X0202 4 2007-07-16 0 0000867773 SUNPOWER CORP SPWR 0001209945 LEDESMA BRUCE 3939 NORTH FIRST STREET SAN JOSE CA 95134 0 1 0 0 General Counsel Class A Common Stock 2007-07-16 4 M 0 7717 2.60 A 49150 D Class A Common Stock 2007-07-16 4 S 0 7717 68.6109 D 41433 D Employee Stock Option (Right to Buy) 2.60 2007-07-16 4 M 0 7717 0 D 2015-09-12 Class A Common Stock 7717 23153 D The sale reported on this Form 4 was effected pursuant to a previously adopted rule 10b-5-1 trading plan by the reporting person. The exercised option was fully vested; however, the shares underlying the remaining unexercised options are subject to an equity restriction agreement with SunPower pursuant to which such shares are subject to certain transfer and repurchase restrictions. The restrictions lapse on one quarter of the shares semi-annually during the two-year restriction period, so long as Mr. Ledesma remains employed by SunPower. 7,718 options remain to vest on 1/5/08, 7,717 options on 7/3/08 and 7,717 options on 12/30/08. /s/ Magali Salomon, Attorney-in-Fact 2007-07-17