ST JOE Co — Director's Dealing 2009

May 19, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2009-05-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-18	Common Stock	S	4595	$23.95	Disposed	54963	Direct
2009-05-18	Common Stock	S	400	$23.96	Disposed	54563	Direct
2009-05-18	Common Stock	S	1200	$23.97	Disposed	53363	Direct
2009-05-18	Common Stock	S	100	$23.99	Disposed	53263	Direct
2009-05-18	Common Stock	S	905	$24.00	Disposed	52358	Direct
2009-05-18	Common Stock	S	400	$24.01	Disposed	51958	Direct
2009-05-18	Common Stock	S	300	$24.03	Disposed	51658	Direct
2009-05-18	Common Stock	S	100	$24.05	Disposed	51558	Direct