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Filing Details

Accession Number:: 0001140361-11-005796
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-02 21:12:04
Reporting Period:: 2011-01-31

Filing Date:: 2011-02-02
Accepted Time:: 2011-02-02 21:12:04
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
867773	Sunpower Corp	SPWRA	Semiconductors & Related Devices (3674)	943008969

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1387222	Howard Wenger	C/O Sunpower Corporation 3939 North First Street San Jose CA 95134	President, Util. & Pwr Plants	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2011-01-31	1,334	$0.00	41,431	No	4	M	Direct
Class A Common Stock	Disposition	2011-01-31	490	$13.44	40,941	No	4	F	Direct
Class A Common Stock	Acquisiton	2011-01-31	3,569	$0.00	44,510	No	4	M	Direct
Class A Common Stock	Disposition	2011-01-31	1,310	$13.44	43,200	No	4	F	Direct
Class A Common Stock	Disposition	2011-02-01	2,000	$13.69	41,200	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units (RSUs)	Acquisiton	2011-01-31	35,000	$0.00	35,000	$0.00
Class A Common Stock	Restricted Stock Units (RSUs)	Disposition	2011-01-31	1,334	$0.00	1,334	$0.00
Class A Common Stock	Performance-Based Restricted Stock Units (PSUs)	Disposition	2011-01-31	3,569	$0.00	3,569	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,000	No	4	A	Direct
0	No	4	M	Direct
0	No	4	M	Direct

Footnotes

Disposition 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.
The sale reported on this Form 4 was effected pursuant to a previously adopted rule 10b5-1 trading plan by the reporting person.
Price reflects weighted average sales price; actual sales prices ranged from $13.47 to $13.81. The reporting person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
The RSUs vest in three equal installments on each of March 1, 2012, March 1, 2013 and March 1, 2014.
The RSUs shall vest in three equal installments on each of January 31, 2009, January 31, 2010 and January 31, 2011.
Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
On January 31, 2008, 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 confirmed achievement of the performance criteria on January 29, 2009 and, based on that assessment, determined the number of PSUs. The PSUs vest in three equal installments on each of January 31, 2009, January 31, 2010 and January 31, 2011.