The OOF circles are usually in the shape of your lens aperture, plus some diffraction effects making the edges soft. Those that are off-axis can often be elliptical, since the aperture effectively appears elliptical from an off-axis viewpoint. Some lens designs accentuate this off-axis-elliptical effect more than others; in extreme cases this is known as "swirly bokeh."
The quality of light distribution within the OOF circles (i.e. toroid, center-weighted, edge-weighted, etc.) is what is termed 'bokeh'. Although that's the subject for another (probably lengthy and argumentative and pointless) thread.
You may have also noticed that the image of the sun, projected through gaps in tree leaves and projected onto the ground, appear circular. This is because the gaps in the leaves are acting like crude pinhole lenses, projecting an image of the (round) sun. During solar eclipses you can see these projected images turn into crescent-shaped slivers as the eclipse progresses.
~Joe