SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

GALLAGHER PHILIP R

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX

85034

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2009

3. Issuer Name and Ticker or Trading Symbol
AVNET INC [ AVT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common	15,448⁽¹⁾	D
Common	15,780	I	By Family Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	09/24/2000⁽²⁾	09/23/2009	Common Stock	7,600	$21.5	D
Employee Stock Option (right to buy)	09/29/2001⁽³⁾	09/28/2010	Common Stock	5,000	$28.75	D
Employee Stock Option (right to buy)	05/25/2002⁽⁴⁾	05/24/2011	Common Stock	20,000	$26.25	D
Employee Stock Option (right to buy)	09/19/2004⁽⁵⁾	09/18/2013	Common Stock	5,000	$18.13	D
Employee Stock Option (right to buy)	09/23/2005⁽⁶⁾	09/22/2014	Common Stock	13,590	$17.47	D
Employee Stock Option (right to buy)	09/23/2006⁽⁷⁾	09/22/2015	Common Stock	9,608	$24.78	D
Employee Stock Option (right to buy)	08/10/2007⁽⁸⁾	08/09/2016	Common Stock	13,108	$16.96	D
Employee Stock Option (right to buy)	08/09/2008⁽⁹⁾	08/08/2017	Common Stock	10,156	$34.34	D
Employee Stock Option (right to buy)	08/07/2009⁽¹⁰⁾	08/06/2018	Common Stock	14,292	$28.8	D

Explanation of Responses:

1. Includes 10,761 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

2. The option was exercisable in four equal annual installments on September 24, 2000, 2001, 2002 and 2003.

3. The option was exercisable in four equal annual installments on September 29, 2001, 2002, 2003 and 2004.

4. The option was exercisable in four equal annual installments on May 25, 2002, 2003, 2004 and 2005.

5. The option was exercisable in four equal annual installments on September 19, 2004, 2005, 2006 and 2007.

6. The option was exercisable in four equal annual installments on September 23, 2005, 2006, 2007 and 2008.

7. The option is exercisable in four equal annual installments on September 23, 2006, 2007, 2008 and 2009.

8. The option is exercisable in four equal annual installments on August 10, 2007, 2008, 2009 and 2010.

9. The option is exercisable in four equal annual installments on August 9, 2008, 2009, 2010 and 2011.

10. The option is exercisable in four equal annual installments on August 7, 2009, 2010, 2011, and 2012.

Remarks:

	Philip R. Gallagher	03/02/2009
	** 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 5 (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.