Sec Form 4 Filing - WERNER THOMAS H @ SUNPOWER CORP - 2020-03-31

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
WERNER THOMAS H
2. Issuer Name and Ticker or Trading Symbol
SUNPOWER CORP [ SPWR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Pres and CEO
(Last) (First) (Middle)
51 RIO ROBLES
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2020
(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 03/31/2020 M 8,610 A $ 0 626,121 D
Common Stock 03/31/2020 F( 1 ) 4,269 D $ 5.07 621,852 D
Common Stock 03/31/2020 M 120,000 A $ 0 741,852 D
Common Stock 03/31/2020 F( 1 ) 59,496 D $ 5.07 682,356 D
Common Stock 03/31/2020 M 17,700 A $ 0 700,056 D
Common Stock 03/31/2020 F( 1 ) 8,776 D $ 5.07 691,280 D
Common Stock 03/31/2020 M 90,000 A $ 0 781,280 D
Common Stock 03/31/2020 F( 1 ) 44,622 D $ 5.07 736,658 D
Common Stock 03/31/2020 M 32,500 A $ 0 769,158 D
Common Stock 03/31/2020 F( 1 ) 16,114 D $ 5.07 753,044 D
Common Stock 03/31/2020 M 59,640 A $ 0 812,684 D
Common Stock 03/31/2020 F( 1 ) 29,570 D $ 5.07 783,114 D
Common Stock 03/31/2020 M 34,170 A $ 0 817,284 D
Common Stock 03/31/2020 F( 1 ) 16,942 D $ 5.07 800,342 D
Common Stock 1,218 I Held in Trust- The Werner Family Trust
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
Performance Based Restricted Stock Units (PSUs) ( 2 ) 03/31/2020 M 8,610 ( 3 ) ( 3 ) Common Stock 8,610 $ 0 0 D
Restricted Stock Units (RSUs) ( 4 ) 03/31/2020 M 120,000 ( 5 ) ( 5 ) Common Stock 120,000 $ 0 0 D
Performance Based Restricted Stock Units (PSUs) ( 2 ) 03/31/2020 M 17,700 ( 6 ) ( 6 ) Common Stock 17,700 $ 0 0 D
Performance Based Restricted Units (PSUs) ( 2 ) 03/31/2020 M 90,000 ( 7 ) ( 7 ) Common Stock 90,000 $ 0 0 D
Restricted Stock Units (RSUs) ( 4 ) 03/31/2020 M 32,500 ( 5 ) ( 5 ) Common Stock 32,500 $ 0 0 D
Performance Based Restricted Stock Units (PSUs) ( 2 ) 03/31/2020 M 59,640 ( 8 ) ( 8 ) Common Stock 59,640 $ 0 0 D
Performance Based Restricted Stock Units (PSUs) ( 2 ) 03/31/2020 M 34,170 ( 8 ) ( 8 ) Common Stock 34,170 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WERNER THOMAS H
51 RIO ROBLES
SAN JOSE, CA95134
X Pres and CEO
Signatures
Lauren Walz, as Attorney-in-Fact for Thomas H Werner 04/02/2020
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 shares.
( 2 )Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
( 3 )On March 31, 2016, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on March 1, 2017 and, based on that assessment, determined the number of PSUs. This is the only installment to vest.
( 4 )Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
( 5 )This is the final RSU installment to vest.
( 6 )On March 10, 2017, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on February 16, 2018 and, based on that assessment, determined the number of PSUs. This is the only installment to vest.
( 7 )This is the final PSU installment to vest.
( 8 )On April 12, 2018, Reporting Person was awarded a number of PSUs within a preset range, with the actual number contingent upon the achievement of certain criteria. The Compensation Committee of the Issuer's Board of Directors confirmed the achievement of the performance criteria on February 12, 2019 and, based on that assessment, determined the number of PSUs. This is the only installment of these PSUs to vest

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