Filing Details
- Accession Number:
- 0001140361-11-013675
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-03-02 21:21:29
- Reporting Period:
- 2011-02-28
- Filing Date:
- 2011-03-02
- Accepted Time:
- 2011-03-02 21:21:29
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2011-03-01 | 2,000 | $17.36 | 42,365 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2011-03-01 | 10,229 | $0.00 | 52,594 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2011-03-01 | 3,752 | $17.23 | 48,842 | No | 4 | F | Direct | |
| Class A Common Stock | Acquisiton | 2011-03-01 | 23,333 | $0.00 | 72,175 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2011-03-01 | 8,559 | $17.23 | 63,616 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Performance-Based Restricted Stock Units (PSUs) | Acquisiton | 2011-02-28 | 30,688 | $0.00 | 30,688 | $0.00 |
| Class A Common Stock | Performance-Based Restricted Stock Units (PSUs) | Disposition | 2011-03-01 | 10,229 | $0.00 | 10,229 | $0.00 |
| Class A Common Stock | Restricted Stock Units (RSUs) | Disposition | 2011-03-01 | 23,333 | $0.00 | 23,333 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 30,688 | No | 4 | A | Direct | ||
| 20,459 | No | 4 | M | Direct | ||
| 46,667 | No | 4 | M | Direct |
Footnotes
- 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 $16.97 to $17.80. 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.
- 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.
- Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- On August 5, 2010, 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 February 28, 2011 and, based on that assessment, determined the number of PSUs. The PSUs vest in three equal installments on each of March 1, 2011, March 1, 2012 and March 1, 2013.
- Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- The RSUs shall vest in three equal installments on each of March 1, 2011, March 1, 2012 and March 1, 2013.
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