JABIL INC — Director's Dealing 2013

Oct 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JABIL CIRCUIT INC (JBL)
CIK: 0000898293
Period of Report: 2013-10-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-17	Common Stock	A	48795.0000	$0.0000	Acquired	236057.0000	Direct
2013-10-17	Common Stock	A	16270.0000	$0.0000	Acquired	252327.0000	Direct
2013-10-17	Common Stock	S	3764.0000	$21.9694	Disposed	248563.0000	Direct
2013-10-17	Common Stock	F	8578.0000	$21.9900	Disposed	239985.0000	Direct
2013-10-17	Common Stock	F	11253.0000	$21.9900	Disposed	228732.0000	Direct

Footnotes

F1: This represents the grant of a performance-based restricted stock unit award that provides for vesting at varying rates based on specified performance-based criteria. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. Shares are earned based on cumulative core EPS for FY2015 through FY2016. The award has an "overdrive" feature that provides that if cumulative core EPS for FY2015 through FY2016 is in excess of a specified amount the reporting person is entitled to additional shares. The number of shares listed in Column 4 of Table I represents the maximum number of shares that may be issued upon vesting of the award if the maximum target is met (i.e., the full "overdrive" amount). The award is also subject to vesting conditions tied to continued service; provided, however, that death, disability or for certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.

F2: This represents the grant of a restricted stock unit award. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. The restricted stock units will become vested at the rate of 30% of the shares on the 1st anniversary of the date of grant (which date of grant was 10/17/13), and 30% of the shares on the 2nd anniversary of the date of grant, and the remaining 40% of the shares on the 3rd anniversary of the date of grant, provided that in all instances the reporting person is an employee of, or consultant (as defined in the Plan) to the Company or subsidiary; provided, however, that death, disability or for certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.

F3: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F4: The transactions reflected on this line were executed in multiple trades at prices ranging from $21.6800 to $22.1200. 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.