SEC Form 4 · accession 0001209191-19-010362
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
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 5:57 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 12, 2019 | A | 64,610 | A | — | — | Common Stock | 64,610 | 64,610 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F3 | — | Feb 12, 2019 | A | 59,640 | A | — | — | Common Stock | 59,640 | 59,640 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F2 | — | Feb 12, 2019 | A | 60,000 | A | — | — | Common Stock | 60,000 | 60,000 | D |
| Performance Based Restricted Stock Units (PSUs)F1,F3 | — | Feb 12, 2019 | A | 34,170 | A | — | — | Common Stock | 34,170 | 34,170 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2On April 12, 2018, 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 12, 2019 and, based on that assessment, determined the number of PSUs. The PSUs vest in two equal installments on each of March 1, 2019 and March 1, 2020.
- F3On April 12, 2018, 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 12, 2019 and, based on that assessment, determined the number of PSUs. The PSUs vest in full on March 31, 2020.