ANALOG DEVICES INC — Director's Dealing 2003

Sep 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2003-09-09

Reporting Person: ROCHE VINCENT (V.P., WORLDWIDE SALES)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-09	Comm Stock-$.16-2/3 value	M	30000	$6.6250	Acquired	30000	Direct
2003-09-09	Comm Stock-$.16-2/3 value	S	30000	$41.9150	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-09	Non-Qualified Stock Option (right to buy)	$6.6250	M	30000	Disposed	2008-09-04	Comm Stock-$.16-2/3 value (30000)	Direct