Philip R Gallagher Form 3 AVNET / PHILIP R GALLAGHER ownership change

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 AZ 85034

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/24/2017

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)	X	Other (specify below)
President / Core Distribution Business

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 Stock	59,344	I	By Gallagher Family Trust
Common Stock	1,758(1)	D

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	(2)	08/06/2024	Common Stock	19,532	40.88	D
Employee Stock Option (Right to Buy)	(3)	08/07/2023	Common Stock	32,740	39.04	D
Employee Stock Option (Right to Buy)	(4)	08/08/2022	Common Stock	23,128	32.43	D
Employee Stock Option (Right to Buy)	(4)	08/10/2021	Common Stock	21,152	27.94	D
Employee Stock Option (Right to Buy)	(4)	08/11/2020	Common Stock	24,184	24.41	D
Employee Stock Option (Right to Buy)	(4)	08/12/2019	Common Stock	24,068	24.75	D
Employee Stock Option (Right to Buy)	(4)	03/01/2019	Common Stock	5,625	16.15	D
Employee Stock Option (Right to Buy)	(4)	08/06/2018	Common Stock	14,292	28.8	D

Explanation of Responses:

1. Includes 1,758 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

2. The option is exercisable in four equal annual installments beginning on August 7, 2015.

3. The option is fully exercisable on August 8, 2017.

4. The option is fully exercisable.

	/s/ Michael R. McCoy, by power of attorney	04/28/2017
	** 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).
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