SEC Form 4 · accession 0001209191-18-012018
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Thomas H Werner
Officer — Pres and CEO · Director
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 5:22 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 | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F3 | — | Feb 16, 2018 | A | 90,000 | A | — | — | Common Stock | 90,000 | 90,000 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F3 | — | Feb 16, 2018 | A | 17,700 | A | — | — | Common Stock | 17,700 | 17,700 | D |
| Restricted Stock Units (RSUs)F4,F5 | — | Feb 16, 2018 | A | 65,000 | A | — | — | Common Stock | 65,000 | 65,000 | 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.
- F3On 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 full on March 31, 2020.
- F4Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5The RSUs shall vest in four equal installments on each of March 1, 2019, March 1, 2020 March 1, 2021 and March 1, 2022.