-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P7LuSPWjTXcA8WLujxF7pEkr+4ruONw4dBWCiXKDB7Fjy45BSZDIsE7BrUO/UbZD 8DAEl/utNPQ7/O+m+H8hWA== 0000810902-96-000017.txt : 19970710 0000810902-96-000017.hdr.sgml : 19970710 ACCESSION NUMBER: 0000810902-96-000017 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19960703 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FLEXTRONICS INTERNATIONAL LTD CENTRAL INDEX KEY: 0000866374 STANDARD INDUSTRIAL CLASSIFICATION: 3679 IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46275 FILM NUMBER: 96590629 BUSINESS ADDRESS: STREET 1: BLK 514 CHAI CHEE LANE #04-13 STREET 2: BODEK INDUSTRIAL ESTATE REPUBLIC OF SING CITY: SINGAPORE 1646 STATE: U0 BUSINESS PHONE: 0654495255 FORMER COMPANY: FORMER CONFORMED NAME: FLEX HOLDINGS PTE LTD DATE OF NAME CHANGE: 19940201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BARON ASSET FUND CENTRAL INDEX KEY: 0000810902 STANDARD INDUSTRIAL CLASSIFICATION: 0000 IRS NUMBER: 136891420 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 450 PARK AVE STREET 2: STE 2800 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127597700 MAIL ADDRESS: STREET 1: 450 PARK AVENUE STREET 2: STE 2800 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 SCHEDULE 13D, AMENDMENT NO. 2 Page 1 of 7 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* FLEXTRONICS INTERNATIONAL, LTD ----------------------------------------------------- (Name of Issuer) ORDINARY SHARES ----------------------------------------------------- (Title of Class of Securities) Y2573F102 ----------------------------------------------------- (CUSIP Number) Linda S. Martinson, Esq. (212) 759-7700 450 Park Avenue, Suite 2800, New York, NY 10022 ----------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ----------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEC 1746 (12-91) Schedule 13D Amendment No. 2(continued) CUSIP No. Y2573F102 Page 2 of 7 Pages - - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ronald Baron - - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - - -------------------------------------------------------------------------------- 3 SEC USE ONLY - - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 195,000 BENEFICIALLY -------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,506,300 REPORTING -------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 195,000 -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,506,300 - - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,701,300 - - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.2% - - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 3 of 7 Pages Item 1. Security and Issuer (a) Name of Issuer: Flextronics International, Ltd. (b) Address of Issuer's Principal Executive Offices: 514 Chai Chee Lane # 04-13 Bedok Industrial Estate Singapore 469029 (c) Title and Class of Securities: Ordinary Shares Item 2. Identity and Background (a) Name: Ronald Baron (b) Business Address: 450 Park Avenue Suite 2800 New York, NY 10022 (c) Present Principal Employment: President: Baron Capital Management, Inc., BAMCO, Inc., Baron Capital, Inc. 450 Park Avenue Suite 2800 New York, NY 10022 (d) Record of Convictions: No material change. (e) Record of Civil Proceedings: No material change. (f) Citizenship: No material change. Item 3. Source and Amount of Funds or Other Consideration Reporting Person owns no shares of the issuer directly. As General Partner of Baron Capital Partners, L.P. and Baron Investment Partners, L.P. (The "Partnerships"), he directed the purchase of 195,000 shares for the account of the Partnerships for an aggregate purchase price of $5,610,557. Those shares were paid for by cash assets in BCP's account and by margin borrowings pursuant to the standard margin agreement of Spear, Leeds & Kellogg. An additional 1,360,000 shares were purchased for an aggregate purchase price of $39,262,915 for the accounts of two investment companies registered under the Investment Company Act of 1940, Baron Asset Fund and Baron Growth & Income Fund, (the "Baron Funds"), which are advised by BAMCO, Inc. ("BAMCO"), a registered investment adviser which is controlled by Ronald Baron. An additional 146,300 shares were purchased for an aggregate purchase price of $4,198,466 for the accounts of investment advisory clients of Baron Capital Management, Inc.