SEC Form 4 · accession 0001209191-18-039075
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 19, 2018
Accepted (ET)
Jun 21, 2018 · 9:21 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 SharesF1 | Jun 19, 2018 | A | 11,311 | $0.00 | A | 62,798 | D | |
| Ordinary SharesF2 | Jun 19, 2018 | A | 14,964 | $0.00 | A | 77,762 | D | |
| Ordinary SharesF4,F5,F6 | Jun 21, 2018 | S | 10,576 | $14.4959 | D | 67,186 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 6/10/2015, 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.
- F2Consists of 14,964 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 19, 2019.
- F3Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- F4Price reflects weighted average sales price; actual sales prices ranged from $14.491 to $14.513. 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
- F5Includes the following: (1) 6,250 unvested Restricted Stock Units, which will vest on June 26, 2018; (2) 5,656 unvested Restricted Stock Units, which will vest on June 10, 2019; (3) 9,751 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 14, 2019; (4) 15,299 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 29, 2018; and (5) 14,964 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 19, 2019.
- F6Each 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.