JABIL INC — Director's Dealing 2011

Aug 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2011-08-09

Reporting Person: SANSONE THOMAS A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-09	Common Stock	M	7000.0000	$12.9500	Acquired	104088.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-09	Non-Qualified Stock Option (Right to Buy)	$12.9500	M	7000.0000	Disposed	2012-10-17	Common Stock (7000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	600.0000	Indirect
Common Stock	1441074.0000	Indirect
Common Stock	439325.0000	Indirect
Common Stock	1544780.0000	Indirect

Footnotes

F1: 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.

F2: Mr. Sansone is a director of Life's Requite, Inc., a private charitable foundation, and may be deemed to have shared voting and dispositive power over shares held by the foundation.

F3: TAS Management, Inc., of which Mr. Sansone is the president, is the sole general partner of TASAN Limited Partnership ("TASAN"). This amount includes 558,926 shares that were previously reported as indirectly beneficially owned through a Grantor Retained Annuity Trust ("GRAT") but were transferred by the GRAT to TASAN on December 22, 2010, in a transaction exempt from the Section 16 reporting requirements.

F4: Options shall vest at the rate of 12% of the shares upon the expiration of six (6) months after the Vesting Commencement Date (10/17/02) and 2% of the shares at the end of each month thereafter provided that the optionee is an employee of, or consultant (as defined in the relevant stock incentive plan) to, the Company or a subsidiary.

F5: The derivative security is a stock option issued under the Issuer's 2002 Stock Incentive Plan. $0.00 has been inserted to satisfy the requirements to submit this form via the EDGAR system.