SEC Form 4
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*
Collier Christopher

(Last) (First) (Middle)
C/O FLEXTRONICS INTERNATIONAL USA, INC.
847 GIBRALTAR DRIVE

(Street)
MILPITAS CA 95035

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FLEXTRONICS INTERNATIONAL LTD. [ FLEX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2009
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)
Code V Amount (A) or (D) Price
Ordinary Shares 12/01/2009 M 10,000 A $5.96 104,112 D
Ordinary Shares 12/01/2009 S(1) 10,000 D $7.23(2) 94,112 D
Ordinary Shares 12/01/2009 M 10,000 A $2.26 104,112 D
Ordinary Shares 12/01/2009 S(1) 10,000 D $7.23(2) 94,112 D
Ordinary Shares 12/01/2009 S(1) 5,000 D $7.2 89,112 D
Ordinary Shares 12/02/2009 M 12,500 A $5.96 101,612 D
Ordinary Shares 12/02/2009 S(1) 12,500 D $7.55 89,112 D
Ordinary Shares 12/02/2009 M 25,000 A $2.26 114,112 D
Ordinary Shares 12/02/2009 S(1) 25,000 D $7.55 89,112 D
Ordinary Shares 12/02/2009 S 5,000 D $7.5 84,112(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $5.96 12/01/2009 M 10,000 (4) 07/02/2012 Ordinary Shares 10,000 $0 100,000 D
Stock Option (right to buy) $2.26 12/01/2009 M 10,000 (5) 12/05/2015 Ordinary Shares 10,000 $0 290,000 D
Stock Option (right to buy) $5.96 12/02/2009 M 12,500 (4) 07/02/2012 Ordinary Shares 12,500 $0 87,500 D
Stock Option (right to buy) $2.26 12/02/2009 M 25,000 (5) 12/05/2015 Ordinary Shares 15,000 $0 265,000 D
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
2. Represents the sale of 10,000 shares in seven separate transactions, ranging from $7.20 to $7.25 per share, resulting in a weighted average sale price per share of $7.23.
3. Includes 20,000 unvested shares of a share bonus award (contingent right to receive Ordinary Shares), which vest in two equal annual installments beginning on April 3, 2010 and 37,500 unvested shares of a share bonus award, which will vest on May 1, 2010.
4. The options began vesting on August 2, 2002 and are now fully exercisable.
5. The options vest and becomes exercisable in four equal installments beginning June 2, 2009 and 25% annually thereafter.
/s/ Chris Collier, by Carrie Schiff as attorney-in-fact 12/03/2009
** 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.