SEC Form 4 · accession 0001246360-15-002140
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R McDaniel
Director
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 5:56 pm EDT
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 | May 11, 2015 | M | 2,281 | $0.00 | A | 2,397 | D | |
| Common Stock | May 13, 2015 | A | 2,281 | $0.00 | A | 95,701 | I | Held in Trust - McDaniel Trust dtd 7/26/2000 |
| Common Stock | May 13, 2015 | D | 2,281 | $0.00 | D | 116 | 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)F1,F2 | — | May 11, 2015 | A | 2,281 | A | — | — | Common Stock | 2,281 | 2,281 | D |
| Restricted Stock Units (RSUs)F1,F2 | — | May 11, 2015 | M | 2,281 | D | — | — | Common Stock | 2,281 | 0 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2The RSUs were automatically granted and vested immediately on May 11, 2015 under the non-employee director compensation policy approved and adopted by Issuer's Board of Directors on June 15, 2011.
- F3Shares held of record by the McDaniel Trust dtd 7/26/2000 (the "Trust") of which Mr. McDaniel and his wife are co-trustees. Each trustee has independent control and voting power over the Trust.