SEC Form 4 · accession 0001209191-18-012016
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Lawrence Mahaffey
Officer — EVP & General Counsel
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867773
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Feb 16, 2018 | A | 40,000 | A | — | — | Common Stock | 40,000 | 40,000 | D |
| Restricted Stock Units (RSUs)F3,F4 | — | Feb 16, 2018 | A | 42,500 | A | — | — | Common Stock | 42,500 | 42,500 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2On March 10, 2017, 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 16, 2018 and, based on that assessment, determined the number of PSUs. The PSUs vest in four equal installments on each of March 1, 2018, March 1, 2019, March 1, 2020 and March 1, 2021.
- F3Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F4The RSUs shall vest in four equal installments on each of March 1, 2019, March 1, 2020 March 1, 2021, and March 1, 2022.