SEC Form 4 · accession 0001209191-16-114628
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lay Koon Tan
Director
Period of report
Apr 15, 2016
Accepted (ET)
Apr 18, 2016 · 8:08 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 | Apr 15, 2016 | A | 1,737 | $0.00 | A | 102,336 | D | |
| Ordinary SharesF1 | Apr 15, 2016 | A | 307 | $0.00 | A | 102,643 | D | |
| Ordinary SharesF3,F4 | Apr 18, 2016 | S | 352 | $12.2537 | D | 102,291 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 15, 2016, the Reporting Person was awarded an aggregate total of 2,044 restricted share units (RSUs) pursuant to the terms of the Issuer's Share Election Program as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The awards were granted for the quarterly period from 1/1/2016 to 3/31/2016. The awards vested immediately upon grant.
- F2Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F3Price reflects weighted average sales price; actual sales prices ranged from $12.2501 to $12.2537. 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 16,309 unvested Restricted Stock Units (RSU's) 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.