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: CONNOLLY JANNA L (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	D	7411	$0.00	Disposed	21571	Direct
2011-02-07	Common Stock	F	1918	$29.35	Disposed	19653	Direct
2011-02-07	Common Stock	A	11705	$0.00	Acquired	31358	Direct
2011-02-08	Common Stock	F	155	$29.05	Disposed	31203	Direct

Footnotes

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

F2: 4,396 shares are subject to performance-based vesting conditions over a three year performance period; 2,198 shares are subject to a time-based vesting over four years; and 5,111 shares were immediately vested.