SCHEDULE 13G
Amendment No. 2
SunPower Corporation
Class A Common Stock
Cusip #867652109
Cusip #867652109
Item 1: Reporting Person - FMR LLC
Item 4: Delaware
Item 5: 341,963
Item 6: 0
Item 7: 1,316,788
Item 8: 0
Item 9: 1,316,788
Item 11: 2.311%
Item 12: HC
Cusip #867652109
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 1,316,788
Item 8: 0
Item 9: 1,316,788
Item 11: 2.311%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
SunPower Corporation
Item 1(b). Name of Issuer's Principal Executive Offices:
3939 North First Street
San Jose, CA 95134
Item 2(a). Name of Person Filing:
FMR LLC
Item 2(b). Address or Principal Business Office or, if None,
Residence:
82 Devonshire Street, Boston,
Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
867652109
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
and the person filing, FMR LLC, is a parent holding company
in accordance with Section 240.13d-1(b)(ii)(G). (Note: See
Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 1,316,788
(b) Percent of Class: 2.311%
(c) Number of shares as to which such
person has:
(i) sole power to vote or to direct
the vote: 341,963
(ii) shared power to vote or to
direct the vote: 0
(iii) sole power to dispose or to
direct the disposition of: 1,316,788
(iv) shared power to dispose or to
direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof, the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following (X).
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company.
See attached Exhibit A.
Item 8. Identification and Classification of Members of
the Group.
Not applicable. See attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Inasmuch as the reporting persons are no longer the beneficial
owners of more than five percent of the number of shares
outstanding, the reporting persons have no further reporting
obligation under Section 13(d) of the Securities and Exchange
Commission thereunder, and the reporting persons have no
obligation to amend this Statement if any material change
occurs in the facts set forth herein.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
September 09, 2010
Date
/s/ Scott C. Goebel
Signature
Scott C. Goebel
Duly authorized under Power of Attorney
effective as of June 1, 2008 by and on behalf of FMR LLC
and its direct and indirect subsidiaries
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G,
Fidelity Management & Research Company ("Fidelity"), 82
Devonshire Street, Boston, Massachusetts 02109, a wholly-
owned subsidiary of FMR LLC and an investment adviser
registered under Section 203 of the Investment Advisers Act
of 1940, is the beneficial owner of 974,825 shares or 1.711%
of the Class A Common Stock outstanding of SunPower
Corporation ("the Company") as a result of acting as
investment adviser to various investment companies registered
under Section 8 of the Investment Company Act of 1940. The
number of shares of Class A Common Stock of SunPower
Corporation owned by the investment companies at August
31, 2010 included 391,667 shares of Class A Common Stock
resulting from the assumed conversion of $10,340,000
principal amount of SUNPOWER CORP CV 4.75% 4/15/14
(37.8788 shares of Class A Common Stock for each $1,000
principal amount of debenture). The number of shares of Class
A Common Stock of SunPower Corporation owned by the
investment companies at August 31, 2010 included 573,458
shares of Class A Common Stock resulting from the assumed
conversion of $12,920,000 principal amount of SUNPOWER
CV 4.5% 3/15/15 (44.3853 shares of Class A Common Stock
for each $1,000 principal amount of debenture).
Edward C. Johnson 3d and FMR LLC, through its
control of Fidelity, and the funds each has sole power to
dispose of the 974,825 shares owned by the Funds.
Members of the family of Edward C. Johnson 3d,
Chairman of FMR LLC, are the predominant owners, directly
or through trusts, of Series B voting common shares of FMR
LLC, representing 49% of the voting power of FMR LLC.
The Johnson family group and all other Series B shareholders
have entered into a shareholders' voting agreement under
which all Series B voting common shares will be voted in
accordance with the majority vote of Series B voting common
shares. Accordingly, through their ownership of voting
common shares and the execution of the shareholders' voting
agreement, members of the Johnson family may be deemed,
under the Investment Company Act of 1940, to form a
controlling group with respect to FMR LLC.
