Swanson Richard M 4
4 · SUNPOWER CORP · Filed Feb 2, 2010
Insider Transaction Report
Form 4
SUNPOWER CORPSPWRA
Swanson Richard M
President & CTO
Transactions
- Exercise/Conversion
Performanc-Based Restricted Stock Units (PSUs)
2010-01-31−2,231→ 2,230 total→ Class A Common Stock (2,231 underlying) - Exercise/Conversion
Class A Common Stock
2010-01-31+2,231→ 27,457 total - Tax Payment
Class A Common Stock
2010-02-01$21.07/sh−957$20,164→ 26,500 total - Exercise/Conversion
Class A Common Stock
2010-01-31+833→ 27,333 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2010-01-31−833→ 834 total→ Class A Common Stock (833 underlying) - Tax Payment
Class A Common Stock
2010-02-01$21.07/sh−358$7,543→ 26,975 total
Footnotes (4)
- [F1]Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- [F2]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.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon vesting.
- [F4]The RSUs vest in three equal installments on each of January 31, 2009, January 31, 2010 and January 31, 2011.