SEC Form 4 · accession 0001209191-15-054746
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Bennett
Officer — Chief Accounting Officer
Period of report
Jun 16, 2015
Accepted (ET)
Jun 18, 2015 · 5:30 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 | Jun 16, 2015 | S | 10,800 | $12.0014 | D | 99,473 | D | |
| Ordinary SharesF3,F4,F5 | Jun 18, 2015 | S | 6,000 | $12.0162 | D | 93,473 | 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 $11.955 to $12.05. 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 $11.96 to $12.07. 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.
- F4Includes the following: (1) 4,500 unvested Restricted Stock Units, which will vest on June 15, 2016; (2) 12,600 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 15, 2016; (3) 18,750 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on July 25, 2015; (4) 25,000 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015; and (5) 22,623 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 10, 2016.
- F5Each 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.
Remarks
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.