4 1 NYSE1054418 Director Jabil Circuit, Inc. 000089829338-188-6260 03/26/03 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) Morean, William D. 10560 Dr. Martin Luther King Street 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 3/26/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) 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 03/26/03 S 31,100 D $18.5000 12,699,750 I Cheyenne Hldgs Lt d P (1) Common Stock 400,000 I Eagle's Wing Foun d. Common Stock 12,291 I Wm D. Morean Trus t Common Stock 20,239,987 I Wm E Morean Res T r Common Stock 15,912 I by Spouse 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 ------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) Morean Management Company, of which Mr. Morean is President, is the sole general partner of Cheyenne Holdings Limited Partnership. - Mr. Morean is a director of Eagle's Wing Foundation, a private charitable foundation, and may be deemed to have shared voting and di spositive power over shares held by the foundation. Mr. Morean disclaims beneficial ownership of these shares because he has no pec uniary interest therein. Mr. Morean is trustee of the William D. Morean Trust and has voting and dispositive power over the shares held by such trust. - Mr. Morean is a member of a two-person management committee created under the William E. Morean Residual Trust and as such shares vo ting and dispositive power over shares held by the trust. Mr. Morean and his family members are beneficiaries of the trust. The 15 ,912 shares shown as being held by the reporting person's spouse represent stock previously acquired by the reporting person's spous e. Acquisition of shares by the reporting person's spouse that could have been reportable under Section 16(a) occurred on or about June 10, 1996. Accordingly, none of the securities shown as being held by the reporting person's spouse were acquired at a time tha t would be "matchable" under Section 16(b) against any transaction by the reporting person. The reporting person disclaims benefici al ownership of the securities shown as being held by the reporting person's spouse, and this report shall not be deemed an admissio n that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. SIGNATURE OF REPORTING PERSON /S/ By: Robert L. Paver, Attorney-in-Fact For: William D. Morean DATE 03/28/03