SEC Form 4 · accession 0001181431-15-005713

FLEX LTD. · FLEX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Apr 7, 2015

Accepted (ET)

Apr 9, 2015 · 7:01 pm EDT

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	Apr 7, 2015	M	196,992	$10.59	A	2,135,403	D
Ordinary Shares^F1,F2,F3,F4	Apr 7, 2015	S	196,992	$12.6457	D	1,938,411	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F5	$10.59	Apr 7, 2015	M	196,992	D	—	Jun 2, 2015	Ordinary Shares	196,992	1,000,000	D

F1Price reflects weighted average sales price; actual sales prices ranged from $12.55 to $12.735. 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) 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.
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.
F4The shares are held by the McNamara Family Trust.
F5The award was fully vested on June 2, 2012.

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.