JABIL INC — Director's Dealing 2010

Dec 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2010-12-22

Reporting Person: PAVER ROBERT L (Corp. Sec. & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-22	Common Stock	M	22000.0000	$15.0000	Acquired	273552.0000	Direct
2010-12-22	Common Stock	M	15000.0000	$15.0000	Acquired	288552.0000	Direct
2010-12-22	Common Stock	M	3600.0000	$15.0000	Acquired	292152.0000	Direct
2010-12-22	Common Stock	S	56808.0000	$20.0000	Disposed	235344.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-22	Incentive Stock Option (Right to Buy)	$15.0000	M	22000.0000	Disposed	2011-09-21	Common Stock (22000.0000)	Direct
2010-12-22	Non-Qualified Stock Option (Right to Buy)	$15.0000	M	3600.0000	Disposed	2011-09-21	Common Stock (3600.0000)	Direct
2010-12-22	Non-Qualified Stock Option (Right to Buy)	$15.0000	M	15000.0000	Disposed	2011-09-21	Common Stock (15000.0000)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: Options shall vest at the rate of 12% of the shares upon the expiration of six (6) months after the Vesting Commencement Date (9/21/01) and 2% of the shares at the end of each month thereafter provided that the optionee is an employee of, or consultant to, the Company or a subsidiary.

F3: The derivative security is a stock option issued under the Issuer's 1992 Stock Option Plan. $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system.

F4: The original Form 4 filed by the reporting person inadvertently aggregated these derivative securities with those titled "Incentive Stock Option (Right to Buy)" granted on the same date.

F5: Options vested 100% on December 12, 2003.