SEC Form 4 · accession 0001181431-15-007513
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M McNamara
Officer — Chief Executive Officer · Director
Period of report
May 21, 2015
Accepted (ET)
May 26, 2015 · 9:29 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,F3,F4,F5 | May 21, 2015 | S | 621,000 | $12.3176 | D | 1,825,911 | D |
Table II — derivative securities
No Table II lines on this filing.
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 $12.175 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.
- F3Includes the following: (1) 160,000 unvested Restricted Share Units, which will vest on June 3, 2015; (2) 112,500 unvested Restricted Share Units, which will vest on May 17, 2016; (3) 225,000 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 21, 2016; and (4) 365,297 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- F4Each 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.
- F5The shares are held by the McNamara Family Trust.
Remarks
The sales as reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.