0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
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NEW YORK (AP) - The president of systems of SunPower Corp., a solar power products maker, exercised options for 12,155 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.
| SPWR | 64.32 |  1.5 |
In a Form 4 filed with the SEC, Daniel S. Shugar reported he exercised options for the shares on Tuesday for 4 cents apiece and then sold them all the same day between $95 and $95.15 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
SunPower is based in San Jose, Calif.
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