SEC Form 4 · accession 0001209191-18-037355
JACOBS SOLUTIONS INC. · J
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael R Tyler
Officer — SVP & GENERAL COUNSEL
Period of report
Jun 8, 2018
Accepted (ET)
Jun 12, 2018 · 9:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000052988
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F1 | Jun 8, 2018 | M | 1,848 | — | A | 24,400 | D | |
| Common StockF3 | Jun 8, 2018 | F | 640 | $66.60 | D | 23,760 | D |
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,F4,F5 | $0.00 | Jun 8, 2018 | M | 1,848 | D | — | — | Common Stock | 1,848 | 0 | D |
Explanation of responses
- F1Represents distribution of JEC common stock upon vesting of performance stock units awarded on June 8, 2015 pursuant to the 1999 Stock Incentive Plan.
- F2The number of performance stock units that vested, and therefore the number of shares of JEC common stock issued upon vesting, represents 52.8% of the number of performance stock units initially awarded, with such percentage based on the growth of the Company's net earnings over the three year vesting period.
- F3Represents number of shares of JEC common stock tendered for tax withholding on distribution of JEC common stock upon vesting of performance stock units.
- F4Each performance stock unit award represented a contingent right to receive one share of JEC common stock.
- F5The performance stock units awarded vested on June 8, 2018.