ANALOG DEVICES INC — Director's Dealing 2004

Dec 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2004-12-07

Reporting Person: STATA RAY (Director, CHAIRMAN OF THE BOARD)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-07	Non-Qualified Stock Option (right to buy)	$37.70	A	50000	Acquired	2014-12-07	Comm Stock-$.16-2/3 value (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	909182	Direct
Comm Stock-$.16-2/3 value	1108709	Indirect
Comm Stock-$.16-2/3 value	400277	Indirect
Comm Stock-$.16-2/3 value	2487588	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$7.37	2007-02-20	Comm Stock-$.16-2/3 value (86668)	86668	Direct
Non-Qualified Stock Option (right to buy)	$7.37	2007-12-16	Comm Stock-$.16-2/3 value (113334)	113334	Direct
Non-Qualified Stock Option (right to buy)	$28.75	2009-11-30	Comm Stock-$.16-2/3 value (200000)	200000	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-11-10	Comm Stock-$.16-2/3 value (150000)	150000	Direct
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (3913)	3913	Direct
Non-Qualified Stock Option (right to buy)	$41.05	2012-01-22	Comm Stock-$.16-2/3 value (100000)	100000	Direct
Non-Qualified Stock Option (right to buy)	$19.89	2012-09-24	Comm Stock-$.16-2/3 value (75000)	75000	Direct
Non-Qualified Stock Option (right to buy)	$45.27	2013-12-10	Comm Stock-$.16-2/3 value (50000)	50000	Direct

Footnotes

F1: This is a vesting schedule. 33.33% vests three, four and five years from grant date.

F2: This is a vesting schedule. 50% vests one and two years from grant date.

F3: This is a vesting schedule. 25% vests two, three, four and five years from grant date.