SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DEMETRIOU STEVEN J.

(Last)

(First)

(Middle)

1999 BRYAN STREET

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
JACOBS SOLUTIONS INC. [ J ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHAIR AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/16/2022		M⁽¹⁾		59,882⁽²⁾	A	⁽¹⁾	615,636	D
Common Stock	11/16/2022		F		23,564⁽³⁾	D	$124.88	592,072	D
Common Stock	11/16/2022		M⁽¹⁾		37,268⁽⁴⁾	A	⁽¹⁾	629,340	D
Common Stock	11/16/2022		F		14,665⁽³⁾	D	$124.88	614,675	D
Common Stock	11/16/2022		A		20,020⁽⁵⁾	A	$124.88	634,695	D
Common Stock	11/17/2022		F		3,248⁽⁶⁾	D	$124.26	631,447	D
Common Stock	11/17/2022		M		51,129⁽⁷⁾	A	$43.94	682,576	D
Common Stock	11/17/2022		S		16,908	D	$123.227⁽⁸⁾	665,668	D
Common Stock	11/17/2022		S		32,721	D	$124.073⁽⁹⁾	632,947	D
Common Stock	11/17/2022		S		1,500	D	$124.845⁽¹⁰⁾	631,447	D
Common Stock	11/18/2022		M		51,130⁽⁷⁾	A	$43.94	682,577	D
Common Stock	11/18/2022		S		15,153	D	$124.63⁽¹¹⁾	667,424	D
Common Stock	11/18/2022		S		34,551	D	$125.27⁽¹²⁾	632,873	D
Common Stock	11/18/2022		S		1,426	D	$125.99⁽¹³⁾	631,447	D
Common Stock								14,300	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Stock Units	$0.00⁽¹⁴⁾	11/16/2022		M⁽¹⁾			59,882⁽²⁾	⁽¹⁵⁾	⁽¹⁵⁾	Common Stock	59,882⁽²⁾	⁽¹⁾	0	D
Performance Stock Units	$0.00⁽¹⁴⁾	11/16/2022		M⁽¹⁾			37,268⁽⁴⁾	⁽¹⁵⁾	⁽¹⁵⁾	Common Stock	37,268⁽⁴⁾	⁽¹⁾	0	D
Stock Options	$43.94	11/17/2022		M			51,129⁽⁷⁾	⁽¹⁶⁾	08/17/2025	Common Stock	51,129	$0.00	0	D
Stock Options	$43.94	11/18/2022		M			51,130⁽⁷⁾	⁽¹⁶⁾	08/17/2025	Common Stock	51,130	$0.00	0	D

Explanation of Responses:

1. Represents distribution of Jacobs common stock upon vesting of performance stock units awarded on November 13, 2019 pursuant to the Company's 1999 Stock Incentive Plan.

2. The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 161.8% 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.

3. Represents number of shares of Jacobs common stock tendered for tax withholding on distribution of Jacobs common stock upon vesting of performance stock units.

4. The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 100.7% 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.

5. Represents the receipt of restricted stock units pursuant to the Company's 1999 Stock Incentive Plan. Each restricted stock unit represents the right to receive one share of Jacobs common stock. The restricted stock unit vests on the first anniversary of grant date.

6. Represents number of shares of Jacobs common stock tendered for tax withholding upon vesting of restricted stock units pursuant to the Company's 1999 Stock Incentive Plan.

7. The sale and exercise were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2022.

8. This transaction was executed in multiple trades at prices ranging from $122.69 to $123.67. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

9. This transaction was executed in multiple trades at prices ranging from $123.71 to $124.71. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

10. This transaction was executed in multiple trades at prices ranging from $124.72 to $125.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

11. This transaction was executed in multiple trades at prices ranging from $123.90 to $124.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

12. This transaction was executed in multiple trades at prices ranging from $124.90 to $125.90. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

13. This transaction was executed in multiple trades at prices ranging from $125.92 to $126.09. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

14. Each performance stock unit award represented a contingent right to receive one share of Jacobs common stock.

15. The performance stock units awarded vested on November 16, 2022.

16. Stock options are fully vested.

Remarks:

	Justin Johnson - Attorney-in-Fact for Steven J. Demetriou	11/18/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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