SEC Form 4 · accession 0001181431-15-005972
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lay Koon Tan
Director
Period of report
Aug 5, 2013
Accepted (ET)
Apr 17, 2015 · 6:38 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 SharesF1,F2 | Aug 5, 2013 | S | 4,442 | $8.7901 | D | 74,995 | D | |
| Ordinary SharesF3 | Apr 15, 2015 | A | 1,666 | $0.00 | A | 76,661 | D | |
| Ordinary SharesF3 | Apr 15, 2015 | A | 294 | $0.00 | A | 76,955 | D | |
| Ordinary SharesF1,F4,F5 | Apr 16, 2015 | S | 340 | $12.685 | D | 76,615 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposition of shares as payment of tax liability to Company incident to vesting of restricted share unit award.
- F2The number of shares reported in Column 5 is the number of shares beneficially owned as of the date of this filing and takes into account transactions reported on either Form 4 or Form 5 since the date of transaction reported herein.
- F3On April 15, 2015, Reporting Person was awarded an aggregate total of 1,960 restricted share units (RSUs) pursuant to the terms of the Issuer's Share Election Program as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The awards were granted for the quarterly period from 1/1/2015 to 3/31/2015. The awards vest immediately upon grant.
- F4Price reflects weighted average sales price; actual sales prices ranged from $12.6845 to $12.685. 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.
- F5Includes 13,673 unvested Restricted Share Units, which vest in full on the date immediately prior to the date of Issuer's 2015 annual general meeting. Each 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.