SEC Info - Britt Douglas - ‘4’ for 6/14/18 re: Flex Ltd.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Britt Douglas

(Last)

(First)

(Middle)

6201 AMERICA CENTER DRIVE

(Street)

SAN JOSE

95002

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FLEX LTD. [ FLEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

3. Date of Earliest Transaction (Month/Day/Year)
6/14/18

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	6/14/18		A		2,855 ⁽¹⁾	A	$0.00	8,543	I	By Spouse
Ordinary Shares	9/4/18		S ⁽²⁾		681	D	$13.65	7,862	I	By Spouse
Ordinary Shares	6/14/19		A		4,424 ⁽³⁾	A	$0.00	12,286	I	By Spouse
Ordinary Shares	6/17/19		S ⁽²⁾		294	D	$8.96	11,992 ⁽⁴⁾	I	By Spouse ⁽⁵⁾
Ordinary Shares	1/16/20		S ⁽⁶⁾		15,184	D	$13.3942 ⁽⁷⁾	752,467 ⁽⁸⁾ ⁽⁹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

(1) Consists of 2,855 unvested restricted share units ("RSUs") acquired by spouse of Reporting Person, which will vest in four equal annual installments beginning on June 14, 2019.

(2) The sale reported in this Form 4 represents shares sold by spouse of Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs.

(3) Consists of 4,424 unvested RSUs acquired by spouse of Reporting Person, which will vest in four equal annual installments beginning on June 14, 2020.

(4) 6,566 unvested RSUs were forfeited when Reporting Person's spouse departed Flex in October 2019.

(5) The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(6) The 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.

(7) Price reflects weighted average sales price; actual sales prices ranged from $13.315 to $13.46. 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.

(8) Includes the following: (1) 19,501 unvested RSUs, which will vest on June 14, 2020; (2) 33,660 unvested RSUs, which will vest in two equal annual installments beginning on June 29, 2020; (3) 57,675 unvested RSUs, which will vest in three equal annual installments beginning on June 19, 2020; (4) 113,747 unvested RSUs, which will vest in four equal annual installments beginning on June 11, 2020; (5) 29,727 unvested RSUs, which will vest upon achievement of stock price performance conditions; and (6) 388,349 unvested RSUs, which will vest on March 5, 2021.

(9) Each unvested RSU represents a contingent right to receive one unrestricted, fully transferable share for each vested RSU which has not previously forfeited.

Remarks:

	/s/ Douglas Britt, by Heather Childress as attorney-in-fact	1/21/20
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
S	Open market or private sale of non-derivative or derivative security.

Britt Douglas – ‘4’ for 6/14/18 re: Flex Ltd.

On: Tuesday, 1/21/20, at 4:19pm ET · For: 6/14/18 · Accession #: 1209191-20-4259 · File #: 0-23354

Previous ‘4’: ‘4’ on 12/18/19 for 12/17/18 · Next: ‘4’ on 3/9/20 for 3/6/20 · Latest: ‘4’ on 3/11/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Britt Douglas – ‘4’ for 6/14/18 re: Flex Ltd.

On: Tuesday, 1/21/20, at 4:19pm ET · For: 6/14/18 · Accession #: 1209191-20-4259 · File #: 0-23354

Previous ‘4’: ‘4’ on 12/18/19 for 12/17/18 · Next: ‘4’ on 3/9/20 for 3/6/20 · Latest: ‘4’ on 3/11/24 for 3/7/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents