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: FULLER SAMUEL H (VP, RESEARCH & DEVELOPMENT)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-07	Non-Qualified Stock Option (right to buy)	$37.70	A	35000	Acquired	2014-12-07	Comm Stock-$.16-2/3 value (35000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	1350	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$8.90	2005-12-07	Comm Stock-$.16-2/3 value (9917)	9917	Direct
Non-Qualified Stock Option (right to buy)	$12.70	2006-12-07	Comm Stock-$.16-2/3 value (21000)	21000	Direct
Non-Qualified Stock Option (right to buy)	$7.37	2008-02-18	Comm Stock-$.16-2/3 value (1134)	1134	Direct
Non-Qualified Stock Option (right to buy)	$28.75	2009-11-30	Comm Stock-$.16-2/3 value (80000)	80000	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-11-10	Comm Stock-$.16-2/3 value (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (5431)	5431	Direct
Non-Qualified Stock Option (right to buy)	$41.05	2012-01-22	Comm Stock-$.16-2/3 value (40000)	40000	Direct
Non-Qualified Stock Option (right to buy)	$19.89	2012-09-24	Comm Stock-$.16-2/3 value (40000)	40000	Direct
Non-Qualified Stock Option (right to buy)	$45.27	2013-12-10	Comm Stock-$.16-2/3 value (35000)	35000	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. 33.33% vests one, two & three years from grant date.

F3: This is a vesting schedule. 50% vests one and two years from grant date.

F4: This is a vesting schedule. 25% vests two, three, four and five years from grant date.