SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Read Paul

(Last)

(First)

(Middle)

C/O FLEXTRONICS INTERNATIONAL LTD.

#28-00 SINGAPORE 018989

(Street)

SINGAPORE

018989

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2008

3. Issuer Name and Ticker or Trading Symbol
FLEXTRONICS INTERNATIONAL LTD. [ FLEX ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares⁽¹⁾	30,000	D
Ordinary Shares⁽²⁾	50,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	⁽³⁾	12/20/2010	Ordinary Shares	12,500	$23.19	D
Employee Stock Option (right to buy)	⁽³⁾	07/06/2011	Ordinary Shares	545	$23.02	D
Employee Stock Option (right to buy)	⁽³⁾	10/01/2011	Ordinary Shares	27,947	$15.9	D
Employee Stock Option (right to buy)	⁽³⁾	01/09/2014	Ordinary Shares	80,000	$16.57	D
Employee Stock Option (right to buy)	⁽³⁾	07/01/2013	Ordinary Shares	20,000	$10.34	D
Employee Stock Option (right to buy)	⁽³⁾	09/28/2014	Ordinary Shares	50,000	$13.18	D
Employee Stock Option (right to buy)	⁽⁴⁾	10/29/2014	Ordinary Shares	125,000	$12.05	D
Employee Stock Option (right to buy)	⁽³⁾	07/06/2011	Ordinary Shares	78	$23.02	D
Employee Stock Option (right to buy)	⁽³⁾	10/01/2011	Ordinary Shares	2,053	$15.9	D
Employee Stock Option (right to buy)	⁽⁵⁾	06/02/2015	Ordinary Shares	700,000	$10.59	D
Employee Stock Option (right to buy)	⁽⁶⁾	06/02/2015	Ordinary Shares	700,000	$10.59	D

Explanation of Responses:

1. Represents a share bonus award (a contingent right to receive Ordinary Shares), which vests in 3 equal installments beginning on April 3, 2009.

2. Represents a share bonus award (a contingent right to receive Ordinary Shares), which vests 100% on May 1, 2010.

3. The option is immediately exercisable and fully vested as of June 30, 2008.

4. As of June 30, 2008, 114,583 of the shares are vested and exercisable. The remaining shares vest and become exercisable in equal monthly installments through October 29, 2008.

5. The option vests and becomes exerciseable for 25% of the shares on June 2, 2009, and in 36 equal monthly installments thereafter.

6. The option vests and become exercisable for 25% of the shares one year after the date of grant and in 36 equal monthly installments thereafter; provided, that no portion of the option may be exercised unless the market price of the Registrant's ordinary shares is at least $12.50 per share.

	/s/ Paul Read, by Stacy Colter as attorney-in-fact.	07/03/2008
	** 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 5 (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).
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