AVNET INC — Director's Dealing 2011

Jan 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2011-01-14

Reporting Person: VALLEE ROY (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-14	Common Stock	M	325000	$17.50	Acquired	705848	Indirect
2011-01-14	Common Stock	F	228840	$35.44	Disposed	477008	Indirect
2011-01-14	Common Stock	S	24951	$34.10	Disposed	452057	Indirect
2011-01-18	Common Stock	S	67523	$35.94	Disposed	384534	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-14	Employee Stock Option (right to buy)	$17.50	M	325000	Disposed	2011-09-26	Common Stock (325000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	99345	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on December 17, 2010.

F2: Surrender of shares in connection with cashless exercise and applicable taxes.

F3: The shares were sold in 3 transactions at prices ranging from $34.10 - $34.12.

F4: The shares were sold as follows: 38 transactions at prices ranging from $34.58 - $35.58; 98 transactions at prices ranging from $35.58 - $36.54 and 16 transactions at prices ranging from $36.60 to $36.68.

F5: Includes 91,324 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F6: The option vested in four annual installments on September 27, 2002, 2003, 2004 and 2005.