SEC Form 4 · accession 0001209191-19-016425
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:12 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, 2019 | M | 2,125 | $0.00 | A | 80,146 | D | |
| Common Stock | Mar 1, 2019 | M | 600 | $0.00 | A | 80,746 | D | |
| Common Stock | Mar 1, 2019 | M | 10,000 | $0.00 | A | 90,746 | D | |
| Common Stock | Mar 1, 2019 | M | 10,625 | $0.00 | A | 101,371 | D | |
| Common Stock | Mar 1, 2019 | M | 10,317 | $0.00 | A | 111,688 | D | |
| Common Stock | Mar 1, 2019 | F | 735 | $6.47 | D | 110,953 | D | |
| Common Stock | Mar 1, 2019 | F | 208 | $6.47 | D | 110,745 | D | |
| Common Stock | Mar 1, 2019 | F | 3,458 | $6.47 | D | 107,287 | D | |
| Common Stock | Mar 1, 2019 | F | 3,675 | $6.47 | D | 103,612 | D | |
| Common Stock | Mar 1, 2019 | F | 3,568 | $6.47 | D | 100,044 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSUs)F2,F3 | — | Mar 1, 2019 | M | 2,125 | D | — | — | Common Stock | 2,125 | 2,125 | D |
| Restricted Stock Units (RSUs)F2,F3 | — | Mar 1, 2019 | M | 600 | D | — | — | Common Stock | 600 | 600 | D |
| Performance -Based Restricted Stock Units (PSUs)F4,F5 | — | Mar 1, 2019 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
| Restricted Stock Units (RSUs)F2,F6 | — | Mar 1, 2019 | M | 10,625 | D | — | — | Common Stock | 10,625 | 31,875 | D |
| Performance-Based Restricted Stock Units (PSUs)F4,F7 | — | Mar 1, 2019 | M | 10,317 | D | — | — | Common Stock | 10,317 | 30,951 | 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.
- F2Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F3The remaining RSUs shall vest on March 1, 2020.
- F4Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5On 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 will vest on each of March 1, 2020 and March 1, 2021.
- F6The remaining RSUs shall vest in installments on each of March 1, 2020, March 1, 2021 and March 1, 2022.
- F7On 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 remaining PSUs will vest on each of March 1, 2020, March 1, 2021 and March 1, 2022.