Accession Number: | 0001209191-19-059152 |
Date: | 2019-12-03 |
Issuer: | FLEX LTD. (FLEX) |
Original Submission Date: |
OFFER DAVID SCOTT
C/O FLEXTRONICS INTERNATIONAL USA, INC.
6201 AMERICA CENTER DRIVE
SAN JOSE, CA 95002
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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ORDINARY SHARES | 2019-12-03 | S | 48,262 | d | $11.39 | 643,100 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | the sale reported in this form 4 represents shares sold by the reporting person to cover tax withholding obligations in connection with thevesting of restricted share units ("rsus"). |
f2 | price reflects weighted average purchase price; actual purchase prices ranged from $11.31 to $11.525. 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 orsold at each separate price. |
f3 | includes the following: (1) 45,000 unvested rsus, which will vest on november 30, 2020; (2) 26,775 unvested rsus, which will vest in two equal annual installments beginning on june 29, 2020; (3) 39,282 unvested rsus, which will vest in three equal annual installments beginning on june 19, 2020; (4) 91,146 unvested rsus, which will vest in four equal annual installments beginning on june 11, 2020; (5) 59,453 unvested rsus, which will vest upon achievement of performance conditions; and (6) 242,718 unvested rsus, which will vest on march 5, 2021. |
f4 | each unvested rsu represents a contingent right to receive one unrestricted, fully transferable share for each vested rsu which has not previously forfeited. |