AVNET INC - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2011-05-03

Reporting Person: GALLAGHER PHILIP R (Senior Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-03	Common Stock	M	9608	$24.78	Acquired	30380	Direct
2011-05-03	Common Stock	F	7399	$37.07	Disposed	22981	Direct
2011-05-03	Common Stock	M	1875	$16.15	Acquired	24856	Direct
2011-05-03	Common Stock	F	1141	$37.07	Disposed	23715	Direct
2011-05-03	Common Stock	S	2933	$37.07	Disposed	21081	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-03	Employee Stock Option (right to buy)	$24.78	M	9608	Disposed	2015-09-22	Common Stock (9608)	Direct
2011-05-03	Employee Stock Option (right to buy)	$16.15	M	1875	Disposed	2019-03-01	Common Stock (1875)	Direct

Security	Shares	Ownership
Common Stock	28846	Indirect

F1: Surrender of shares in connection with cashless exercise and applicable taxes.

F2: Includes 15,933 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F3: Includes 299 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan during February - April 2011.

F4: The option vested in four annual installments on September 23, 2006, 2007, 2008 and 2009.

F5: The option vests in four annual installments on March 2, 2010, 2011, 2012 and 2013.