SEC Filing | Avnet, Inc.

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SEC FORM 4/A SEC Form 4

FORM 4

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

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).

1. Name and Address of Reporting Person^*

VALLEE ROY

(Last)

(First)

(Middle)

C/O AVNET, INC.

2211 SOUTH 47TH STREET

(Street)

PHOENIX

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/21/2003

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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/20/2003		M		7,500	A	$14	22,671	D
Common Stock	08/20/2003		S		5,500	D	$15.72	17,171	D
Common Stock	08/20/2003		S		1,000	D	$15.71	16,171	D
Common Stock	08/20/2003		S		1,000	D	$15.75	15,171	D
Common Stock	08/21/2003		M		42,500	A	$14	57,671	D
Common Stock	08/21/2003		S		10,000	D	$16.2	47,671	D
Common Stock	08/21/2003		S		5,000	D	$16.13	42,671	D
Common Stock	08/21/2003		S		5,000	D	$16.14	37,671	D
Common Stock	08/21/2003		S		5,000	D	$16.11	32,671	D
Common Stock	08/21/2003		S		5,000	D	$16.1	27,671	D
Common Stock	08/21/2003		S		5,000	D	$16.08	22,671	D
Common Stock	08/21/2003		S		5,000	D	$16.05	17,671	D
Common Stock	08/21/2003		S		2,500	D	$15.5	15,171⁽²⁾	D
Common Stock								108,464⁽³⁾	I	By Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$14	08/20/2003		M			7,500	⁽¹⁾	09/21/2003	Common Stock	7,500	$14	42,500	D
Employee Stock Option (right to buy)	$14	08/21/2003		M			42,500	⁽¹⁾	09/21/2003	Common Stock	42,500	$14	0	D

Explanation of Responses:

1. The option vested in four equal installments on September 22, 1994, 1995, 1996 and 1997.

2. Includes 7,150 shares as to which the Reporting Person disclaims beneficial ownership.

3. Shares held by the Vallee Family Trust, Roy A. Vallee and Cynthia S. Vallee, Trustees.

Remarks:

	Catherine R. Hardwick, by power of attorney	08/29/2003
	** 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.

AVNET, INC.

LIMITED POWER OF ATTORNEY
FOR SECTION 16 REPORTING OBLIGATIONS



Know all by these presents that the undersigned hereby makes, constitutes
and appoints each of David Birk, Neil Taylor and Cathy Hardwick, each acting
individually, as the undersigned's true and lawful attorney-in-fact, with
full power and authority as hereinafter described on behalf of and in the
name, place and stead of the undersigned to:

(1)	prepare and execute Forms 3, 4 and 5 (including any amendments thereto)
with respect to the common stock of Avnet, Inc., a New York corporation (the
"Company"), and to file the same with the United States Securities and
Exchange Commission, any national securities exchanges and the Company, as
considered necessary or advisable under Section 16(a) of the Securities
Exchange Act of 1934 and the rules and regulations promulgated thereunder,
as amended from time to time (the "Exchange Act");
(2)	seek or obtain, as the undersigned's representative and on the
undersigned's behalf, information on transactions in the Company's common
stock from any third party, including brokers, employee benefit plan
administrators and trustees, and the undersigned hereby authorizes any such
person to release any such information to the undersigned and approves and
ratifies any such release of information; and
(3)	perform any and all other acts which in the discretion of such attorney-
in-fact are necessary or desirable for and on behalf of the undersigned in
connection with the foregoing.
The undersigned acknowledges that:
(a) any documents prepared and/or executed by any of such attorneys-in-fact
on behalf of the undersigned pursuant to this power of attorney will be in
such form and will contain such information and disclosure as such attorney-
in-fact, in his or her discretion, deems necessary or desirable;
(b) this power of attorney authorizes, but does not require, each such
attorney-in-fact to act in his or her discretion on information provided to
such attorney-in-fact without independent verification of such information;
(c) neither the Company nor any of such attorneys-in-fact assumes (i) any
liability for the undersigned's responsibility to comply with the
requirements of the Exchange Act, (ii) any liability of the undersigned for
any failure to comply with such requirements, or (iii) any obligation or
liability of the undersigned for profit disgorgement under Section 16(b) of
the Exchange Act; and
(d) this power of attorney does not relieve the undersigned from
responsibility for compliance with the undersigned's obligations under the
Exchange Act, including without limitation the reporting requirements under
Section 16(a) of the Exchange Act.
The undersigned hereby gives and grants each of the foregoing attorneys-in-
fact full power and authority to do and perform all and every act and thing
whatsoever requisite, necessary or appropriate to be done in and about the
foregoing matters as fully to all intents and purposes as the undersigned
might or could do if present, hereby ratifying all that each such attorney-
in-fact of, for and on behalf of the undersigned shall lawfully do or cause
to be done by virtue of this power of attorney.
This power of attorney shall remain in full force and effect until revoked
by the undersigned in a signed writing delivered to the Corporate Secretary
of the Company.

IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be
executed as of this 26th day of September, 2002.


/s/ Roy Vallee

Signature




Roy Vallee

Print Name


STATE OF ARIZONA              )
				:
COUNTY OF MARICOPA       )

On the 26th day of September, 2002, Roy Vallee personally appeared before me
and acknowledged that he executed the foregoing instrument for the purposes
therein contained.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

/s/ Karen S. Zoppoth

Notary Public



My Commission Expires: 6/14/03_______________

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