UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 11-K
 FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  þ
    
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
 For the transition period from  to
 Commission File Number: 1-12203
 Ingram Micro 401(k) Investment Savings Plan
  Ingram Micro Inc.
1600 E. St. Andrew Place
Santa Ana, CA 92705




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TABLE OF CONTENTS
 PageForm 11-K Signature
    
    3Financial Statements and Supplemental Schedule as of December 31, 2010 and
2009 and for the Year Ended December 31, 2010
    
    4-20Consent of Independent Registered Public Accounting Firm
    
    21
 2




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SIGNATURE
  INGRAM MICRO 401(k) INVESTMENT SAVINGS PLANBy:
    /s/ Lynn JolliffeName:
    Lynn JolliffeExecutive Vice President, Human Resources and Member of the Ingram Micro Benefits Administrative Committee  3




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
 Financial Statements
and
Supplemental Schedule
As of December 31, 2010 and 2009 and
for the Year Ended December 31, 2010
 4




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
 ContentsReport of Independent Registered Public Accounting Firm
    
    6Statements of Net Assets Available for Plan Benefits as of
December 31, 2010 and 2009
    
    7Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 31, 2010
    
    8Notes to Financial Statements
    
    9-19Schedule I: Form 5500  Schedule H  Part IV  Line 4i 
Schedule of Assets (Held at End of Year) as of
December 31, 2010
    
    20Consent of Independent Registered Public Accounting Firm
    
    21
 Note:
    
    Schedules other than that listed above have been omitted because
they are not applicable or are not required by 29 CFR 2520.103-10 of
the Department of Labors Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of
1974, as amended.
 5




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Report of Independent Registered Public Accounting Firm
 
     /s/ BDO USA, LLP
 
 6




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
 Statements of Net Assets Available for Plan Benefits
As of December 31, 2010 and 2009
 December 31,2010
    
    
    2009AssetsInvestments, at fair value
    
    $
    182,486,329
    
    
    $
    160,670,690Notes receivable from participants
    
    
    6,534,754
    
    
    
    6,187,730Total assets
    
    
    189,021,083
    
    
    
    166,858,420LiabilitiesAccrued administrative expenses
    
    
    12,223
    
    
    
    11,992Total liabilities
    
    
    12,223
    
    
    
    11,992Net assets reflecting investments at fair value
    
    
    189,008,860
    
    
    
    166,846,428Adjustment from fair value to contract value
for fully benefit-responsive investment
contracts (common/collective trust)
    
    
    (214,682
    )
    
    
    402,679Net assets available for plan benefits
    
    $
    188,794,178
    
    
    $
    167,249,107
  7




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
 Statement of Changes in Net
Assets Available for Plan Benefits
For the Year Ended December 31, 2010
 Year EndedDecember 31, 2010Additions to net assets attributed to:Contributions:Employer contributions, net of forfeitures
    
    $
    1,594,871Participant contributions
    
    
    12,545,862Participant rollovers
    
    
    991,263Total contributions
    
    
    15,131,996Net investment income:Dividends and interest
    
    
    3,395,388Net appreciation in fair value of registered investment companies
    
    
    16,248,381Net appreciation in fair value of common stock
    
    
    404,858Total net investment income
    
    
    20,048,627Interest income on notes receivable from participants
    
    
    350,748Total additions
    
    
    35,531,371Deductions from net assets attributed to:Benefits paid to participants
    
    
    (13,854,656
    )Administrative expenses
    
    
    (131,644
    )Total deductions
    
    
    (13,986,300
    )Net increase
    
    
    21,545,071Net assets available for plan benefits  beginning of year
    
    
    167,249,107Net assets available for plan benefits  end of year
    
    $
    188,794,178
  8




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 1  DESCRIPTION OF PLAN
  General
  Eligibility
 Contributions
 Participant Accounts
 9




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 1  DESCRIPTION OF PLAN (Continued)
 Notes Receivable from Participants
  Vesting
 Years of Service
    
    Vested Benefit PercentageLess than 1 year
    
    
    0
    %1 year but less than 2
    
    
    20
    %2 years but less than 3
    
    
    40
    %3 years but less than 4
    
    
    60
    %4 years but less than 5
    
    
    80
    %5 years or more
    
    
    100
    %
 Payment of Benefits 1 2 1 2
 10




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 1  DESCRIPTION OF PLAN (Continued)
 Forfeitures
 Administrative Expenses
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS
 Basis of Accounting
   Use of Estimates
 Risks and Uncertainties
 11




