SEC Form 4 · accession 0001209191-16-138856
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lay Koon Tan
Director
Period of report
Aug 24, 2016
Accepted (ET)
Aug 26, 2016 · 7:59 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 SharesF1 | Aug 24, 2016 | A | 13,597 | $0.00 | A | 117,494 | D | |
| Ordinary SharesF3 | Aug 24, 2016 | S | 3,292 | $12.7924 | D | 114,202 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 24, 2016 the Reporting Person was awarded a total of 13,597 restricted share units (RSUs) pursuant to the terms of the annual equity award to non-employee directors under the Issuer's 2010 Incentive Plan as more fully described in the section titled "Non-Management Directors' Compensation for Fiscal Year 2016" beginning on page 12 of the Issuer's Proxy Statement filed with the SEC on July 11, 2016. Each RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited. The award shall vest in full on the date immediately prior to the date of Issuer's 2017 annual general meeting.
- F2Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F3Includes 13,597 unvested Restricted Stock Units (RSU's) which vest in full on the date immediately prior to the date of Issuer's 2017 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.