AVNET INC — Director's Dealing 2010

Nov 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2010-11-02

Reporting Person: GALLAGHER PHILIP R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-10	Common Stock	G	3045	—	Disposed	18193	Direct
2010-09-10	Common Stock	G	3045	—	Acquired	28846	Indirect
2010-11-02	Common Stock	M	20000	$26.25	Acquired	38193	Direct
2010-11-02	Common Stock	F	18468	$30.14	Disposed	19725	Direct
2010-11-02	Common Stock	M	13108	$16.96	Acquired	32833	Direct
2010-11-02	Common Stock	F	9706	$30.14	Disposed	23127	Direct
2010-11-02	Common Stock	S	4866	$30.14	Disposed	18261	Direct
2010-11-03	Common Stock	S	68	$30.18	Disposed	18917	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-02	Employee Stock Option (right to buy)	$26.25	M	20000	Disposed	2011-05-24	Common Stock (20000)	Direct
2010-11-02	Employee Stock Option (right to buy)	$16.96	M	13108	Disposed	2016-08-09	Common Stock (13108)	Direct

Footnotes

F1: Transfer to family trust.

F2: Surrender of shares in connection with cashless exercise.

F3: Includes 14,127 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F4: Includes 724 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan from December 2009 - October 2010, of which 477 were previously reported on June 3, 2010 but inadvertantly left out of the total holdings.

F5: The option vested in four annual installments on September 25, 2002, 2003, 2004 and 2005.

F6: The option vested in four annual installments on August 10, 2007, 2008, 2009 and 2010.