AVNET INC — Director's Dealing 2012

Feb 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2012-02-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Common Stock	M	100000	$12.95	Acquired	537204	Indirect
2012-02-03	Common Stock	F	62367	$36.36	Disposed	474837	Indirect
2012-02-03	Common Stock	S	37425	$36.37	Disposed	437412	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-03	Employee Stock Option (right to buy)	$12.95	M	100000	Disposed	2012-09-19	Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	81011	Direct

Footnotes

F1: Surrender of shares in connection with cashless exercise.

F2: The shares were sold in 83 transactions at prices ranging from $36.10 - $36.56.

F3: Includes 72,990 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F4: The option vested in four annual installments on September 20, 2003, 2004, 2005 and 2006.