JABIL INC — Director's Dealing 2012

Apr 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2012-03-30

Reporting Person: MAIN TIMOTHY L (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-30	Common Stock	M	115600.0000	$12.9500	Acquired	2044325.0000	Direct
2012-03-30	Common Stock	S	115600.0000	$25.2494	Disposed	1928725.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-30	Employee Stock Option (Right to Buy)	$12.9500	M	115600.0000	Disposed	2012-10-17	Common Stock (115600.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2155.0000	Indirect
Common Stock	2155.0000	Indirect
Common Stock	1145.0000	Indirect
Common Stock	1145.0000	Indirect

Footnotes

F1: The transactions reflected on this line were executed in multiple trades at prices ranging from $25.1500 to $25.3200. 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.

F2: 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.

F3: 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.

F4: The reporting person disclaims beneficial ownership of the securities shown as being held by the reporting person as custodian for a child under the Florida Uniform Transfers to Minors Act, 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.

F5: 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.

F6: 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.