ST JOE Co — Director's Dealing 2011

Feb 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST JOE CO (JOE)
CIK: 0000745308
Period of Report: 2011-02-07

Reporting Person: MCCALMONT WILLIAM S (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	D	28043	$0.00	Disposed	82847	Direct
2011-02-07	Common Stock	F	2142	$29.35	Disposed	80345	Direct
2011-02-07	Common Stock	A	26193	$0.00	Acquired	106538	Direct
2011-02-08	Common Stock	F	1082	$29.05	Disposed	105456	Direct

Footnotes

F1: Forfeiture of shares of restricted stock subject to performance-based vesting conditions granted February 12, 2008.

F2: 17,462 shares are subject to performance-based vesting conditions over a three year performance period, and 8,731 shares are subject to time-based vesting over four years.