SEC Form 4 · accession 0001209191-16-128095
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
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 8:50 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 | Jun 13, 2016 | S | 5,151 | $12.61 | D | 280,325 | 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) 18,750 unvested Restricted Stock Units, which will vest on May 21, 2017; (2) 37,543 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 26, 2016; and (3) 40,290 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 10, 2017.
- 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.