SEC Filing | Avnet, Inc.

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SEC FORM 4 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^*

JACOBSON KENNETH A

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Controller and PAO

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2021

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 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	05/27/2021		S		5,360	D	$44.7014⁽¹⁾	25,051⁽²⁾	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)
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)

Explanation of Responses:

1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.695 to $44.715, inclusive. The reporting person undertakes to provide to Avnet, Inc., any security holder of Avnet, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.

2. Includes 18,010 shares underlying Restricted Stock Units allocated but not yet vested or delivered.

	/s/ Darrel S. Jackson, Attorney-In-Fact	05/28/2021
	** 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
The undersigned hereby appoints Michael R. McCoy, Darrel S. Jackson
and Joy S. Newborg, 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?) and the Sarbanes-Oxley Act of 2002;
(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 (including, but not limited
to, the filing of Form ID to obtain EDGAR Access Codes) 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 on May 27, 2021.

/s/ Ken Jacobson
Ken Jacobson