SEC Form 4 · accession 0000052988-15-000061
JACOBS SOLUTIONS INC. · J
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph G. Mandel
Officer — Executive Vice President
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 2:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000052988
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitF2,F1,F3 | — | May 22, 2015 | A | 1,551 | A | — | — | Common Stock | 1,551 | 1,551 | D |
Explanation of responses
- F1Each performance stock unit award represents a contingent right to receive one share of JEC common stock based on the Company's net earnings growth.
- F2Represents 58.17% of the target amount earned through the first performance vesting period ended on May 22, 2015. The performance stock units were granted to the Reporting Person on May 22, 2014 and were originally reported on a Form 4 filed with the Security Exchange Commission on May 27, 2014 at 200% of the target amount.
- F3Performance stock units vest on May 22, 2017, subject to the Reporting Person's continued employment with the Company through such date.