SEC Form 4 · accession 0001209191-15-067442
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lay Koon Tan
Director
Period of report
Aug 20, 2015
Accepted (ET)
Aug 21, 2015 · 8:09 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 SharesF1 | Aug 20, 2015 | A | 16,309 | $0.00 | A | 94,857 | D | |
| Ordinary SharesF3 | Aug 20, 2015 | S | 2,798 | $10.80 | D | 92,059 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 20, 2015 the Reporting Person was awarded a total of 16,309 restricted share units (RSUs) pursuant to the terms of the annual equity award to non-employee directors under the Issuer's 2010 Incentive Plan as more fully described in the section titled "Non-Management Directors' Compensation for Fiscal Year 2015" beginning on page 12 of the Issuer's Joint Proxy Statement filed with the SEC on July 9, 2015. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2016 annual general meeting.
- F2Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F3Includes 16,309 unvested restricted share units (RSUs) which vest in full on the date immediately prior to the date of Issuer's 2016 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.