SEC Form 4 · accession 0001181431-15-007198
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francois Barbier
Officer — President, Global Operations
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 9:31 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 | May 15, 2015 | M | 250,000 | $5.57 | A | 664,821 | D | |
| Ordinary Shares | May 15, 2015 | M | 20,833 | $5.57 | A | 685,654 | D | |
| Ordinary Shares | May 15, 2015 | M | 3,125 | $5.57 | A | 688,779 | D | |
| Ordinary Shares | May 15, 2015 | M | 3,125 | $5.57 | A | 691,904 | D | |
| Ordinary Shares | May 15, 2015 | M | 911 | $5.57 | A | 692,815 | D | |
| Ordinary Shares | May 15, 2015 | M | 868 | $5.57 | A | 693,683 | D | |
| Ordinary SharesF1,F2 | May 15, 2015 | S | 278,862 | $12.4712 | D | 414,821 | 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 | $5.57 | May 15, 2015 | M | 250,000 | D | — | Aug 11, 2016 | Ordinary Shares | 250,000 | 0 | D |
| Stock Option (Right to Buy)F4 | $5.57 | May 15, 2015 | M | 20,833 | D | — | Aug 11, 2016 | Ordinary Shares | 20,833 | 0 | D |
| Stock Option (Right to Buy)F4 | $5.57 | May 15, 2015 | M | 3,125 | D | — | Aug 11, 2016 | Ordinary Shares | 3,125 | 0 | D |
| Stock Option (Right to Buy)F4 | $5.57 | May 15, 2015 | M | 3,125 | D | — | Aug 11, 2016 | Ordinary Shares | 3,125 | 0 | D |
| Stock Option (Right to Buy)F4 | $5.57 | May 15, 2015 | M | 911 | D | — | Aug 11, 2016 | Ordinary Shares | 911 | 0 | D |
| Stock Option (Right to Buy)F4 | $5.57 | May 15, 2015 | M | 868 | D | — | Aug 11, 2016 | Ordinary Shares | 868 | 0 | D |
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $12.425 to $12.525. 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) 52,000 unvested Restricted Share Units, which will vest on June 3, 2015; (2) 75,000 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 17, 2015; (3) 131,250 unvested Restricted Share Units, which will vest in three equal annual installments beginning on May 21, 2015; and (4) 110,126 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F3The award was fully vested on August 11, 2012.
- F4The award was fully vested on August 11, 2011.
Remarks
The options exercised as reported in this Form 4 were scheduled to expire on August 11, 2016.