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: Greene William Britton (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-18	Common Stock	S	12000	$24.6491	Disposed	273016	Direct

Footnotes

F1: The price shown is an average price. The shares were sold at prices ranging from $24.60 to $24.70 per share. The reporting person will provide the SEC staff, the issuer or any shareholder complete information regarding the number of shares sold at each price upon request.