SEC Form 4 · accession 0001104659-18-062290
SANMINA CORP · SANM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Joseph Clarke
Officer — CEO · Director
Period of report
Oct 15, 2018
Accepted (ET)
Oct 16, 2018 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000897723
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 15, 2018 | A | 100,000 | $23.96 | A | 157,395 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Option (Right to Buy)F3 | $23.96 | Oct 15, 2018 | A | 150,000 | A | — | Oct 15, 2028 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF SANMINA CORPORATION COMMON STOCK.
- F2THE RESTRICTED STOCK UNITS VEST AS FOLLOWS: 25,000 SHARES ON OCTOBER 15, 2019, 35,000 SHARES ON OCTOBER 15, 2020 AND 40,000 SHARES ON OCTOBER 15, 2021, CONTINGENT UPON THE CONTINUED SERVICE OF THE REPORTING PERSON.
- F3THE OPTIONS SHALL VEST BASED UPON ACHIEVEMENT OF CERTAIN COMPANY STOCK PRICE LEVELS WITHIN A SPECIFIED PERIOD OF TIME.