SEC Form 4 · accession 0001209191-18-040109
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Britt
Officer — President
Period of report
Jun 27, 2018
Accepted (ET)
Jun 29, 2018 · 6:13 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,F3,F4 | Jun 27, 2018 | S | 8,067 | $14.2772 | D | 309,302 | D | |
| Ordinary SharesF5,F6 | holding | — | — | — | 8,543 | I | By Spouse |
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 shares award.
- F2Price reflects weighted average sales price; actual sales prices ranged from $14.21 to $14.395. 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.
- F3Each 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.
- F4Includes the following: (1) 20,661 unvested Restricted Stock Units, which will vest on June 10, 2019; (2) 39,002 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on June 14, 2019; (3) 67,319 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 29, 2018; and (4) 76,899 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 19, 2019.
- F5Includes the following: (1) 2,000 unvested Restricted Stock Units, which will vest on August 31, 2018; and (2) 2,855 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 14, 2019.
- F6The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Remarks
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.