Neither FMR LLC nor Edward C. Johnson 3d,
Chairman of FMR LLC, has the sole power to vote or direct
the voting of the shares owned directly by the Fidelity Funds,
which power resides with the Funds' Boards of Trustees.
Fidelity carries out the voting of the shares under written
guidelines established by the Funds' Boards of Trustees.
Pyramis Global Advisors, LLC ("PGALLC"), 900
Salem Street, Smithfield, Rhode Island, 02917, an indirect
wholly-owned subsidiary of FMR LLC and an investment
adviser registered under Section 203 of the Investment
Advisers Act of 1940, is the beneficial owner of 306,424
shares or 0.538% of the outstanding Class A Common Stock
of SunPower Corporation as a result of its serving as
investment adviser to institutional accounts, non-U.S. mutual
funds, or investment companies registered under Section 8 of
the Investment Company Act of 1940 owning such shares.
The number of shares of Class A Common Stock of SunPower
Corporation owned by the institutional account(s) at August
31, 2010 included 63,637 shares of Class A Common Stock
resulting from the assumed conversion of $1,680,000 principal
amount of SUNPOWER CORP CV 4.75% 4/15/14 (37.8788
shares of Class A Common Stock for each $1,000 principal
amount of debenture). The number of shares of Class A
Common Stock of SunPower Corporation owned by the
institutional account(s) at August 31, 2010 included 242,787
shares of Class A Common Stock resulting from the assumed
conversion of $5,470,000 principal amount of SUNPOWER
CV 4.5% 3/15/15 (44.3853 shares of Class A Common Stock
for each $1,000 principal amount of debenture).
Edward C. Johnson 3d and FMR LLC, through its
control of PGALLC, each has sole dispositive power over
306,424 shares and sole power to vote or to direct the voting
of 306,424 shares of Class A Common Stock owned by the
institutional accounts or funds advised by PGALLC as
reported above.
Pyramis Global Advisors Trust Company ("PGATC"),
900 Salem Street, Smithfield, Rhode Island, 02917, an indirect
wholly-owned subsidiary of FMR LLC and a bank as defined
in Section 3(a)(6) of the Securities Exchange Act of 1934, is
the beneficial owner of 35,539 shares or 0.062% of the
outstanding Class A Common Stock of the SunPower
Corporation as a result of its serving as investment manager of
institutional accounts owning such shares. The number of
shares of Class A Common Stock of SunPower Corporation
owned by the institutional account(s) at August 31, 2010
included 7,576 shares of Class A Common Stock resulting
from the assumed conversion of $200,000 principal amount of
SUNPOWER CORP CV 4.75% 4/15/14 (37.8788 shares of
Class A Common Stock for each $1,000 principal amount of
debenture). The number of shares of Class A Common Stock
of SunPower Corporation owned by the institutional
account(s) at August 31, 2010 included 27,963 shares of Class
A Common Stock resulting from the assumed conversion of
$630,000 principal amount of SUNPOWER CV 4.5% 3/15/15
(44.3853 shares of Class A Common Stock for each $1,000
principal amount of debenture).
Edward C. Johnson 3d and FMR LLC, through its
control of Pyramis Global Advisors Trust Company, each has
sole dispositive power over 35,539 shares and sole power to
vote or to direct the voting of 35,539 shares of Class A
Common Stock owned by the institutional accounts managed
by PGATC as reported above.
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on September 09, 2010,
agree and consent to the joint filing on their behalf of this
Schedule 13G in connection with their beneficial ownership of
the Class A Common Stock of SunPower Corporation at
August 31, 2010.
FMR LLC
By /s/ Scott C. Goebel
Scott C. Goebel
Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of FMR LLC and its direct
and indirect subsidiaries
Edward C. Johnson 3d
By /s/ Scott C. Goebel
Scott C. Goebel
Duly authorized under Power of Attorney effective as
of June 1, 2008, by and on behalf of Edward C. Johnson 3d
Fidelity Management & Research Company
By /s/ Scott C. Goebel
Scott C. Goebel
Senior V.P. and General Counsel