AVNET INC — Director's Dealing 2012

Aug 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2012-08-09

Reporting Person: GALLAGHER PHILIP R (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-09	Common Stock	A	8095	—	Acquired	29871	Direct
2012-08-10	Common Stock	A	14309	—	Acquired	44180	Direct
2012-08-10	Common Stock	F	4388	$32.22	Disposed	40228	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-09	Common Stock (right to buy)	$32.43	A	23128	Acquired	2022-08-08	Common Stock (23128)	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 2013, 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 436 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan from February 2012 through July 2012.

F5: Includes 24,396 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.