SEC Form 4 · accession 0001209191-17-035576
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael M McNamara
Officer — Chief Executive Officer · Director
Period of report
May 23, 2017
Accepted (ET)
May 25, 2017 · 6:40 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,F3,F4 | May 23, 2017 | S | 58,838 | $16.808 | D | 2,835,668 | 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.
- F2Includes the following: (1) 182,649 unvested Restricted Share Units, which will vest in two equal annual installments beginning on June 26, 2017; (2) 269,628 unvested Restricted Share Units, which will vest in three equal annual installments beginning on June 10, 2017; and (3) 366,615 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.
- F4The shares are held by the McNamara Family Trust.