SEC Form 4 · accession 0001225208-15-019656
JABIL INC · JBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Loparco
Officer — EVP, CEO High Velocity, I&E
Period of report
Oct 14, 2015
Accepted (ET)
Oct 16, 2015 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000898293
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 14, 2015 | A | 33,340 | $0.00 | A | 210,956 | D | |
| Common StockF3 | Oct 14, 2015 | A | 25,005 | $0.00 | A | 235,961 | D | |
| Common StockF4 | Oct 14, 2015 | A | 16,670 | $0.00 | A | 252,631 | D | |
| Common StockF5 | holding | — | — | — | 11,930 | I | By Wife |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This 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. Shares are earned based on comparisons of the Company's total shareholder return and the S&P Supercomposite Technology Hardware and Equipment Index during each of FY16, FY17 and FY18. The award has an "overdrive" feature that provides that if the level of performance attained is in excess of a specified percentile the reporting person is entitled to additional shares. The number of shares listed in Column 4 of Table I represents the maximum of shares that may be issued. The award is also subject to vesting conditions tied to continued service, provided, however, that death, disability or for certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.
- F2Column 5 of Table I includes 578 shares acquired on June 30, 2015, under the 2011 Employee Stock Purchase Plan of Jabil Circuit, Inc.
- F3This represents the grant of a performance-based restricted stock unit award that provides for vesting at varying rates based on specified performance-based criteria. Each restricted stock unit represents the right to receive one share of Common Stock at vesting. Shares are earned based on cumulative core EPS for FY2016 through FY2018. The award has an "overdrive" feature that provides that if cumulative core EPS for FY2016 through FY2018 is in excess of a specified amount the reporting person is entitled to additional shares. The number of shares listed in Column 4 of Table I represents the maximum of shares that may be issued upon vesting of the award if the maximum target is met. The award is also subject to vesting conditions tied to continued service, provided, however, that death, disability or the certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.
- F4This 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 10/14/15), 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 Plan) to the Company or subsidiary; provided, however, that death, disability or for certain retirement events before those stated vesting dates will not result in forfeiture of the award or specified portions of the award.
- F5The reporting person disclaims beneficial ownership of the securities shown as being held by the reporting person's spouse, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.