AVNET INC — Director's Dealing 2010

Nov 13, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2010-11-12

Reporting Person: PHILLIPS STEVEN R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-12	Common Stock	M	2186	$24.78	Acquired	10705	Indirect
2010-11-12	Common Stock	F	1769	$30.62	Disposed	8936	Indirect
2010-11-12	Common Stock	M	7266	$16.96	Acquired	16202	Indirect
2010-11-12	Common Stock	F	5048	$30.62	Disposed	11154	Indirect
2010-11-12	Common Stock	S	2618	$30.62	Disposed	8536	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-12	Employee Stock Option (right to buy)	$24.78	M	2186	Disposed	2015-09-22	Common Stock (2186)	Direct
2010-11-12	Employee Stock Option (right to buy)	$16.96	M	7266	Disposed	2016-08-09	Common Stock (2186)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15522	Direct

Footnotes

F1: The shares were sold in ten transactions at prices ranging from $30.61 - $30.63.

F2: Includes 15,522 shares to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F3: The option vested in four annual installments on September 23, 2006, 2007, 2008 and 2009.

F4: The option vested in four annual installments on August 10, 2007, 2008, 2009 and 2010.