BUFE UWE-ERNST 4
4 · SUNPOWER CORP · Filed Jun 30, 2011
Insider Transaction Report
Form 4
SUNPOWER CORPSPWRA
BUFE UWE-ERNST
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2011-06-28+3,960→ 5,173 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2011-06-28−3,960→ 0 total→ Class A Common Stock (3,960 underlying) - Tax Payment
Class A Common Stock
2011-06-28$18.02/sh−1,188$21,408→ 3,985 total
Footnotes (3)
- [F1]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.
- [F2]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F3]The RSUs vest in equal annual installments over a five-year period on each of August 7, 2009, August 7, 2010, August 7, 2011, August 7, 2012 and August 7, 2013. The vesting of the RSUs was accelerated effective as of June 28, 2011 pursuant to the terms of the 2005 Stock Incentive Plan due to Total Gas & Power USA, SAS acquiring 60% of each of the Issuer's outstanding Class A Common Stock and Class B Common Stock.