SEC Form 4 · accession 0001209191-16-121459
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Humphries
Officer — President, HRS
Period of report
May 18, 2016
Accepted (ET)
May 18, 2016 · 8:41 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 | May 18, 2016 | S | 12,725 | $12.23 | D | 401,623 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F2Includes the following: (1) 87,500 unvested Restricted Share Units, which will vest in two equal annual installments beginning on May 21, 2016; (2) 82,595 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 26, 2016; and (3) 101,115 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 10, 2016.
- F3Each 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.