Insider Sale at Jabil Circuit, Inc (JBL): Two Insiders Unload $537,605 of Shares

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Last September 2nd, two insiders at Jabil Circuit, Inc. (NYSE:JBL) disposed shares of the $4.32 billion market cap firm through different open market transactions:

On the one hand, William D. Jr. Muir,  Chief Operating Officer at the firm, sold 10,000 shares of Common Stock at am average weighed price of $21.50, for a total value of $215,030. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Muir. Following the filing, he directly owns 562,461 shares and indirectly owns 300 shares held by Daughter and 11,712 shares held by Wife in Rev Trust.

On the other hand, Timothy L. Main, Director at Jabil Circuit, Inc. (NYSE:JBL), disposed 15,000 shares of Common Stock, at an average weighted price of $21.50, for a total value of $322,575. This transaction was also made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Main. Following the filing, he directly owns 779,836 shares and indirectly owns 2,155 shares held by B. Main Trust, 2,155 shares held by T. Main II Trust, and two additional groups of 1,145 shares, each one held by UTMA for a child.

Meanwhile, Jabil Circuit, Inc. (NYSE:JBL)’s largest hedge fund shareholder on record has decided to increase its exposure to the firm. David Harding’s fund, Winton Capital Management –owner of over 2.45 million shares- has done so by a 5%.

 

Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.

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