Manavendra Sial - Mar 1, 2022 Form 4 Insider Report for SUNPOWER CORP (SPWR)

Role
EVP and CFO
Signature
Lauren Walz, as attorney-in-fact for Manavendra Sial
Stock symbol
SPWR
Transactions as of
Mar 1, 2022
Transactions value $
-$209,700
Form type
4
Date filed
3/3/2022, 07:10 PM
Previous filing
Nov 10, 2021
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPWR Common Stock Options Exercise $0 +13.7K +36.27% $0.00 51.7K Mar 1, 2022 Direct
transaction SPWR Common Stock Options Exercise $0 +15.4K +29.87% $0.00 67.1K Mar 1, 2022 Direct
transaction SPWR Common Stock Options Exercise $0 +2.95K +4.39% $0.00 70K Mar 1, 2022 Direct
transaction SPWR Common Stock Options Exercise $0 +830 +1.19% $0.00 70.9K Mar 1, 2022 Direct
transaction SPWR Common Stock Tax liability -$210K -11.7K -16.44% $18.00 59.2K Mar 1, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPWR Performance Based Restricted Stock Units (PSUs) Options Exercise $0 -13.7K -33.33% $0.00 27.5K Mar 1, 2022 Common Stock 13.7K Direct F2, F3
transaction SPWR Performance Based Restricted Stock Units (PSUs) Options Exercise $0 -15.4K -33.33% $0.00 30.9K Mar 1, 2022 Common Stock 15.4K Direct F2, F3
transaction SPWR Restricted Stock Units (RSUs) Options Exercise $0 -2.95K -25% $0.00 8.84K Mar 1, 2022 Common Stock 2.95K Direct F2, F4
transaction SPWR Restricted Stock Units (RSUs) Options Exercise $0 -830 -33.32% $0.00 1.66K Mar 1, 2022 Common Stock 830 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition of shares exempt under Rule 16b-3 as payment of tax liability to the Issuer by delivery or withholding securities incident to vesting of restricted shares.
F2 Each PSU or RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
F3 The remaining PSUs s or RSUs shall vest in installments on March 1, 2023 and March 1, 2024.
F4 The remaining PSUs s or RSUs shall vest in installments on March 1, 2023, March 1, 2024 and March 1, 2025.