How does the "Fully Loaded" ace work?

The description for the "Fully Loaded" perk says "Enemies drop 75% more ammunition".

Does that mean:

• If my buddy, who has the Fully Loaded perk, kills someone, I can get 75% more ammo by picking up his drops?
• The player with the perk picks up 75% more ammo than they ordinarily would when picking up ammo drops, but there is no effect for me, if I don't have the perk?

Solution 1:

It's a matter of the person with the perk picking up ammo not who ever kills the enemy as the wording suggests. If you have Fully Loaded Aced one "ammo pack" you pick up on the ground has 75% more ammo in it.