SEC Form 4 · accession 0001209191-17-042409
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
Jun 27, 2017
Accepted (ET)
Jun 29, 2017 · 9:08 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 | Jun 27, 2017 | S | 27,531 | $16.606 | D | 248,454 | D | |
| Ordinary SharesF2 | Jun 27, 2017 | A | 110,126 | $0.00 | A | 358,580 | D | |
| Ordinary SharesF3,F4,F5 | Jun 29, 2017 | A | 77,783 | $0.00 | A | 436,363 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F2On 6/26/2014, the Reporting Person was awarded a number of performance-based restricted stock units (RSUs), within a preset range, with the actual number contingent upon the achievement of a certain performance criterion. If the performance criterion is achieved, the RSUs granted vest on the next business day following the third anniversary of the date of grant, subject to applicable taxes upon delivery.
- F3Consists of 77,783 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 29, 2018.
- F4Includes the following: (1) 27,532 unvested Restricted Stock Units, which will vest on June 26, 2018; (2) 50,558 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 10, 2018; (3) 70,364 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 14, 2018; and (4) 77,783 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 29, 2018.
- F5Each 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.