,308 | D | |
| Common Stock | Mar 1, 2017 | M | 5,290 | $0.00 | A | 67,598 | D | |
| Common Stock | Mar 1, 2017 | M | 500 | $0.00 | A | 68,098 | D | |
| Common Stock | Mar 1, 2017 | M | 1,076 | $0.00 | A | 69,174 | D | |
| Common Stock | Mar 1, 2017 | M | 3,750 | $0.00 | A | 72,924 | D | |
| Common Stock | Mar 1, 2017 | F | 2,424 | $8.40 | D | 70,500 | D | |
| Common Stock | Mar 1, 2017 | F | 1,719 | $8.40 | D | 68,781 | D | |
| Common Stock | Mar 1, 2017 | F | 1,834 | $8.40 | D | 66,947 | D | |
| Common Stock | Mar 1, 2017 | F | 1,984 | $8.40 | D | 64,963 | D | |
| Common Stock | Mar 1, 2017 | F | 188 | $8.40 | D | 64,775 | D | |
| Common Stock | Mar 1, 2017 | F | 405 | $8.40 | D | 64,370 | D | |
| Common Stock | Mar 1, 2017 | F | 1,410 | $8.40 | D | 62,960 | 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 Unites (PSUs)F2,F3 | — | Mar 1, 2017 | A | 4,305 | A | — | — | Common Stock | 4,305 | 4,305 | D |
| Performance-Based Restricted Stock Units (PSUs)F2,F4 | — | Mar 1, 2017 | M | 5,554 | D | — | — | Common Stock | 5,554 | 0 | D |
| Restricted Stock Units (RSUs)F5,F6 | — | Mar 1, 2017 | M | 4,466 | D | — | — | Common Stock | 4,466 | 0 | D |
| Restricted Stock Units (RSUs)F5,F7 | — | Mar 1, 2017 | M | 5,000 | D | — | — | Common Stock | 5,000 | 5,000 | D |
| Performance-Based Restricted Stock Units (PSUs)F2,F8 | — | Mar 1, 2017 | M | 5,290 | D | — | — | Common Stock | 5,290 | 5,290 | D |
| Performance-Based Restricted Stock Units (PSUs)F2,F9 | — | Mar 1, 2017 | M | 500 | D | — | — | Common Stock | 500 | 500 | D |
| Performance-Based Restricted Stock Units (PSUs)F2,F10 | — | Mar 1, 2017 | M | 1,076 | D | — | — | Common Stock | 1,076 | 3,229 | D |
| Restricted Stock Units (RSUs)F5,F11 | — | Mar 1, 2017 | M | 3,750 | D | — | — | Common Stock | 3,750 | 11,250 | D |
Explanation of responses
- F1Disposition 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.
- F10On February 22, 2016, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on March 1, 2017 and, based on that assessment, determined the number of PSUs. The remaining portions of these PSUs will vest in four equal installments on each of March 1, 2018, March 1, 2019 and March 1, 2020.
- F11The remaining RSUs shall vest in installments of March 1, 2018, March 1, 2019 and March 1, 2020.
- F2Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3On February 22, 2016, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on March 1, 2017 and, based on that assessment, determined the number of PSUs. The PSUs will vest in four equal installments on each of March 1, 2017, March 1, 2018, March 1,2019 and March 1, 2020.
- F4On February 5, 2014, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on February 23, 2015 and, based on that assessment, determined the number of PSUs. The last vesting date of these PSUs was March 1, 2017.
- F5Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F6The last vesting date for these RSUs was on March 1, 2017.
- F7The remaining portion of these RSUs will vest on March 1, 2018.
- F8On February 23, 2015, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed achievement of the performance criteria on February 22, 2016 and, based on that assessment, determined the number of PSUs. The remaining portion of these PSUs will vest on March 1, 2018.
- F9On March 20, 2015, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed achievement of the performance criteria on February 22, 2016 and, based on that assessment, determined the number of PSUs. The remaining portion of these PSUs will vest on March 1, 2018.