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SANM Sanmina Corporation

73.045
-0.175 (-0.24%)
Last Updated: 15:14:41
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sanmina Corporation NASDAQ:SANM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.175 -0.24% 73.045 72.92 73.14 73.92 72.91 72.91 15,669 15:14:41

Statement of Changes in Beneficial Ownership (4)

19/11/2014 11:56pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SOLA JURE
2. Issuer Name and Ticker or Trading Symbol

SANMINA CORP [ SANM ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman & CEO
(Last)          (First)          (Middle)

2700 NORTH FIRST STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

11/17/2014
(Street)

SAN JOSE, CA 95134
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   11/17/2014     F    20167   (1) D $24.65   365662   D    
Common Stock   (2) 11/17/2014     A    65000   (3) A $24.65   430662   D    
Common Stock   11/18/2014     S    4457   D $24.8639   (7) 426205   D    
Common Stock   11/19/2014     S    25376   D $24.4178   (8) 400829   D    
Common Stock                  243072   I   Sola 2012 Heritage Trust  
Common Stock                  58531   I   Sola Family Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Non Qualified Stock Option (Right to Buy)   $24.65   11/17/2014     A      200000         (4) 11/17/2024   Common Stock   200000   $0   200000   D    
Performance Rights     (5) 11/17/2014     A      135000         (6) 12/31/2017   Common Stock   135000   $0   135000   D    

Explanation of Responses:
( 1)  SHARES WITHHELD BY REGISTRANT TO SATISFY MINIMUM STATUTORY WITHHOLDING REQUIREMENTS ON VESTING OF RESTRICTED STOCK UNITS.
( 2)  EACH RESTRICTED STOCK UNIT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF SANMINA CORPORATION COMMON STOCK.
( 3)  THE RESTRICTED STOCK UNITS VEST 1/3RD YEARLY FOR 3 YEARS.
( 4)  THE OPTIONS SHALL VEST BASED UPON ACHIEVEMENT OF CERTAIN COMPANY STOCK PRICE LEVELS WITHIN A SPECIFIED PERIOD OF TIME.
( 5)  EACH PERFORMANCE RIGHT REPRESENTS A CONTINGENT RIGHT TO RECEIVE ONE SHARE OF SANMINA CORPORATION COMMON STOCK.
( 6)  PERFORMANCE RIGHTS SHALL VEST IF CERTAIN COMPANY FINANCIAL PERFORMANCE METRICS ARE ACHIEVED WITHIN A SPECIFIED PERIOD OF TIME.
( 7)  THE SALE PRICE REPORTED IN COLUMN 4 OF TABLE 1 REPRESENTS THE WEIGHTED AVERAGE SALE PRICE OF SHARES SOLD RANGING FROM $24.75 TO $24.90 PER SHARE. UPON REQUEST BY THE COMMISSION STAFF, THE ISSUER, OR SECURITY HOLDER OF THE ISSUER, THE REPORTING PERSON WILL PROVIDE FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE.
( 8)  THE SALE PRICE REPORTED IN COLUMN 4 OF TABLE 1 REPRESENTS THE WEIGHTED AVERAGE SALE PRICE OF SHARES SOLD RANGING FROM $24.24 TO $24.57 PER SHARE. UPON REQUEST BY THE COMMISSION STAFF, THE ISSUER, OR SECURITY HOLDER OF THE ISSUER, THE REPORTING PERSON WILL PROVIDE FULL INFORMATION REGARDING THE NUMBER OF SHARES SOLD AT EACH SEPARATE PRICE.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SOLA JURE
2700 NORTH FIRST STREET
SAN JOSE, CA 95134
X
Chairman & CEO

Signatures
/s/Christopher K. Sadeghian, Attorney-in-Fact 11/19/2014
** 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 control number.

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