SEC Form 4 · accession 0001209191-18-016853

SUNPOWER CORP · SPWR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Thomas H Werner

Officer — Pres and CEO · Director

Period of report

Mar 1, 2018

Accepted (ET)

Mar 5, 2018 · 6:32 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, 2018	M	14,694	$0.00	A	466,513	D
Common Stock	Mar 1, 2018	M	13,900	$0.00	A	480,413	D
Common Stock	Mar 1, 2018	M	1,400	$0.00	A	481,813	D
Common Stock	Mar 1, 2018	M	5,137	$0.00	A	486,950	D
Common Stock	Mar 1, 2018	M	17,900	$0.00	A	504,850	D
Common Stock	Mar 1, 2018	M	37,500	$0.00	A	542,350	D
Common Stock	Mar 1, 2018	M	37,500	$0.00	A	579,850	D
Common Stock	Mar 1, 2018	F	4,807	$7.06	D	575,043	D
Common Stock	Mar 1, 2018	F	5,082	$7.06	D	569,961	D
Common Stock	Mar 1, 2018	F	485	$7.06	D	569,476	D
Common Stock	Mar 1, 2018	F	2,045	$7.06	D	567,431	D
Common Stock	Mar 1, 2018	F	8,875	$7.06	D	558,556	D
Common Stock	Mar 1, 2018	F	18,593	$7.06	D	539,963	D
Common Stock	Mar 1, 2018	F	18,593	$7.06	D	521,370	D
Common Stock	holding	—	—		—	1,218	I	Held in Trust - The Werner Family Trust

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)^F2,F3	—	Mar 1, 2018	M	14,694	D	—	—	Common Stock	14,694	0	D
Restricted Stock Units (RSUs)^F4,F5	—	Mar 1, 2018	M	13,900	D	—	—	Common Stock	13,900	0	D
Performance-Based Restricted Stock Units (PSUs)^F2,F6	—	Mar 1, 2018	M	1,400	D	—	—	Common Stock	1,400	0	D
Performance-Based Restricted Stock Units (PSUs)^F2,F7	—	Mar 1, 2018	M	5,137	D	—	—	Common Stock	5,137	10,275	D
Restricted Stock Units (RSUs)^F4,F8	—	Mar 1, 2018	M	17,900	D	—	—	Common Stock	17,900	35,800	D
Performance-Based Restricted Stock Units (PSUs)^F2,F9	—	Mar 1, 2018	M	37,500	D	—	—	Common Stock	37,500	112,500	D
Restricted Stock Units (RSUs)^F4,F10	—	Mar 1, 2018	M	37,500	D	—	—	Common Stock	37,500	112,500	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.
F10The remaining RSUs shall vest on each of March 1, 2019, March 1, 2020 and March 1, 2021.
F2Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3On 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 the achievement of the performance criteria on February 22, 2016 and, based on that assessment, determined the number of PSUs. The last vesting date of these PSUs was March 1, 2018.
F4Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F5The last vesting date of these RSUs was March 1, 2018.
F6On 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 the achievement of the performance criteria on February 22, 2016 and, based on that assessment, determined the number of PSUs. The last vesting date of these PSUs was on March 1, 2018.
F7On March 31, 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 portion of these PSUs will vest on each of March 1, 2019 and March 1, 2020.
F8The remaining RSUs shall vest on each of March 1, 2019 and March 1, 2020.
F9On 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 remaining PSUs vest on each of March 1, 2019, March 1, 2020 and March 1, 2021.