SEC Form 4 · accession 0001209191-16-133985
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Humphries
Officer — President, HRS
Period of report
Jul 25, 2016
Accepted (ET)
Jul 26, 2016 · 7:38 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 | Jul 25, 2016 | M | 203,489 | $5.57 | A | 788,059 | D | |
| Ordinary SharesF1,F2 | Jul 25, 2016 | S | 203,489 | $13.0319 | D | 584,570 | 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)F3 | $5.57 | Jul 25, 2016 | M | 113,889 | D | — | Aug 11, 2016 | Ordinary Shares | 113,889 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $5.57 | Jul 25, 2016 | M | 89,600 | D | — | Aug 11, 2016 | Ordinary Shares | 89,600 | 0 | D |
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $12.955 to $13.09. 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) 55,063 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 26, 2017; (3) 75,837 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 10, 2017; and (4) 95,437 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F3The award was fully vested on August 11, 2012.
Remarks
The options exercised as reported in this Form 4 are scheduled to expire on August 11, 2016, and were effected pursuant to a Rule 10b5-1 trading plan.