ST JOE Co — Director's Dealing 2007

Feb 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2007-02-12

Reporting Person: MARX CHRISTINE M (General Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-12	Common Stock	A	2061	$0.00	Acquired	15106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-12	Employee Stock Option	$54.05	A	6494	Acquired	2017-02-12	Common Stock (6494)	Direct

Footnotes

F1: The options vest in three equal annual installments beginning on February 12, 2008.