SEC Form 4 · accession 0001181431-15-004010
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M McNamara
Officer — Chief Executive Officer · Director
Period of report
Mar 3, 2015
Accepted (ET)
Mar 4, 2015 · 8:11 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 Shares | Mar 3, 2015 | M | 367,994 | $10.59 | A | 2,306,405 | D | |
| Ordinary SharesF1 | Mar 3, 2015 | S | 367,994 | $12.0942 | D | 1,938,411 | D | |
| Ordinary Shares | Mar 4, 2015 | M | 66,782 | $10.59 | A | 2,005,193 | D | |
| Ordinary SharesF2,F3,F4,F5 | Mar 4, 2015 | S | 66,782 | $12.0001 | D | 1,938,411 | 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)F6 | $10.59 | Mar 3, 2015 | M | 367,994 | D | — | Jun 2, 2015 | Ordinary Shares | 367,994 | 1,632,006 | D |
| Stock Option (Right to Buy)F6 | $10.59 | Mar 4, 2015 | M | 66,782 | D | — | Jun 2, 2015 | Ordinary Shares | 66,782 | 1,565,224 | D |
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $12.00 to $12.195. The reporting person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- F2Price reflects weighted average sales price; actual sales prices ranged from $12.00 to $12.005. The reporting person undertakes to provide, upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased or sold at each separate price.
- F3Includes the following: (1) 160,000 unvested Restricted Share Units, which will vest on June 3, 2015; (2) 225,000 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 17, 2015; (3) 337,500 unvested Restricted Share Units, which will vest in three equal annual installments beginning on May 21, 2015; and (4) 365,297 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F4Each 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.
- F5The shares are held by the McNamara Family Trust.
- F6The award was fully vested on June 2, 2012.