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Continued)
    Investment Valuation and Income Recognition
  Notes Receivable from Participants
 Net Appreciation (Depreciation) in Fair Value of Investments
 Recent Accounting Pronouncements
 12




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 2  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENT ACCOUNTING PRONOUNCEMENTS (Continued)
   NOTE 3  FAIR VALUE MEASUREMENTS
 Fair Value Measurements and Disclosures
  
    
    Level 1: quoted prices in active markets for identical assets or liabilities;
    
    Level 2: inputs other than Level 1 that are observable and, either directly
or indirectly corroborated by market data, such as quoted prices in active
markets for similar assets or liabilities, quoted prices for identical or
similar assets or liabilities in markets that are not active, or other
inputs that are observable or can be corroborated by observable market data
for substantially the full term of the assets or liabilities;
    
    Level 3: unobservable inputs that are supported by little or no market activity
and that are significant to the fair value of the assets or liabilities;
 13




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 3  FAIR VALUE MEASUREMENTS (Continued)
       Investments Measured at Fair Value on a Recurring Basis
  December 31, 2010Fair Value MeasurementsUsing Input TypeLevel 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalCommon stocksIngram Micro Inc. common stock
    
    $
    4,647,226
    
    
    $
    
    
    
    $
    
    
    
    $
    4,647,226Cash
    
    
    1,237
    
    
    
    
    
    
    
    
    
    
    
    1,237Total common stocks
    
    
    4,648,463
    
    
    
    
    
    
    
    
    
    
    
    4,648,463Registered investment companiesIndex funds (1)
    
    
    21,117,415
    
    
    
    
    
    
    
    
    
    
    
    21,117,415Balance funds (2)
    
    
    29,439,225
    
    
    
    
    
    
    
    
    
    
    
    29,439,225Growth funds (3)
    
    
    40,177,391
    
    
    
    
    
    
    
    
    
    
    
    40,177,391Value funds (4)
    
    
    33,683,730
    
    
    
    
    
    
    
    
    
    
    
    33,683,730International funds (5)
    
    
    16,548,891
    
    
    
    
    
    
    
    
    
    
    
    16,548,891Fixed income funds (6)
    
    
    15,129,362
    
    
    
    
    
    
    
    
    
    
    
    15,129,362Total registered investment companies
    
    
    156,096,014
    
    
    
    
    
    
    
    
    
    
    
    156,096,014Common/collective trusts (7)
    
    
    
    
    
    
    21,741,852
    
    
    
    
    
    
    
    21,741,852Total assets at fair value
    
    $
    160,744,477
    
    
    $
    21,741,852
    
    
    $
    
    
    
    $
    182,486,329
 14




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 3  FAIR VALUE MEASUREMENTS (Continued)
 December 31, 2009Fair Value MeasurementsUsing Input TypeLevel 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalCommon stocksIngram Micro Inc. common stock
    
    $
    4,723,443
    
    
    $
    
    
    
    $
    
    
    
    $
    4,723,443Cash
    
    
    1,176
    
    
    
    
    
    
    
    
    
    
    
    1,176Total common stocks
    
    
    4,724,619
    
    
    
    
    
    
    
    
    
    
    
    4,724,619Registered investment companiesIndex funds (1)
    
    
    17,601,793
    
    
    
    
    
    
    
    
    
    
    
    17,601,793Balance funds (2)
    
    
    23,453,975
    
    
    
    
    
    
    
    
    
    
    
    23,453,975Growth funds (3)
    
    
    34,491,451
    
    
    
    
    
    
    
    
    
    
    
    34,491,451Value funds (4)
    
    
    29,885,337
    
    
    
    
    
    
    
    
    
    
    
    29,885,337International funds (5)
    
    
    15,682,632
    
    
    
    
    
    
    
    
    
    
    
    15,682,632Fixed income funds (6)
    
    
    13,175,833
    
    
    
    
    
    
    
    
    
    
    
    13,175,833Total registered investment companies
    
    
    134,291,021
    
    
    
    
    
    
    
    
    
    
    
    134,291,021Common/collective trusts (7)
    
    
    
    
    
    
    21,655,050
    
    
    
    
    
    
    
    21,655,050Total assets at fair value
    
    $
    139,015,640
    
    
    $
    21,655,050
    
    
    $
    
    
    
    $
    160,670,690
 
 (1)
    
    These funds seek to track the performances of the S&P 500 and the MSCI
Small Cap Growth Indexes.(2)
    
    These diversified funds invest in a balance of equity and fixed income
securities, either directly or through other mutual funds.(3)
    
    These diversified funds employ a fundamentally-based investment
approach focused on investments in companies whose earnings are
expected to grow at a faster rate than an average company.(4)
    
