SEC Form 4 · accession 0001209191-16-128101
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francois Barbier
Officer — President, Global Operations
Period of report
Jun 13, 2016
Accepted (ET)
Jun 15, 2016 · 8:59 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 | 22,750 | $12.7099 | D | 352,340 | D | |
| Ordinary SharesF3,F4,F5 | Jun 14, 2016 | A | 93,818 | $0.00 | A | 446,158 | 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 $12.57 to $12.77. 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.
- F3Consists of 93,818 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F4Includes 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; (3) 75,837 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 10, 2017; and (4) 93,818 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F5Each 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.