Jabil Circuit's President just picked up 100,875 shares

William E Peters, Jabil Circuit's President, recently acquired 100,875 shares of the company. The buys took place at prices ranging from $0.00 to $21.99 per share, on October 17, 2013. Peters now owns 603,748 shares of the company. Peters operates out of St. Petersburg, FL. Some additional info was provided as follows:

This 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 FY2015 through FY2016. The award has an "overdrive" feature that provides that if cumulative core EPS for FY2015 through FY2016 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 number of shares that may be issued upon vesting of the award if the maximum target is met (i.e., the full "overdrive" amount). 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. 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 10/17/13), 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.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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