("BCM") a registered Page 4 of 7 Pages investment company controlled by Ronald Baron. All of those shares were paid for by cash the assets in the accounts of the investment companies and advisory clients. Item 4. Purpose of Transaction No material change. Item 5. Interest in Securities of the Issuer (a) Amount and percentage beneficially owned: Reporting Person: (i) 1,506,300 shares in his capacity as a controlling person of BAMCO and BCM. Reporting Person disclaims that he is the beneficial owner of these shares. (ii) 195,000 shares in his capacity as General Partner of the Partnerships. (iii) no shares personally. (b) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 195,000 (ii) shared power to vote or direct the vote: 1,506,300 (iii) sole power to dispose or to direct the disposition: 195,000 (iv) shared power to dispose or direct the disposition: 1,506,300 Reporting Person may be deemed to share power to vote and dispose of shares referred to herein as a result of his control of the investment advisers for whose advisory clients he is reporting. He may be deemed to have sole power to vote and direct the disposition of the shares referred to above to by reason of being a general partner of the Partnerships. (c) A schedule of transactions effected in the last sixty days is attached hereto. (d) Ownership of More than Five Percent on Behalf of Another Person: The investment advisory clients have the right to receive the dividends from, or the proceeds from the sale of the securities in their respective accounts. To the best of Reporting Person's knowledge, no person has such interest relating to more than 5% of the outstanding class of securities, except that Baron Asset Fund, owns 1,220,000 shares (9.5%). (e) Ownership of Less than Five Percent: Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No material change. Page 5 of 7 Pages Item 7. Material to be Filed as Exhibits Exhibit 99 - 60 days of trading. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: July 2, 1996 /s/ Ronald Baron _______________________________________ Ronald Baron EX-99 2 60-DAY TRANSACTION SCHEDULE FLEXTRONICS (FLEXF) Transaction Schedule From 05-01-96 To 07-01-96 Exec. Account ID Date Quantity Price - - ------------ -------- ---------- --------- baf 05-08-96 5000 35.875 bcm4 05-08-96 900 35.75 baf 05-10-96 10000 36.125 baf 05-13-96 10000 36.5 baf 05-13-96 100 36 baf 05-14-96 10000 36.625 baf 05-15-96 4900 36.625 baf 05-16-96 5000 35.5 baf 05-17-96 20000 35.6562 baf 05-20-96 5000 34.5 baf 05-21-96 6000 34.4167 baf 05-22-96 5000 33.5 baf 05-22-96 9300 33.7258 baf 05-23-96 20700 31.5525 bgi 05-23-96 5000 31.5525 baf 05-24-96 8500 30.8 baf 05-24-96 5000 31.625 bcp 05-24-96 2000 30.8 bcp 05-24-96 2000 31.625 bgi 05-24-96 2000 30.8 bgi 05-24-96 2000 31.625 baf 05-29-96 5500 31.3864 baf 05-30-96 5000 31 bcm4 05-30-96 1500 31 bgi 05-30-96 3000 31 baf 05-31-96 5000 31.125 baf 05-31-96 43000 31.2813 bgi 05-31-96 2500 31.125 bgi 05-31-96 5000 31.2813 baf 06-03-96 14500 30.7383 baf 06-03-96 7500 31.375 bgi 06-03-96 2500 30.7383 bip 06-03-96 7500 30.7383 bip 06-03-96 2500 31.375 baf 06-04-96 25000 31.5 bcp 06-04-96 6000 31.5 bgi 06-04-96 3000 31.5 bip 06-04-96 15000 31.5 baf 06-05-96 20000 31.125 bcm4 06-05-96 300 31.0684 bcm4 06-05-96 2000 31.0684 bcm4 06-05-96 600 31.0684 bcm4 06-05-96 800 31.0684 bcm4 06-05-96 1100 31.0684 bcm4 06-05-96 500 31.0684 bcm4 06-05-96 7900 31.125 bcm4 06-05-96 2100 31.125 bcm4 06-05-96 3000 31.125 bcp 06-05-96 5000 31.125 Exec. Account ID Date Quantity Price - - ------------ -------- ---------- --------- bgi 06-05-96 10000 31.125 baf 06-06-96 10000 30.875 bgi 06-06-96 5000 30.875 bip 06-06-96 5000 30.875 baf 06-07-96 22600 29.8508 bgi 06-07-96 10000 29.8508 baf 06-10-96 11500 29.3323 baf 06-10-96 16900 29.2322 bcm4 06-10-96 6000 29.3323 bcm4 06-10-96 100 29.2322 bcm4 06-10-96 1000 29.2322 bcm4 06-10-96 200 29.2322 bcm4 06-10-96 400 29.2322 bcm4 06-10-96 600 29.2322 bcm4 06-10-96 1300 29.2322 bcm4 06-10-96 400 29.2322 bcm4 06-10-96 300 29.2322 bcm4 06-10-96 400 29.2322 bcm4 06-10-96 1500 29.2322 bcm4 06-10-96 2200 29.2322 bgi 06-10-96 3000 29.3323 bgi 06-10-96 7000 29.2322 baf 06-11-96 4000 28.625 baf 06-11-96 10000 28.1563 baf 06-12-96 15000 26.625 baf 06-12-96 20000 26.313 baf 06-12-96 25000 26.1667 bgi 06-12-96 5000 26.1667 baf 06-13-96 25000 26.625 bcm4 06-13-96 4000 26.625 bcm4 06-13-96 1000 26.625 bgi 06-13-96 5000 26.5 baf 06-14-96 30000 27.277 bcm4 06-14-96 2000 27.277 bcm4 06-14-96 600 27.5 bcp 06-14-96 5000 27.125 bgi 06-14-96 5000 27.277 bip 06-14-96 5000 27.125 baf 06-17-96 15000 27.125 bcp 06-17-96 5000 27.125 baf 06-18-96 27500 27.375 baf 06-18-96 7500 26.375 bgi 06-18-96 2500 27.375 bgi 06-18-96 2500 26.375 baf 06-19-96 45500 25.875 baf 06-19-96 4500 26 baf 06-20-96 15000 25.875 baf 06-21-96 5000 26 baf 06-21-96 12000 25.875 baf 06-21-96 3000 25.875 baf 06-24-96 15000 25.875 baf 06-25-96 20000 25.5 baf 06-26-96 10000 25.125 bgi 06-26-96 4000 25.125 baf 06-27-96 34000 25.125 bgi 06-27-96 6000 25.125 baf 06-28-96 16000 25.375 baf 07-01-96 10000 26.9063 -----END PRIVACY-ENHANCED MESSAGE-----