JABIL INC — Director's Dealing 2010

Oct 25, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2010-10-21

Reporting Person: MOREAN WILLIAM D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-21	Common Stock	A	12000.0000	—	Acquired	3835133.0000	Direct
2010-10-21	Common Stock	G	69760.0000	—	Disposed	129140.0000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15912.0000	Indirect
Common Stock	79935.0000	Indirect
Common Stock	11004502.0000	Indirect

Footnotes

F1: This represents the grant of a restricted stock unit award. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. The restricted stock units will become vested on August 31, 2011, provided that on such date the reporting person is an employee or director of, or otherwise a consultant (as defined in the relevant Stock Incentive Plan) to, the Company or a subsidiary.

F2: Mr. Morean is a director of Eagle's Wing Foundation, a private charitable foundation, and may be deemed to have shared voting and dispositive power over shares held by the foundation. Mr. Morean disclaims beneficial ownership of these shares because he has no pecuniary interest therein.

F3: The reporting person disclaims beneficial ownership of the securities shown as being held by the reporting person's spouse, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F4: Mr. Morean is trustee of the William D. Morean Trust and has voting and dispositive power over the shares held by such trust.

F5: Mr. Morean is a member of a two-person management committee created under the William E. Morean Residual Trust and as such shares voting and dispositive power over shares held by the trust. Mr. Morean and his family members are beneficiaries of the trust.