ANALOG DEVICES INC — Director's Dealing 2003

Oct 8, 2003

SEC Form 4/A — Form 4/A

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2003-10-03

Reporting Person: MCDONOUGH JOSEPH E (VP, CHIEF FINAN OFCR - FINANCE)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-03	Comm Stock-$.16-2/3 value	M	10000	$7.3750	Acquired	10000	Direct
2003-10-03	Comm Stock-$.16-2/3 value	S	10000	$42.3460	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-03	Non-Qualified Stock Option (right to buy)	$7.3750	M	10000	Disposed	2007-12-16	Comm Stock-$.16-2/3 value (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	925	Indirect
Comm Stock-$.16-2/3 value	925	Indirect