Jacobs Engineering (J) Form 4 JACOBS ENGINEERING / Kevin C Berryman ownership change

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^*

Berryman Kevin C

(Last) (First) (Middle)

1999 BRYAN STREET

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JACOBS ENGINEERING GROUP INC /DE/ [ J ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/27/2020

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/27/2020		M(1)		18,510(2)	A	(1)	172,317	D
Common Stock	11/27/2020		M(1)		18,510(3)	A	(1)	190,827	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	$0.00(4)	11/27/2020		M(1)			18,510(2)	(5)	(5)	Common Stock	18,510(2)	(1)	0	D
Performance Stock Units	$0.00(4)	11/27/2020		M(1)			18,510(3)	(5)	(5)	Common Stock	18,510(3)	(1)	0	D

Explanation of Responses:

1. Represents distribution of Jacobs common stock upon vesting of performance stock units awarded on November 29, 2017 pursuant to the Company's 1999 Stock Incentive Plan.

2. The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 200% of the number of performance stock units initially awarded, with such percentage based on the Company's earnings per share (EPS) growth over the three year performance period. The reporting person has elected to defer the receipt of shares issuable upon vesting of the performance stock units pursuant to the Company's Executive Deferral Plan.

3. The number of performance stock units that vested, and therefore the number of shares of Jacobs common stock issued upon vesting, represents 200% of the number of performance stock units initially awarded, with such percentage based on the Company's average return on invested capital (ROIC) over the three year performance period. The reporting person has elected to defer the receipt of shares issuable upon vesting of the performance stock units pursuant to the Company's Executive Deferral Plan.

4. Each performance stock unit award represented a contingent right to receive one share of Jacobs common stock.

5. The performance stock units awarded vested on November 27, 2020.

Remarks:

	Justin Johnson - Attorney-in-Fact for Kevin C. Berryman	12/01/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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