JABIL CIRCUIT INC 4
4 · JABIL CIRCUIT INC · Filed Oct 24, 2011
Insider Transaction Report
Form 4
LOVATO JOHN P
EVP, CEO, Consumer Division
Transactions
- Tax Payment
Common Stock
2011-10-20$19.54/sh−14,658$286,417→ 575,809 total - Award
Common Stock
2011-10-20+82,521→ 578,029 total - Award
Common Stock
2011-10-20+27,096→ 605,125 total - Tax Payment
Common Stock
2011-10-20$19.54/sh−14,658$286,417→ 561,151 total - Tax Payment
Common Stock
2011-10-20$19.54/sh−42,298$826,503→ 518,853 total - Tax Payment
Common Stock
2011-10-20$19.54/sh−14,658$286,417→ 590,467 total
Footnotes (3)
- [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 FY2012 through FY2016. The award has an "overdrive" feature that provides that if cumulative core EPS for FY2012 through FY2014 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 1 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 retirement before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.
- [F2]Column 5 of Table I includes 728 shares and 1,120 shares acquired on June 30, 2011 and December 31, 2010, respectively, under the 2002 Employee Stock Purchase Plan of Jabil Circuit, Inc.
- [F3]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 10/20/11), 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 relevant Stock Award and Incentive Plan) to the Company or subsidiary; provided, however, that death, disability or retirement before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.