AVNET INC — Director's Dealing 2012

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2012-03-01

Reporting Person: VALLEE ROY (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	Common Stock	M	125000	$12.95	Acquired	562412	Indirect
2012-03-01	Common Stock	F	78038	$36.25	Disposed	484374	Indirect
2012-03-01	Common Stock	S	11550	$36.25	Disposed	472824	Indirect
2012-03-02	Common Stock	S	11400	$36.28	Disposed	461424	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Employee Stock Option (right to buy)	$12.95	M	125000	Disposed	2012-09-19	Common Stock (125000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	81011	Direct

Footnotes

F1: Surrender of shares in connection with cashless exercise and tax withholding.

F2: The shares were sold in 2 transactions at prices ranging from $36.25 - $36.26.

F3: The shares were sold in 15 transactions at prices ranging from $36.25 - $36.32.

F4: Includes 72,990 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F5: The option vested in four annual installments on September 20, 2003, 2004, 2005 and 2006.