SEC Form 4 · accession 0001209191-17-043743
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Bennett
Officer — Chief Accounting Officer
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 7:13 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 | Jun 30, 2017 | S | 13,750 | $16.2011 | D | 68,987 | D | |
| Ordinary SharesF3,F4,F5 | Jun 30, 2017 | S | 11,250 | $16.2035 | D | 57,737 | 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.
- F2Price reflects weighted average sales price; actual sales prices ranged from $16.105 to $16.42. 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.
- F3Price reflects weighted average sales price; actual sales prices ranged from $16.09 to $16.42. 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
- F4Includes the following: (1) 6,250 unvested Restricted Stock Units, which will vest on July 25, 2017; (2) 6,250 unvested Restricted Stock Units, which will vest on June 26, 2018; (3) 11,312 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 10, 2018; (4) 14,626 unvested Restricted Stock Units, which will vest in three equal annual installments beginning on June 14, 2018; and (5) 15,299 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 as reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.