-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GzTPQRaj9yhaDpUMhNtOLVg3OSXhAIomXeSQgCnI7sRxt5ef25/a/cSvercPRPv9 FkeLGl/GgtRfeER/UDp0Hw== 0001225208-08-016698.txt : 20081024 0001225208-08-016698.hdr.sgml : 20081024 20081024162429 ACCESSION NUMBER: 0001225208-08-016698 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081022 FILED AS OF DATE: 20081024 DATE AS OF CHANGE: 20081024 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: JABIL CIRCUIT INC CENTRAL INDEX KEY: 0000898293 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 381886260 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 BUSINESS ADDRESS: STREET 1: 10560 NINTH ST NORTH CITY: ST PETERSBURG STATE: FL ZIP: 33716 BUSINESS PHONE: 7275779749 MAIL ADDRESS: STREET 1: 10560 NINTH STREET NORTH CITY: ST PETERSBURG STATE: FL ZIP: 33716 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LOVATO JOHN P CENTRAL INDEX KEY: 0001196739 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14063 FILM NUMBER: 081140323 BUSINESS ADDRESS: STREET 1: C/O JABIL CIRCUIT INC STREET 2: 10560 DR. MARTIN LUTHER KING JR. ST N CITY: ST PETERSBURG STATE: FL ZIP: 33716-3718 BUSINESS PHONE: 727-803-3309 MAIL ADDRESS: STREET 1: 10560 DR. MARTIN LUTHER KING JR. ST N CITY: ST PETERSBURG STATE: FL ZIP: 33716-3718 4 1 doc4.xml X0303 4 2008-10-22 0000898293 JABIL CIRCUIT INC JBL 0001196739 LOVATO JOHN P 10560 DR. MARTIN LUTHER KING, JR. ST. N. ST. PETERSBURG FL 33716 1 EVP, CEO, Consumer Division Common Stock 2008-10-22 4 A 0 93200 0 A 281721 D Common Stock 2008-10-22 4 A 0 62800 0 A 344521 D Common Stock 2008-10-22 4 A 0 46600 0 A 391121 D Common Stock 2008-10-22 4 D 0 36610 0 D 354511 D This represents the grant of a performance-based restricted stock unit award that provides for vesting at varying rates based on certain performance-based criteria. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. The award has an "overdrive" feature that provides that if the Compound Annual Growth Rate ("CAGR") of the Company's core EPS for FY09 through FY11 is in excess of a certain specified percentage the reporting person is entitled to additional shares. The number of shares listed in Column 4 of Table 1 represents the maximum of shares that may be issued upon vesting of the award if the CAGR maximum target is met. Column 5 of Table I includes 995 shares acquired on June 30, 2008, under the 2002 Employee Stock Purchase Plan of Jabil Circuit, Inc. This represents the grant of a performance-based restricted stock unit award that provides for vesting at varying rates based on certain performance-based criteria. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. The extent and timing of the vesting of the units are based on comparisons of the increase in the market price of the Company's stock and the S&P 500 Composite Stock Index (assuming in each case a reinvestment of dividends) during each of FY09, FY10 and FY11. 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 10/22/08), 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 Incentive Plan) to the Company or subsidiary. This represents a performance-based restricted stock award that was granted on October 11, 2005 with restrictions that lapse at varying rates based on certain performance-based criteria. The award included an "overdrive" feature that provided that if the Compound Annual Growth Rate ("CAGR") of the Company's core EPS for FY06 through FY08 was in excess of a certain specified percentage the reporting person would be entitled to additional shares. The number of shares listed in Column 4 of Table 1 represents the maximum of shares that would have been issued pursuant to the award if the CAGR maximum target had been met. On October 22, 2008, the reporting person forfeited all of the shares subject to the award because the CAGR minimum target was not met. /s/ Kathryn M. Vetter, Attorney-in-Fact 2008-10-24 -----END PRIVACY-ENHANCED MESSAGE-----