JABIL CIRCUIT INC 4
4 · JABIL CIRCUIT INC · Filed Oct 24, 2016
Insider Transaction Report
Form 4
MCGEE JOSEPH A
EVP,Strategic Plng&Development
Transactions
- Award
Common Stock
2016-10-20+19,995→ 505,523 total
Footnotes (1)
- [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 adjusted core earnings per share for FY2017 through FY2019. The award has an "overdrive" feature that provides that if cumulative adjusted core earnings per share for FY2017 through FY2019 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 of shares that may be issued upon vesting of the award if the maximum target is met. The award is also subject to vesting conditions tied to continued service, provided, however, that death, disability or certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.