SEC Form 4 · accession 0001209191-18-060139
JACOBS SOLUTIONS INC. · J
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin C Berryman
Officer — CHIEF FINANCIAL OFFICER
Period of report
Nov 26, 2018
Accepted (ET)
Nov 28, 2018 · 5:45 pm EST
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 | Nov 26, 2018 | M | 15,824 | — | A | 117,223 | D | |
| Common StockF3 | Nov 26, 2018 | F | 6,227 | $65.27 | D | 110,996 | D | |
| Common StockF4,F1 | Nov 26, 2018 | M | 16,846 | — | A | 127,842 | D | |
| Common StockF3 | Nov 26, 2018 | F | 8,353 | $65.27 | D | 119,489 | 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,F5,F6 | $0.00 | Nov 26, 2018 | M | 15,824 | D | — | — | Common Stock | 15,824 | 0 | D |
| Performance Stock UnitF4,F1,F5,F6 | $0.00 | Nov 26, 2018 | M | 16,846 | D | — | — | Common Stock | 16,846 | 0 | D |
Explanation of responses
- F1Represents distribution of JEC common stock upon vesting of performance stock units awarded on November 19, 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 140.9% 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 performance 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.
- F4The number of performance stock units that vested, and therefore, the number of shares of JEC common stock issued upon vesting, represents 150% of the number of performance stock units initially awarded, with such percentage based on the stock price performance of JEC common stock relative to the stock price performance of a defined group of industry peers.
- F5Each performance stock unit award represented a contingent right to receive one share of JEC common stock.
- F6The performance stock units awarded vested on November 26, 2018.