FLEXTRONICS INTERNATIONAL LTD. 4
4 · FLEXTRONICS INTERNATIONAL LTD. · Filed Jun 8, 2015
Insider Transaction Report
Form 4
HOAK JONATHAN S
EVP, General Counsel
Transactions
- Sale
Ordinary Shares
2015-06-04$11.97/sh−5,320$63,693→ 269,154 total - Award
Ordinary Shares
2015-06-04+16,125→ 274,474 total
Footnotes (5)
- [F1]On 06/03/2011, the Reporting Person was awarded a number of performance-based restricted stock units (RSUs), within a preset range, with the actual number contingent upon the achievement of a certain performance criterion. If the performance criterion is achieved, fifty percent (50%) of the RSUs granted vest on the next business day following the third and fourth anniversaries of the date of grant, subject to applicable taxes upon delivery.
- [F2]Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company incident to vesting of restricted stock share award.
- [F3]Price reflects weighted average sales price; actual sales prices ranged from $11.971 to $11.980. 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.
- [F4]Includes the following: (1) 18,750 unvested Restricted Stock Units, which will vest on May 17, 2016; (2) 37,500 unvested Restricted Stock Units, which will vest in two equal annual installments beginning on May 21, 2016; and (3) 50,057 unvested Restricted Stock Units, which will vest in four equal annual installments beginning on June 26, 2015.
- [F5]Each unvested Restricted Stock Unit represents a contingent right to receive one unrestricted, fully transferable share for each vested Restricted Stock Unit which has not previously forfeited.