SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PETERSEN AUDREY M

(Last)

(First)

(Middle)

10560 DR. MARTIN LUTHER KING JR. ST N

(Street)

ST. PETERSBURG

33716-3718

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
JABIL CIRCUIT INC [ JBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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 (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.78	19,701,387	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.8	19,701,287	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.82	19,701,187	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		200	D	$27.84	19,700,987	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.85	19,700,887	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.86	19,700,787	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$27.87	19,700,487	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		200	D	$27.89	19,700,287	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$27.9	19,699,987	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$27.91	19,699,687	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		200	D	$27.92	19,699,487	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$27.94	19,698,987	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$27.95	19,698,687	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		400	D	$27.96	19,698,287	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		600	D	$27.97	19,697,687	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$27.98	19,697,587	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$27.99	19,697,287	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		700	D	$28	19,696,587	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$28.02	19,696,087	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$28.03	19,695,587	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		400	D	$28.04	19,695,187	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		300	D	$28.05	19,694,887	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		200	D	$28.06	19,694,687	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$28.07	19,694,187	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$28.08	19,693,687	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		600	D	$28.09	19,693,087	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		100	D	$28.1	19,692,987	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		400	D	$28.11	19,692,587	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		500	D	$28.12	19,692,087	I	Wm E Morean Res Tr⁽²⁾
Common Stock⁽¹⁾	09/02/2003		S		700	D	$28.13	19,691,387	I	Wm E Morean Res Tr⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Due to EDGAR system limitations on the number of transactions that can be reported on one Form 4, the reporting person is filing multiple Form 4's on this date for transactions that occurred on a single date. All of such forms should be viewed collectively, particularly to determine the number of shares of common stock held by each of the entities or persons mentioned in footnote 2.

2. The reporting person is reporting indirect beneficial ownership of common stock through the following: a) Audrey Petersen Revocable Trust, of which Mrs. Petersen is a trustee and has voting and dispositive power over the shares held by such trust; b) Morean Limited Partnership, of which Mrs. Petersen is the President of Morean-Petersen, Inc., the sole general partner of the Morean Limited Partnership, a limited partnership, and has shared voting and dispositive power of the shares held by such limited partnership; c) Morean Petersen Foundation, Inc., a private charitable foundation of which Mrs. Petersen is a director and may be deemed to have shared voting and dispositive powers over shares held by the foundation; and d) the William E. Morean Res Tr, of which she is a member of a 2 person mgt committee thereunder and thus shares voting and dispositive power over its shares (she and her family members are beneficiaries of the trust).

	By: Robert L. Paver, Attorney-in-Fact For: Audrey M. Petersen	09/04/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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