SEC Form 4 · accession 0001181431-15-008193
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan S Hoak
Officer — EVP and General Counsel
Period of report
Jun 9, 2015
Accepted (ET)
Jun 11, 2015 · 8:56 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 | Jun 9, 2015 | S | 8,485 | $12.02 | D | 260,669 | D | |
| Ordinary SharesF2,F3,F4 | Jun 10, 2015 | A | 53,719 | $0.00 | A | 314,388 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F2Consists of 53,719 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 10, 2016.
- F3Includes the following: (1) 18,750 unvested Restricted Stock Units, which will vest on May 17, 2016; (2) 37,500 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on May 21, 2016; (3) 50,057 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015; and (4) 53,719 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 10, 2016.
- 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.