    These diversified funds focus on fundamentally-based investment
approach and bottom-up stock selection of undervalued companies.(5)
    
    These diversified funds employ a fundamentally-based investment
approach focused on companies headquartered outside of the United
States.(6)
    
    These diversified funds may invest in various types of fixed income
securities including government bonds, corporate bonds,
mortgage-backed bonds, foreign bonds and cash equivalents.(7)
    
    These diversified funds employ a fundamentally-based investment
approach focused on the preservation of capital, as well as to provide
a competitive level of income over time consistent with the
preservation of capital. 15




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 4  INVESTMENT ELECTIONS
  NOTE 5  INVESTMENTS
  December 31,2010
    
    2009Investments Valued at Fair Value as Determined by Quoted Market
Prices:Registered Investment Companies:American Funds Group
    
    Growth Fund of America,
907,544 and 938,356 units,
respectively
    
    $
    27,398,753
    
    
    $
    25,438,817Massachusetts Financial
Services Co.
    
    MFS Value Fund,
985,882 and 0 units, respectively
    
    
    22,487,978
    
    
    
    
    *Fidelity Management Trust Co.
    
    Diversified International Fund,
548,885 and 560,094 units,
respectively
    
    
    16,548,891
    
    
    
    15,682,632Fidelity Management Trust Co.
    
    Spartan U.S. Equity Index Fund,
340,893 and 340,611 units,
respectively
    
    
    15,162,930
    
    
    
    13,430,309PIMCO Funds
    
    PIMCO Total Return Fund,
1,394,411 and 1,219,985 units,
respectively
    
    
    15,129,362
    
    
    
    13,175,833Artisan Funds, Inc.
    
    Mid Cap Fund,
379,977 and 354,172 units,
respectively
    
    
    12,778,638
    
    
    
    9,052,634Artisan Funds, Inc.
    
    Small Cap Value Fund,
664,435 and 620,604 units,
respectively
    
    
    11,195,737
    
    
    
    8,893,248Fidelity Management Trust Co.
    
    Equity Income Fund,
1 and 536,333 units, respectively
    
    
    15
    *
    
    
    20,992,089Other  Registered
Investment Companies
(individually less than 5%
of net Plan assets)
    
    
    
    
    35,393,710
    
    
    
    27,625,459Total Registered
Investment
Companies
    
    
    
    
    156,096,014
    
    
    
    134,291,021Common Stock:Ingram Micro Inc.
    
    Ingram Micro Inc. Common Stock,
243,438 and 270,684 shares,
respectively
    
    
    4,648,463
    *
    
    
    4,724,619
    *
 16




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 5  INVESTMENTS (Continued)
 Total
Investments
Valued at Fair
Value as
Determined by
Quoted Market
Prices
    
    
    
    
    160,744,477
    
    
    
    139,015,640Investments Valued at Estimated Fair Value:Common and Collective Trusts:Fidelity Management Trust Co.
    
    Managed Income Portfolio II Fund,
21,525,022 and 0 units, respectively
    
    
    21,739,686
    
    
    
    
    *Fidelity Management Trust Co.
    
    Managed Income Portfolio Fund,
2,148 and 22,057,729 units,
respectively
    
    
    2,166
    *
    
    
    21,655,050Total
Investments
Valued at
Estimated Fair
Value
    
    
    
    
    21,741,852
    
    
    
    21,655,050Total Investments
    
    
    
    $
    182,486,329
    
    
    $
    160,670,690
 
 *
    
    Less than 5% of Plan Net Assets  Net Change in Fair Value:Registered Investment Companies
    
    $
    16,248,381Ingram Micro Inc. Common Stock
    
    
    404,858Net Appreciation in Fair Value of Investments
    
    $
    16,653,239
 NOTE 6  EMPLOYER STOCK
  17




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 7  PARTY-IN-INTEREST
  NOTE 8  PLAN TERMINATION
  NOTE 9  TAX STATUS
   18




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
Notes to Financial Statements
 NOTE 10  RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
  December 31,2010
    
    
    2009Net assets available for Plan benefits per the financial
statements
    
    $
    188,794,178
    
    
    $
    167,249,107Adjustment from contract value to fair value for fully
benefit-responsive investment contracts
(common/collective trust)
    
    
    214,682
    
    
    
    (402,679
    )Net assets available for Plan benefits per the Form 5500
    
    $
    189,008,860
    
    
    $
    166,846,428
  Year endedDecember 31, 2010Net increase in net assets available for
Plan benefits per the
financial statements
    
