JABIL INC — Director's Dealing 2011

Jul 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2011-07-11

Reporting Person: MONDELLO MARK T (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-11	Common Stock	M	50000.0000	$15.0000	Acquired	1105050.0000	Direct
2011-07-11	Common Stock	M	22000.0000	$15.0000	Acquired	1127050.0000	Direct
2011-07-11	Common Stock	M	4600.0000	$15.0000	Acquired	1131650.0000	Direct
2011-07-11	Common Stock	S	4600.0000	$21.0018	Disposed	1127050.0000	Direct
2011-07-11	Common Stock	S	22000.0000	$20.5402	Disposed	1105050.0000	Direct
2011-07-11	Common Stock	S	50000.0000	$20.5794	Disposed	1055050.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-11	Employee Stock Option (Right to Buy)	$15.0000	M	4600.0000	Disposed	2011-09-21	Common Stock (4600.0000)	Direct
2011-07-11	Employee Stock Option (Right to Buy)	$15.0000	M	22000.0000	Disposed	2011-09-21	Common Stock (22000.0000)	Direct
2011-07-11	Non-Qualified Stock Option (Right to Buy)	$15.0000	M	50000.0000	Disposed	2011-09-21	Common Stock (50000.0000)	Direct

Footnotes

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

F2: The transactions reflected on this line were executed in multiple trades at prices ranging from $21.0000 to $21.0400. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

F3: The transactions reflected on this line were executed in multiple trades at prices ranging from $20.2000 to $21.0400. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

F4: The transactions reflected on this line were executed in multiple trades at prices ranging from $20.5000 to $21.0300. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

F5: 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.

F6: 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.

F7: Options vested 100% on December 12, 2003.