SEC Form 4 · accession 0001209191-16-126344
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Humphries
Officer — President, HRS
Period of report
Jun 6, 2016
Accepted (ET)
Jun 7, 2016 · 6:11 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 Shares | Jun 6, 2016 | M | 50,000 | $5.57 | A | 591,943 | D | |
| Ordinary SharesF1,F2,F3 | Jun 6, 2016 | S | 50,000 | $12.7389 | D | 541,943 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $5.57 | Jun 6, 2016 | M | 50,000 | D | — | Aug 11, 2016 | Ordinary Shares | 50,000 | 163,889 | D |
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $12.655 to $12.78. 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.
- F2Includes the following: (1) 43,750 unvested Restricted Share Units, which will vest on May 21, 2017; (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.
- F4The award was fully vested on August 11, 2012.
Remarks
The option exercised as reported in this Form 4 is scheduled to expire on August 11, 2016, and was effected pursuant to a Rule 10b5-1 trading plan.