JABIL INC — Director's Dealing 2011

Jul 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2011-06-30

Reporting Person: MAIN TIMOTHY L (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-30	Common Stock	M	148900.0000	$15.0000	Acquired	2050726.0000	Direct
2011-06-30	Common Stock	M	50000.0000	$15.0000	Acquired	2100726.0000	Direct
2011-06-30	Common Stock	S	198900.0000	$20.0409	Disposed	1901826.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-30	Employee Stock Option (Right to Buy)	$15.0000	M	148900.0000	Disposed	2011-09-21	Common Stock (148900.0000)	Direct
2011-06-30	Non-Qualified Stock Option (Right to Buy)	$15.0000	M	50000.0000	Disposed	2011-09-21	Common Stock (50000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1009.0000	Indirect
Common Stock	1009.0000	Indirect
Common Stock	1009.0000	Indirect

Footnotes

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

F2: Column 5 of Table I includes 728 shares and 1,120 shares acquired on June 30, 2011 and December 31, 2010, respectively, under the 2002 Employee Stock Purchase Plan of Jabil Circuit, Inc.

F3: The reporting person disclaims beneficial ownership of the securities shown as being held by the Brian James Main Irrevocable Trust, which is for the benefit of one of the reporting person's children, and for which the reporting person is one of three trustees who share voting and dispositive power. 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: The reporting person disclaims beneficial ownership of the securities shown as being held by the Melissa Marian Nelson Main Irrevocable Trust, which is for the benefit of one of the reporting person's children, and for which the reporting person is one of three trustees who share voting and dispositive power. 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.

F5: The reporting person disclaims beneficial ownership of the securities shown as being held by the Timothy Lee Main, II Irrevocable Trust, which is for the benefit of one of the reporting person's children, and for which the reporting person is one of three trustees who share voting and dispositive power. 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.

F6: 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.

F7: 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.

F8: Options vested 100% on December 12, 2003.