SEC Form 4 · accession 0001209191-17-035562
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Collier
Officer — Chief Financial Officer
Period of report
May 23, 2017
Accepted (ET)
May 25, 2017 · 6:26 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 | May 23, 2017 | S | 12,898 | $16.808 | D | 700,531 | D | |
| Ordinary SharesF2,F3 | May 24, 2017 | S | 4,977 | $16.59 | D | 695,554 | 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 shares award.
- F2Includes the following: (1) 60,069 unvested restricted share units, which will vest in two equal annual installments beginning on June 26, 2017; (2) 77,479 unvested restricted share units, which will vest in three equal annual installments beginning on June 10, 2017; and (3) 96,856 unvested restricted share units, which will vest in four equal annual installments beginning on June 14, 2017.
- F3Each unvested restricted share unit represents a contingent right to receive one unrestricted, fully transferable share for each vested restricted share unit which has not previously forfeited.
Remarks
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.