SEC Form 4 · accession 0001181431-15-002812
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Collier
Officer — Chief Financial Officer
Period of report
Feb 18, 2015
Accepted (ET)
Feb 19, 2015 · 5:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000866374
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Feb 18, 2015 | M | 10,000 | $10.59 | A | 411,986 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $10.59 | Feb 18, 2015 | M | 10,000 | D | — | Jun 2, 2015 | Ordinary Shares | 10,000 | 0 | D |
Explanation of responses
- F1Includes the following: (1) 20,000 unvested Restricted Share Units, which will vest on June 3, 2015; (2) 25,000 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 17, 2015; (3) 82,500 unvested Restricted Share Units, which will vest in four equal annual installments beginning on May 21, 2015; and (4) 120,137 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F2Each unvested Restricted Stock Unit represents a contingent right to receive one unrestricted, fully transferable share for each vested Restricted Stock Unit which has not previously forfeited.
- F3The award was fully vested on June 2, 2012.