ST JOE Co — Director's Dealing 2009

Feb 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2009-02-10

Reporting Person: SOLOMON STEPHEN W (SVP and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-10	Common Stock	A	10374	$0.00	Acquired	50008	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5229.8237	Indirect

Footnotes

F1: 6,916 shares are subject to performance-based vesting conditions over a three-year performance period, and 3,458 shares are subject to time-based vesting over four years.