SEC Form 4 · accession 0001209191-15-069823
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
Sep 8, 2015
Accepted (ET)
Sep 8, 2015 · 6:39 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 | Sep 8, 2015 | M | 50,000 | $2.26 | A | 551,771 | 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)F4 | $2.26 | Sep 8, 2015 | M | 50,000 | A | — | Dec 5, 2015 | Ordinary Shares | 50,000 | 15,000 | D |
Explanation of responses
- F1The option has been exercised and the underlying shares acquired from such exercise are being held by the Reporting Person.
- F2Includes the following: (1) 12,500 unvested restricted share units, which will vest on May 17, 2016; (2) 55,000 unvested restricted share units, which will vest in two equal annual installments beginning on May 21, 2016; (3) 90,103 unvested restricted share units, which will vest in three equal annual installments beginning on June 26, 2016; and (4) 103,305 unvested restricted share units, which will vest in four equal annual installments beginning on June 10, 2016.
- F3Each unvested restricted share unit represents a contingent right to receive one unrestricted, fully transferable share for each vested restricted share unit which has not previously forfeited.
- F4The award was fully vested on June 2, 2012.
Remarks
The option exercised as reported in this Form 4 is scheduled to expire on 12/05/2015, and the same as exercised was effected pursuant to a Rule 10b5-1 trading plan.