SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 17, 2018

2. SEC Identification Number

77487

3. BIR Tax Identification No.

000-388-771

4. Exact name of issuer as specified in its charter

JOLLIBEE FOODS CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10/F Jollibee Plaza Building, 10 F. Ortigas Jr. Avenue Ortigas Center, Pasig City Postal Code 1605

8. Issuer's telephone number, including area code

(632) 634-1111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	1,086,621,133
TREASURY	16,447,340

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Jollibee Foods CorporationJFC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
2015 ELTIP Cycle 4
Background/Description of the Disclosure
Under the Company’s Senior Management Stock Option and Incentive Plan (Plan), the achievement of hurdle rates is a requirement for the Executive Long-Term Incentive Program (ELTIP) stock issuance. Under the Plan rules, the stock options allocated shall be granted if the following growth in annual earnings per share (EPS) for the 3-year program is achieved, as follows: % growth in annual EPS for 3 years % of allocated options to be granted 15% and above 150% of options 12% to less than 15% 100% of options 10% to less than 12% 50% of options Below 10% Zero options For the ELTIP Cycle 4 covering the period 2015-2017, the Company achieved 92% of the minimum hurdle rate of 10% of annual growth of EPS. EPS declined by 9% in 2015 and grew by 24.5% in 2016 and 14.5% in 2017. The decline in EPS in 2015 was attributable to long-term investments in information technology, network development, acceleration of store network expansion and start-up of new businesses. While the EPS growth achievement for the 3 years was less than 10%, the Compensation Committee of the JFC Board of Directors, upon the recommendation of the Chief Executive Officer, Mr. Ernesto Tanmantiong, approved the granting of the 2015 ELTIP Cycle 4 at 40% (roughly 92% of 50%) of the total shares allocated, or 4.5 million shares out of the total 11,470,000 allocated shares. The Compensation Committee has the authority to grant exceptions to the Company’s Plan rules, upon recommendation of the Chief Executive Officer. The basis for this exception is that the causes of the 9% decline in 2015 EPS were expenses for long-term investments which have been benefitting JFC. For instance, on the acceleration of store network expansion, our new store opening in the Philippines increased from 169 in 2014 to 249 in 2015, to 243 in 2016 and to 328 in 2017.
Other Relevant Information
Please see attached disclosure.