SEC Form 4 · accession 0001209191-17-035568
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
May 23, 2017
Accepted (ET)
May 25, 2017 · 6:30 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 | 24,228 | $16.808 | D | 344,240 | D | |
| Ordinary SharesF2,F3,F4 | May 24, 2017 | S | 19,522 | $16.7049 | D | 324,718 | 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 share award.
- F2Price reflects weighted average sales price; actual sales prices ranged from $16.625 to $16.77. 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.
- F3Includes the following: (1) 55,063 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 26, 2017; (2) 75,837 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 10, 2017; and (3) 93,818 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2017.
- F4Each 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 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.