0.31%QQQQ 43.45 
0.48%XLF 21.74 3.62%
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NEW YORK - The chief financial officer of contract electronics manufacturer Flextronics International sold 108,333 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Thursday.
| FLEX | 8.3 |  -0.12 |
In a Form 4 filed with the SEC, Thomas Smach reported he sold the shares Wednesday and Thursday for $10.44 to $10.84 apiece.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Flextronics International is based in Singapore.
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