ST JOE Co — Director's Dealing 2010

Feb 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2010-02-08

Reporting Person: Greene William Britton (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-08	Common Stock	A	70587	$0.00	Acquired	336741	Direct
2010-02-09	Common Stock	A	25000	$0.00	Acquired	361741	Direct

Footnotes

F1: 47,058 shares are subject to performance-based vesting conditions over a three year performance period, and 23,529 shares are subject to time-based vesting over four years.

F2: These shares are subject to time-based vesting over four years.