Philip R. Gallagher - May 6, 2021 Form 4 Insider Report for AVNET INC (AVT)

Role
Chief Executive Officer
Signature
/s/ Darrel S. Jackson, Attorney-In-Fact
Stock symbol
AVT
Transactions as of
May 6, 2021
Transactions value $
-$257,697
Form type
4
Date filed
5/10/2021, 04:44 PM
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVT Common Stock Options Exercise $750K +23.1K +34.21% $32.43 90.7K May 6, 2021 Direct F1
transaction AVT Common Stock Sale -$1.01M -23.1K -25.49% $43.57 67.6K May 6, 2021 Direct F1, F2
holding AVT Common Stock 53.6K May 6, 2021 By Gallagher Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVT Employee Stock Option (Right to Buy) Options Exercise $0 -23.1K -100% $0.00* 0 May 6, 2021 Common Stock 23.1K $32.43 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 50,656 shares underlying Restricted Stock Units allocated but not yet vested or delivered.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.50 to $43.68, 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.
F3 The option vested in four equal annual installments beginning on the first anniversary of the date of grant.