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JACOBS SOLUTIONS INC. — Director's Dealing 2018
Nov 28, 2018
30334_dirs_2018-11-28_07a5908e-74d7-4c41-8eb9-3c64d55f57aa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JACOBS ENGINEERING GROUP INC /DE/ (JEC)
CIK: 0000052988
Period of Report: 2018-11-26
Reporting Person: DEMETRIOU STEVEN J. (Director, CHAIRMAN AND CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-11-26 | Common Stock | M | 63296 | — | Acquired | 298443 | Direct |
| 2018-11-26 | Common Stock | F | 24907 | $65.27 | Disposed | 273536 | Direct |
| 2018-11-26 | Common Stock | M | 67384 | — | Acquired | 340920 | Direct |
| 2018-11-26 | Common Stock | F | 26516 | $65.27 | Disposed | 314404 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-11-26 | Performance Stock Units | $0.00 | M | 63296 | Disposed | Common Stock (63296) | Direct | |
| 2018-11-26 | Performance Stock Units | $0.00 | M | 67384 | Disposed | Common Stock (67384) | Direct |
Footnotes
F1: Represents distribution of JEC common stock upon vesting of performance stock units awarded on November 19, 2015 pursuant to the 1999 Stock Incentive Plan.
F2: The number of performance stock units that vested, and therefore the number of shares of JEC common stock issued upon vesting, represents 140.9% of the number of performance stock units initially awarded, with such percentage based on the growth of the Company's net earnings over the three year performance period.
F3: Represents number of shares of JEC common stock tendered for tax withholding on distribution of JEC common stock upon vesting of performance stock units.
F4: The number of performance stock units that vested, and therefore, the number of shares of JEC common stock issued upon vesting, represents 150% of the number of performance stock units initially awarded, with such percentage based on the stock price performance of JEC common stock relative to the stock price performance of a defined group of industry peers.
F5: Each performance stock unit award represented a contingent right to receive one share of JEC common stock.
F6: The performance stock units awarded vested on November 26, 2018.