SEC Form 4 · accession 0001181431-15-004299
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Bennett
Officer — Chief Accounting Officer
Period of report
Mar 5, 2015
Accepted (ET)
Mar 6, 2015 · 7:04 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,F3 | Mar 5, 2015 | S | 8,000 | $11.9621 | D | 87,650 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $11.905 to $12.02. 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.
- F2Includes the following: (1) 6,000 unvested Restricted Stock Units will vest on June 17, 2015; (2) 9,000 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 15, 2015; (3) 18,900 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 15, 2015; (4) 18,750 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on July 25, 2015; and (5) 25,000 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F3Each 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.
Remarks
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.