SEC Form 4 · accession 0001209191-16-128099
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Bennett
Officer — Chief Accounting Officer
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 8:57 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 | Jun 13, 2016 | S | 2,828 | $12.711 | D | 83,145 | D | |
| Ordinary SharesF3 | Jun 13, 2016 | S | 327 | $12.7164 | D | 82,818 | D | |
| Ordinary SharesF4,F5,F6 | Jun 14, 2016 | A | 19,501 | $0.00 | A | 102,319 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F2Price reflects weighted average sales price; actual sales prices ranged from $12.60 to $12.76. 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.
- F3Price reflects weighted average sales price; actual sales prices ranged from $12.67 to $12.75. 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
- F4Consists of 19,501 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F5Includes the following: (1) 4,500 unvested Restricted Stock Units, which will vest on June 15, 2016; (2) 12,600 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 15, 2016; (3) 12,500 unvested Restricted Stock Units, which will vest in two equal installments beginning on July 25, 2016; (4) 18,750 unvested Restricted Stock Units, which will vest in three equal installments beginning on June 26, 2016; (5) 16,968 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 10, 2017; and (6) 19,501 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F6Each 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.
Remarks
The sales as reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.