SEC Form 4 · accession 0001209191-17-047718
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Willy C Shih
Director
Period of report
Aug 3, 2017
Accepted (ET)
Aug 4, 2017 · 4:43 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 | Aug 3, 2017 | M | 25,000 | $11.00 | A | 206,895 | D | |
| Ordinary SharesF1,F2 | Aug 3, 2017 | S | 25,000 | $16.0348 | D | 181,895 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $11.00 | Aug 3, 2017 | M | 25,000 | D | — | Jan 10, 2018 | Ordinary Shares | 25,000 | 0 | D |
Explanation of responses
- F1Price reflects weighted average sales price; actual sales prices ranged from $15.93 to $16.165. 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.
- F2Includes 13,597 unvested restricted share units (RSUs) which vest in full on the date immediately prior to the date of Issuer's 2017 annual general meeting. Each unvested RSU represents a contingent right to receive one unrestricted, fully transferrable share for each vested RSU which has not been previously forfeited.
- F3The award was fully vested on January 10, 2012.
Remarks
The option exercised as reported in this Form 4 is scheduled to expire on January 10, 2018, and was effected pursuant to a Rule 10b5-1 trading plan.