SEC Form 4 · accession 0001246360-15-001200
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles D Boynton
Officer — EVP & CFO
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 6:07 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 23, 2015 | A | 21,138 | A | — | — | Common Stock | 21,138 | 21,138 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2On February 5, 2014, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain performance criteria. The Compensation Committee of the Issuer's Board of Directors evaluated achievement of the performance criteria on February 23, 2015 and, based on that assessment, determined the actual number of PSUs. The PSUs will vest in three equal installments on each of March 1, 2015, March 1, 2016 and March 1, 2017.