AVNET INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2007-06-04

Reporting Person: Smith James Neal (President of Avnet Logistics)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-04	Common Stock	M	5000	$28.75	Acquired	5000	Indirect
2007-06-04	Common Stock	F	3296	$43.62	Disposed	1704	Indirect
2007-06-04	Common Stock	S	1100	$43.63	Disposed	604	Indirect
2007-06-04	Common Stock	S	100	$43.62	Disposed	504	Indirect
2007-06-04	Common Stock	S	488	$43.61	Disposed	16	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-04	Employee Stock Option (right to buy)	$28.75	M	5000	Disposed	2010-09-28	Common Stock (5000)	Direct

Security	Shares	Ownership
Common Stock	5489	Direct

F1: Surrender of shares in connection with cashless exercise.

F2: Includes 5,489 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F3: The option vested in four annual installments on September 29, 2001, 2002, 2003 and 2004.