SEC Form 4 · accession 0001209191-19-016435

SUNPOWER CORP · SPWR

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

Reporting owner

Douglas J. Richards

Officer — EVP, Administration

Period of report

Mar 1, 2019

Accepted (ET)

Mar 5, 2019 · 4:15 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
Common Stock	Mar 1, 2019	M	1,076	$0.00	A	89,786	D
Common Stock	Mar 1, 2019	M	3,750	$0.00	A	93,536	D
Common Stock	Mar 1, 2019	M	11,875	$0.00	A	105,411	D
Common Stock	Mar 1, 2019	M	11,875	$0.00	A	117,286	D
Common Stock	Mar 1, 2019	M	11,250	$0.00	A	128,536	D
Common Stock	Mar 1, 2019	M	10,923	$0.00	A	139,459	D
Common Stock	Mar 1, 2019	F	373	$6.47	D	139,086	D
Common Stock	Mar 1, 2019	F	1,297	$6.47	D	137,789	D
Common Stock	Mar 1, 2019	F	4,107	$6.47	D	133,682	D
Common Stock	Mar 1, 2019	F	4,107	$6.47	D	129,575	D
Common Stock	Mar 1, 2019	F	3,891	$6.47	D	125,684	D
Common Stock	Mar 1, 2019	F	3,778	$6.47	D	121,906	D

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, 2019	M	1,076	D	—	—	Common Stock	1,076	1,077	D
Restricted Stock Units (RSUs)^F4,F5	—	Mar 1, 2019	M	3,750	D	—	—	Common Stock	3,750	3,750	D
Performance-Based Restricted Stock Units (PSUs)^F2,F6	—	Mar 1, 2019	M	11,875	D	—	—	Common Stock	11,875	23,750	D
Restricted Stock Units (RSUs)^F4,F7	—	Mar 1, 2019	M	11,875	D	—	—	Common Stock	11,875	23,750	D
Restricted Stock Units (RSUs)^F4,F8	—	Mar 1, 2019	M	11,250	D	—	—	Common Stock	11,250	33,750	D
Performance-Based Restricted Stock Units (PSUs)^F2,F9	—	Mar 1, 2019	M	10,923	D	—	—	Common Stock	10,923	32,772	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 PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3On February 22, 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 portions of these PSUs will vest on March 1, 2020.
F4Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F5The remaining RSUs shall vest on March 1, 2020.
F6On 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.
F7The remaining RSUs shall vest on March 1, 2020 and March 1, 2021.
F8The remaining RSUs shall vest on March 1, 2020, March 1, 2021 and March 1, 2022.
F9On 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 vest each on March 1, 2020, March 1, 2021 and March 1, 2022.