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JACOBS SOLUTIONS INC. — Director's Dealing 2019
Nov 20, 2019
30334_dirs_2019-11-19_c6f4a916-38dd-40bf-aae1-64a4b4d3212f.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: 2019-11-15
Reporting Person: ALLEN WILLIAM B JR (SENIOR VICE PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-15 | Common Stock | M | 3072 | — | Acquired | 10455 | Direct |
| 2019-11-15 | Common Stock | F | 749 | $94.33 | Disposed | 9706 | Direct |
| 2019-11-15 | Common Stock | F | 125 | $94.33 | Disposed | 9581 | Direct |
| 2019-11-18 | Common Stock | M | 2393 | — | Acquired | 11974 | Direct |
| 2019-11-18 | Common Stock | F | 583 | $93.70 | Disposed | 11391 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-15 | Performance Stock Units | $0.00 | M | 3072 | Disposed | Common Stock (3072) | Direct | |
| 2019-11-18 | Performance Stock Units | $0.00 | M | 2393 | Disposed | Common Stock (2393) | Direct |
Footnotes
F1: Represents distribution of JEC common stock upon vesting of performance stock units awarded on November 16, 2016 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 200% of the number of performance stock units initially awarded, with such percentage based on the Company's earnings per share (EPS) growth 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: Represents shares surrendered to satisfy tax withholding liabilities upon vesting of restricted stock units.
F5: The number of performance stock units that vested, and therefore the number of shares of JEC common stock issued upon vesting, represents 155.8% of the number of performance stock units initially awarded, with such percentage based on the Company's average return on invested capital (ROIC) over the three year performance period.
F6: Each performance stock unit award represented a contingent right to receive one share of JEC common stock.
F7: The performance stock units awarded vested on November 16, 2019.