Sec Form 4 Filing - MAHAFFEY KENNETH LAWRENCE @ SUNPOWER CORP - 2017-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MAHAFFEY KENNETH LAWRENCE
2. Issuer Name and Ticker or Trading Symbol
SUNPOWER CORP [ SPWR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & General Counsel
(Last) (First) (Middle)
77 RIO ROBLES
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2017
(Street)
SAN JOSE, CA95134
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2017 M 1,630 A $ 0 71,374 D
Common Stock 03/01/2017 M 920 A $ 0 72,294 D
Common Stock 03/01/2017 M 2,927 A $ 0 75,221 D
Common Stock 03/01/2017 M 833 A $ 0 76,054 D
Common Stock 03/01/2017 M 2,125 A $ 0 78,179 D
Common Stock 03/01/2017 M 600 A $ 0 78,779 D
Common Stock 03/01/2017 F( 1 ) 714 D $ 8.4 78,065 D
Common Stock 03/01/2017 F( 1 ) 403 D $ 8.4 77,662 D
Common Stock 03/01/2017 F( 1 ) 1,228 D $ 8.4 76,434 D
Common Stock 03/01/2017 F( 1 ) 306 D $ 8.4 76,128 D
Common Stock 03/01/2017 F( 1 ) 780 D $ 8.4 75,348 D
Common Stock 03/01/2017 F( 1 ) 221 D $ 8.4 75,127 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 1,630 ( 3 ) ( 3 ) Common Stock 1,630 $ 0 0 D
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 920 ( 3 ) ( 3 ) Common Stock 920 $ 0 0 D
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 2,927 ( 4 ) ( 4 ) Common Stock 2,927 $ 0 2,927 D
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 833 ( 4 ) ( 4 ) Common Stock 833 $ 0 834 D
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 2,125 ( 5 ) ( 5 ) Common Stock 2,125 $ 0 6,375 D
Restricted Stock Units (RSUs) ( 2 ) 03/01/2017 M 600 ( 5 ) ( 5 ) Common Stock 600 $ 0 1,800 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MAHAFFEY KENNETH LAWRENCE
77 RIO ROBLES
SAN JOSE, CA95134
EVP & General Counsel
Signatures
Lauren Walz, as attorney-in-fact for Kenneth L Mahaffey 03/03/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
( 3 )The last vesting date for these RSUs was on March 1, 2017.
( 4 )The remaining portion of these RSUs will vest on March 1, 2018.
( 5 )The remaining RSUs shall vest in equal installments on each of March 1, 2018, March 1, 2019 and March 1, 2020.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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