4 1 NYSE0001196729 Officer Jabil Circuit, Inc. 000089829338-188-6260 01/03/03 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Dees, Jace H. 10560 Ninth Street North St. Petersburg, FL 33716 2. Issuer Name and Ticker or Trading Symbol Jabil Circuit, Inc. (JBL) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 1/3/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Vice President, Operations - Americas 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 01/03/03 M 5,400 A $9.5150 D Direct Common Stock 01/03/03 S 5,400 D $18.7000 D Direct Common Stock 01/03/03 M 900 A $9.5150 D Direct Common Stock (1) 01/03/03 S 900 D $18.8400 1,527 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right $9.5150 01/03/03 M 5,400 (2) 12/19/07 to buy) Incentive Stock Option (right $9.5150 01/03/03 M 900 (2) 12/19/07 to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option (right 01/03/03 Common Stock 5,400 D Direct to buy) Incentive Stock Option (right 01/03/03 Common Stock 900 9,600 D Direct to buy) Explanation of Responses: (1) Column 5 of Table I includes 820 shares acquired on December 31, 2002 under the Employee Stock Purchase Plan of Jabil Circuit, Inc. (2) The options vest as follows: 12% six months after the vesting commencement date (12/19/97) and 2% each month thereafter. SIGNATURE OF REPORTING PERSON /S/ By: Robert L. Paver, Attorney-in-Fact For: Jace H. Dees DATE 01/07/03