SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Form 3 Holdings Reported.
X
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Church Steven C
(Last) (First) (Middle)
C/O AVNET, INC.
2211 SOUTH 47TH STREET
(Street)
PHOENIX AZ 85034
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 08/22/2006 G(1) 625 D $0 14,826 I By Church Family Trust
Common Stock 08/22/2006 G(1) 625 A $0 625 I By Daughter
Common Stock 08/22/2006 G(2) 625 D $0 14,201 I By Church Family Trust
Common Stock 08/22/2006 G(2) 625 A $0 625 I By Son
Common Stock 11/22/2006 G(3) 5,000 D $0(3) 24,947 D
Common Stock 11/22/2006 G(3) 5,000 A $0(3) 19,201 I By Church Family Trust
Common Stock 01/31/2007 G(3) 2,198 D $0(3) 22,749 D
Common Stock 01/31/2007 G(3) 2,198 A $0(3) 21,399 I By Church Family Trust
Common Stock 05/15/2007 G(2) 550 D $0 20,849 I By Church Family Trust
Common Stock 05/15/2007 G(2) 550 A $0 1,175 I By Son
Common Stock 11/10/2006 S4 400 D $25.1 225 I By Daughter
Common Stock 02/12/2007 S4 225 D $34.58 0 I By Daughter
Common Stock 11/13/2006 S4 325 D $25.48 850 I By Son
Common Stock 01/30/2007 S4 150 D $30.69 700 I By Son
Common Stock 02/09/2007 S4 150 D $34.39 550 I By Son
Common Stock 05/16/2007 S4 200 D $43.01 350 I By Son
Common Stock 23,063(4)(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Gift of shares by the reporting person to his daughter, who does not share the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
2. Gift of shares by the reporting person to his son, who does not share the reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.
3. Transfer to Church Family Trust.
4. Includes 11,427 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.
5. Includes 263 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan ("ESPP") from November 2006 through June 2007 and 51 shares inadvertantly not included in a prior ESPP total due to an administrative error.
Remarks:
Steven C. Church 07/27/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.