ANALOG DEVICES INC — Director's Dealing 2003

Dec 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2003-12-17

Reporting Person: MCALOON BRIAN (VP, DSP & SYS PRODUCTS GRP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-17	Comm Stock-$.16-2/3 value	G	571	—	Disposed	6137	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	385	Indirect
Comm Stock-$.16-2/3 value	385	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (6453)	6453	Direct
Non-Qualified Stock Option (right to buy)	$41.05	2012-01-22	Comm Stock-$.16-2/3 value (80000)	80000	Direct
Non-Qualified Stock Option (right to buy)	$32.78	2011-04-02	Comm Stock-$.16-2/3 value (25000)	25000	Direct
Non-Qualified Stock Option (right to buy)	$19.89	2012-09-24	Comm Stock-$.16-2/3 value (80000)	80000	Direct
Non-Qualified Stock Option (Right to Buy)	$37.38	2013-06-02	Comm Stock-$.16-2/3 value (669)	669	Direct
Non-Qualified Stock Option (right to buy)	$8.13	2005-11-27	Comm Stock-$.16-2/3 value (26668)	26668	Direct
Non-Qualified Stock Option (right to buy)	$45.27	2013-12-10	Comm Stock-$.16-2/3 value (65000)	65000	Direct
Non-Qualified Stock Option (right to buy)	$6.63	2008-09-04	Comm Stock-$.16-2/3 value (70000)	70000	Direct
Non-Qualified Stock Option (right to buy)	$7.38	2007-12-16	Comm Stock-$.16-2/3 value (23334)	23334	Direct
Non-Qualified Stock Option (right to buy)	$28.75	2009-11-30	Comm Stock-$.16-2/3 value (110000)	110000	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-11-10	Comm Stock-$.16-2/3 value (90000)	90000	Direct

Footnotes

F1: During the period, the reporting person gifted shares to an educational institution.