JABIL INC — Director's Dealing 2010

Jan 29, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2010-01-21

Reporting Person: LIEBEL HARTMUT (SVP, President, AMS Division)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	298315	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (Right to Buy)	$12.95	2012-10-17	Common Stock (72)		Direct
Incentive Stock Option (Right to Buy)	$19.42	2012-07-18	Common Stock (1800)		Direct
Non-Qualified Stock Option (Right to Buy)	$24.02	2014-10-20	Common Stock (27000)		Direct
Stock Appreciation Right	$21.56	2017-10-23	Common Stock (20000)		Direct
Stock Appreciation Right	$29.31	2016-10-25	Common Stock (12000)		Direct
Stock Appreciation Right	$29.79	2015-10-10	Common Stock (12000)		Direct

Footnotes

F1: See Exhibit 99 (attached) for more details regarding these securities.

F2: Stock Appreciation Rights shall vest at the rate of one-twelfth of the initial shares subject to the award one year and three months after the date of grant (which date of grant was 10/24/2007), with an additional one-twelfth of the initial shares subject to the award vesting on the same calendar date of each successive three month period thereafter, with, as a result, all of the initial shares subject to the award vesting by four years from the date of grant; provided that in all instances the reporting person is an employee of, or consultant (as defined in the relevant stock incentive plan) to, the Company or a subsidiary (absent the reporting person being entitled to additional time to vest upon retirement).

F3: Stock Appreciation Rights shall vest at the rate of one-twelfth of the initial shares subject to the award one year and three months after the date of grant (which date of grant was 10/26/2006), with an additional one-twelfth of the initial shares subject to the award vesting on the same calendar date of each successive three month period thereafter, with, as a result, all of the initial shares subject to the award vesting by four years from the date of grant; provided that in all instances the reporting person is an employee of, or consultant (as defined in the relevant stock incentive plan) to, the Company or a subsidiary.

F4: Stock Appreciation Rights shall vest at the rate of one-twelfth of the initial shares subject to the award one year and three months after the date of grant (which date of grant was 10/11/2005), with an additional one-twelfth of the initial shares subject to the award vesting on the same calendar date of each successive three month period thereafter, with, as a result, all of the initial shares subject to the award vesting by four years from the date of grant; provided that in all instances the reporting person is an employee of, or consultant (as defined in the relevant stock incentive plan) to, the Company or a subsidiary.