SEC Form 4 · accession 0001209191-16-121429
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
May 16, 2016
Accepted (ET)
May 18, 2016 · 6:51 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 | May 16, 2016 | S | 40,000 | $12.44 | D | 247,758 | D | |
| Oridnary SharesF3,F4 | May 18, 2016 | S | 7,100 | $12.23 | D | 240,658 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $12.43 to $12.45. 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.
- F2Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F3Includes the following: (1) 37,500 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on May 21, 2016; (2) 37,543 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 26, 2016; and (3) 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.