SEC Form 4 · accession 0001181431-15-007510
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Collier
Officer — Chief Financial Officer
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 9:26 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 SharesF2 | May 21, 2015 | S | 41,400 | $12.3175 | D | 432,086 | D | |
| Ordinary SharesF3 | May 22, 2015 | S | 16,500 | $12.2201 | D | 415,586 | D | |
| Ordinary Shares | May 22, 2015 | M | 40,000 | $10.59 | A | 455,586 | D | |
| Ordinary SharesF4,F5,F6 | May 22, 2015 | S | 40,000 | $12.2214 | D | 415,586 | 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)F7 | $10.59 | May 22, 2015 | M | 40,000 | D | — | Jun 2, 2015 | Ordinary Shares | 40,000 | 0 | D |
Explanation of responses
- F1Includes disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F2Price reflects weighted average sales price; actual sales prices ranged from $12.17 to $12.46. 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.
- F3Price reflects weighted average sales price; actual sales prices ranged from $12.13 to $12.27. 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.
- F4Price reflects weighted average sales price; actual sales prices ranged from $12.12 to $12.27. 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 the following: (1) 20,000 unvested Restricted Share Units, which will vest on June 3, 2015; (2) 12,500 unvested Restricted Share Units, which will vest on May 17, 2016; (3) 55,000 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 21, 2016; and (4) 120,137 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F6Each 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.
- F7The award was fully vested on June 2, 2012.
Remarks
The options exercised as reported in this Form 4 were scheduled to expire on June 2, 2015, and were effected pursuant to a Rule 10b5-1 trading plan. The sales as reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.