4//SEC Filing
MULTI FINELINE ELECTRONIX INC 4
Accession 0001181431-13-032625
CIK 0000830916operating
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 5:58 PM ET
Size
12.8 KB
Accession
0001181431-13-032625
Insider Transaction Report
Form 4
Lim Linda Y.C.
Director
Transactions
- Exercise/Conversion
Common Stock
2013-05-23+1,362→ 25,418 total(indirect: See Footnote) - Exercise/Conversion
Restricted Stock Unit
2013-05-23−4,768→ 0 total→ Common Stock (4,768 underlying) - Exercise/Conversion
Restricted Stock Unit
2013-05-23−1,362→ 0 total→ Common Stock (1,362 underlying) - Exercise/Conversion
Common Stock
2013-05-23+4,768→ 24,056 total(indirect: See Footnote)
Footnotes (6)
- [F1]On May 28, 2013, United Engineers Limited ("UEL") and UE Centennial Venture Pte. Ltd (together with UEL, "UE") filed with the SEC an Initial Statement of Beneficial Ownership of Securities on Form 3 (the "Form 3") and a Schedule 13D under the Exchange Act (the "Schedule 13D") announcing that UE owned or had agreed to acquire more than 50% of the ordinary stock units of WBL Corporation Limited ("WBL," who may be deemed to indirectly beneficially own a majority of the Company's common stock - the "Shares"). The filing of the Form 3 and the Schedule 13D was the first instance the Company was informed that UE had acquired a majority of the ordinary stock units of WBL. Based on the disclosure in the Form 3 and the Schedule 13D, UE may also be deemed to now share voting and dispositive power over the Shares with WBL, which results in a new controlling entity with respect to the Company.
- [F2]In connection with the foregoing, the Company reviewed its 2004 Stock Incentive Plan, as amended and restated to date (the "2004 Plan"), and determined that a "Change in Control," as defined in the 2004 Plan, occurred as of May 23, 2013, the date on which UE has advised the Company that it owned a controlling majority of the stock units of WBL. On May 31, 2013, the Company's Compensation Committee met and confirmed that pursuant to the terms of the 2004 Plan, the Change in Control resulted in the accelerated vesting of all outstanding time-based restricted stock units. This Form 4 is being filed before the end of the second business day following such confirmation by the Company's Compensation Committee.
- [F3]Acquired pursuant to the vesting of RSUs granted on March 7, 2013.
- [F4]By the Linda Yuen-Ching Lim Gosling Trust U/A DTD 06-06-1994 (the "Trust"). The reporting person is the trustee of the Trust and disclaims beneficial ownership of the securities held by the Trust, except to the extent of her pecuniary interest therein.
- [F5]Each RSU represents a contingent right to receive one share of MFLX common stock or the cash equivalent based on the date of vesting.
- [F6]RSUs vested on May 23, 2013 due to the accelerated vesting described in footnotes 1 and 2.
Documents
Issuer
MULTI FINELINE ELECTRONIX INC
CIK 0000830916
Entity typeoperating
Related Parties
1- filerCIK 0000830916
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 5:58 PM ET
- Size
- 12.8 KB