ST JOE Co — Director's Dealing 2009

May 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2009-05-19

Reporting Person: SOLOMON STEPHEN W (SVP and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-19	Common Stock	S	3282	$25.50	Disposed	46602	Direct
2009-05-19	Common Stock	S	393	$25.51	Disposed	46209	Direct
2009-05-19	Common Stock	S	173	$25.52	Disposed	46036	Direct
2009-05-19	Common Stock	S	100	$25.5205	Disposed	45936	Direct
2009-05-19	Common Stock	S	100	$25.5211	Disposed	45836	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5711.3964	Indirect