AVNET INC — Director's Dealing 2011

Aug 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2011-08-11

Reporting Person: GALLAGHER PHILIP R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-11	Common Stock	A	7570	—	Acquired	28641	Direct
2011-08-12	Common Stock	A	5680	—	Acquired	34321	Direct
2011-08-12	Common Stock	F	2308	$27.92	Disposed	32191	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-12	Common Stock (right to buy)	$27.94	A	21152	Disposed	2021-08-10	Common Stock (21152)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28846	Indirect

Footnotes

F1: Incentive stock grant will vest in five equal installments. The first installment will vest in January 2012, with the balance to vest in four equal annual installments thereafter.

F2: Performance share earnout.

F3: Surrender of shares to satisfy tax withholding.

F4: Includes 178 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan from May 2001 through July 2011.

F5: Includes 15,933 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F6: The option is exercisable in four equal annual installments beginning on the first anniversary of the date of grant.