SEC Form 4 · accession 0001209191-19-004423
FLEX LTD. · FLEX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lay Koon Tan
Director
Period of report
Jan 15, 2019
Accepted (ET)
Jan 17, 2019 · 8:01 pm EST
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 | Jan 15, 2019 | A | 2,837 | $0.00 | A | 144,766 | D | |
| Ordinary SharesF1 | Jan 15, 2019 | A | 473 | $0.00 | A | 145,239 | D | |
| Ordinary SharesF3,F4 | Jan 17, 2019 | S | 672 | $7.9124 | D | 144,567 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 15, 2019, the Reporting Person was awarded a total of 3,310 Restricted Share Units ("RSUs") pursuant to the terms of the Issuer's Share Election Program as approved by Issuer's Board of Directors and Shareholders on 7/24/2013 and 7/29/2013, respectively. The awards were granted for the quarterly period from 10/1/2018 to 12/31/2018. The awards vested immediately upon grant.
- F2The sale reported in this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.
- F3Price reflects weighted average sales price; actual sales prices ranged from $7.80 to $7.98. 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 13,868 unvested RSUs which vest in full on the date immediately prior to the date of Issuer's 2019 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.