SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SAC CAPITAL ASSOCIATES LLC

(Last) (First) (Middle)
P.O. BOX 58, VICTORIA HOUSE, THE VALLEY

(Street)
ANGUILLA, BRITISH WEST INDIES

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SUNPOWER CORP [ SPWR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock par value 0.001 per share 01/26/2006 P 10,000 A $34.93 390,000 I(1) see footnote(2)
Class A Common Stock par value 0.001 per share(3) 01/26/2006 P 10,000 A $35.06 400,000 D(1)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Call (right to buy) $45 01/26/2006 P 1,500 01/26/2006 02/18/2006 Class A Common Stock par value 0.001 per share 150,000 $0.26 669,100 I see footnote(2)
Call (right to buy) $45 02/02/2006 S 1,500 01/26/2006 02/18/2006 Class A Common Stock par value 0.001 per share 150,000 $0.15 519,100 I see footnote(2)
Explanation of Responses:
1. S.A.C. Capital Associates, LLC ("Associates") and C.R. Intrinsic Investments, LLC ("Intrinsic"), each an Anguillan limited liability company, directly each own Class A Common Stock of the Issuer. Intrinsic is a wholly owned subsidiary of Associates. At 2:55 p.m., Eastern Standard Time, on January 26, 2006, Associates had beneficial ownership of 899,100 shares of Class A Common Stock of the Issuer. For purposes of this filing, the Reporting Person has calculated the aggregate number of outstanding shares of the Issuer's Class A Common Stock as 8,906,652, based on the Form 8-K, dated January 26, 2005, which reported 8,830,000 then outstanding shares, and the prospectus of the Issuer, dated November 16, 2005, which reported an additional 76,652 shares outstanding.
2. The securities to which this report relates are held by Associates and Intrinsic. In accordance with Instruction 5(b)(iv), the entire amount of the Issuer's securities held by Associates and Intrinsic is reported herein. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities to which this report relates for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its direct or indirect pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
3. See Exhibit 99 for a continuation of this table
Remarks:
Exhibit List Exhibit 99 - Table I (cont'd) - Non-Derivative Securities Acquired Disposed of or Beneficially Owned
/s/ Peter Nussbaum (as Authorized Person on behalf of S.A.C. Capital Associates LLC) 02/03/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
c9dac6e910c1a2fad99b5f9cb1666975.doc


1. Name and Address of Reporting Person: S.A.C. Capital Associates, LLC
P.O. Box 58, Victoria House, The Valley, Anguilla, British West Indies
2. Issuer Name and Ticker or Trading Symbol: SunPower Corporation (“SPWR”)

Exhibit 99

Table I (cont’d) - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned











           








1. Title of Security (Instr. 3)2. Transaction Date2A. Deemed Execution Date, if any (Month/Day/Year)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)











   CodeVAmount(A) or (D)Price   











           











Class A Common Stock, par value $0.001 per share1/26/2006 P 10000(A)35.06410000I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 1700(A)35.00411700D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 1699(A)35.00413399I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 15(A)35.02413414D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 15(A)35.02413429I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 600(A)35.12414029D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 600(A)35.12414629I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 1000(A)35.16415629D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 1000(A)35.16416629I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 1500(A)35.25418129D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 1500(A)35.25419629I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 186(A)35.29419815D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 185(A)35.29420000I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 150(A)35.42420150D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 150(A)35.42420300I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 1350(A)35.44421650D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 1350(A)35.44423000I(1)(2)











Class A Common Stock, par value $0.001 per share1/26/2006 P 3499(A)35.50426499D(1) 











Class A Common Stock, par value $0.001 per share1/26/2006 P 8501(A)35.50435000I(1)(2)











Class A Common Stock, par value $0.001 per share1/27/2006 S -2509(D)37.16432491D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -300(D)36.90432191D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -100(D)36.91432091D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1187(D)36.95430904D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -4600(D)37.00426304D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1304(D)37.15425000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)36.43425100D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 4607(A)36.60429707D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 2050(A)36.61431757D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 3243(A)36.70435000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1000(D)35.30434000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -100(D)35.31433900D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1499(D)35.32432401D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -2401(D)35.30430000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -5000(D)35.39425000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -5000(D)36.20420000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -240(D)36.40419760D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -4760(D)36.30415000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 10000(A)36.31425000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 500(A)36.51425500D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)36.71425600D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 3090(A)36.47428690D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 3500(A)36.61432190D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 2810(A)36.61435000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -4150(D)36.61430850D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -200(D)36.65430650D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -50(D)36.66430600D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -500(D)36.67430100D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -100(D)36.69430000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -4379(D)36.60425621D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -200(D)36.59425421D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -400(D)36.50425021D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -21(D)36.52425000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -200(D)37.11424800D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -100(D)37.12424700D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1129(D)37.15423571D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -1000(D)37.19422571D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -2571(D)37.11420000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 S -5000(D)37.20415000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)37.42415100D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 300(A)37.43415400D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 2900(A)37.45418300D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1400(A)37.55419700D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 5300(A)37.44425000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 541(A)37.38425541D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 900(A)37.49426441D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 200(A)37.50426641D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1000(A)37.54427641D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 200(A)37.63427841D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 700(A)37.66428541D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 300(A)37.68428841D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 300(A)37.71429141D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 200(A)37.75429341D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1100(A)37.76430441D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 874(A)37.75431315D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 150(A)37.80431465D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)37.85431565D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)37.88431665D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 310(A)37.89431975D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 3025(A)37.90435000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)36.32435100D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 900(A)36.35436000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 129(A)36.17436129D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 59(A)36.18436188D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 408(A)36.28436596D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 100(A)36.30436696D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1900(A)36.31438596D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 10(A)36.28438606D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 600(A)36.29439206D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 200(A)36.28439406D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 2583(A)36.29441989D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1000(A)36.15442989D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 182(A)36.19443171D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 829(A)36.20444000D(1) 











Class A Common Stock, par value $0.001 per share1/27/2006 P 1000(A)36.10445000D(1)