    $
    21,545,071Add: Adjustment from contract value to fair
value for fully benefit-responsive
investment contracts (common/ collective
trust) as of December 31, 2010
    
    
    214,682Add: Adjustment from contract value to fair
value for fully benefit-responsive
investment contracts (common/ collective
trust) as of December 31, 2009
    
    
    402,679Total net increase per the Form 5500
    
    $
    22,162,432
 NOTE 11  SUBSEQUENT EVENTS
   19




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INGRAM MICRO 401(k)
INVESTMENT SAVINGS PLAN
   (a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)Identity of Issue, Borrower,
    
    Description of Investment Including Maturity Date, Rate ofLessor, or Similar Party
    
    Interest, Collateral, Par, or Maturity Value
    
    Cost**
    
    Current ValueRegistered Investment CompaniesAmerican Funds Group
    
    Growth Fund of America, 907,544 units
    
    
    
    $
    27,398,753Artisan Funds, Inc.
    
    Small Cap Value Fund, 664,435 units
    
    
    
    
    11,195,737Artisan Funds, Inc.
    
    Mid Cap Fund, 379,977 units
    
    
    
    
    12,778,638Dodge and Cox
    
    Balanced Fund, 58,175 units
    
    
    
    
    4,085,082Massachusetts Financial Services Co.
    
    MFS Value Fund, 985,882 units
    
    
    
    
    22,487,978*
    
    Fidelity Management Trust Company
    
    Diversified International Fund, 548,885 units
    
    
    
    
    16,548,891*
    
    Fidelity Management Trust Company
    
    Equity Income Fund, 1 unit
    
    
    
    
    15*
    
    Fidelity Management Trust Company
    
    Freedom 2005 Fund, 26,359 units
    
    
    
    
    284,938*
    
    Fidelity Management Trust Company
    
    Freedom 2010 Fund, 68,776 units
    
    
    
    
    934,663*
    
    Fidelity Management Trust Company
    
    Freedom 2015 Fund, 106,900 units
    
    
    
    
    1,212,242*
    
    Fidelity Management Trust Company
    
    Freedom 2020 Fund, 464,758 units
    
    
    
    
    6,409,019*
    
    Fidelity Management Trust Company
    
    Freedom 2025 Fund, 202,369 units
    
    
    
    
    2,331,295*
    
    Fidelity Management Trust Company
    
    Freedom 2030 Fund, 488,211 units
    
    
    
    
    6,722,667*
    
    Fidelity Management Trust Company
    
    Freedom 2035 Fund, 233,808 units
    
    
    
    
    2,681,779*
    
    Fidelity Management Trust Company
    
    Freedom 2040 Fund, 343,078 units
    
    
    
    
    2,748,058*
    
    Fidelity Management Trust Company
    
    Freedom 2045 Fund, 38,831 units
    
    
    
    
    368,506*
    
    Fidelity Management Trust Company
    
    Freedom 2050 Fund, 34,815 units
    
    
    
    
    326,563*
    
    Fidelity Management Trust Company
    
    Freedom Income Fund, 118,299 units
    
    
    
    
    1,334,413*
    
    Fidelity Management Trust Company
    
    Spartan U.S. Equity Index Fund, 340,893 units
    
    
    
    
    15,162,930PIMCO Funds
    
    PIMCO Total Return Fund, 1,394,411 units
    
    
    
    
    15,129,362The Vanguard Group
    
    Vanguard Small Cap Growth Index Fund, 271,646 units
    
    
    
    
    5,954,485Total Registered Investment Companies
    
    
    
    
    
    
    156,096,014Common and Collective Trusts*
    
    Fidelity Management Trust Company
    
    Managed Income Portfolio Fund, 2,148 units
    
    
    
    
    2,166*
    
    Fidelity Management Trust Company
    
    Managed Income Portfolio II Fund, 21,525,022 units
    
    
    
    
    21,739,686Common Stock*
    
    Ingram Micro Inc.
    
    Ingram Micro Inc. Common Stock, 243,438 shares
    
    
    
    
    4,648,463Total Investments
    
    
    
    
    
    
    182,486,329*
    
    Notes Receivable from Participants
    
    Loans with maturities through 2025 and interest rates ranging from  4.25% to 10.50%
    
    
    
    
    6,534,754Total Assets
    
    
    
    
    
    $
    189,021,083
 *
    
    These investments represent parties-in-interest to the Plan.**
    
    Cost information is not required under ERISA as the investment options are participant
directed. 20




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Consent of Independent Registered Public Accounting Firm
 
  /s/ BDO USA, LLP
 
 21