ST JOE Co — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2011-03-03

Reporting Person: Bozman Rusty A (SVP - Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Stock	F	4210	$26.66	Disposed	26434	Direct
2011-03-03	Common Stock	D	3578	$26.66	Disposed	22856	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	627.3861	Indirect
Common Stock	1.0142	Indirect

Footnotes

F1: Reflects shares surrendered to pay taxes in connection with the vesting of outstanding awards pursuant to a change of control under the Company's 2009 Equity Incentive Plan.

F2: Reflects shares forfeited in connection with the vesting of an outstanding award pursuant to a change of control under the Company's 2009 Equity Incentive Plan.