ANALOG DEVICES INC — Director's Dealing 2004

Dec 6, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2004-12-03

Reporting Person: MCADAM ROBERT P (VP, STANDARD LINEAR PROD DIV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-03	Comm Stock-$.16-2/3 value	M	50000	$5.12	Acquired	146601	Direct
2004-12-03	Comm Stock-$.16-2/3 value	S	50000	$38.84	Disposed	96601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-03	Non-Qualified Stock Option (right to buy)	$5.12	M	50000	Disposed	2004-12-09	Comm Stock-$.16-2/3 value (50000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$8.12	2005-11-27	Comm Stock-$.16-2/3 value (60000)	60000	Direct
Non-Qualified Stock Option (right to buy)	$7.37	2007-02-20	Comm Stock-$.16-2/3 value (54000)	54000	Direct
Non-Qualified Stock Option (right to buy)	$7.37	2007-12-16	Comm Stock-$.16-2/3 value (70000)	70000	Direct
Non-Qualified Stock Option (right to buy)	$6.62	2008-09-04	Comm Stock-$.16-2/3 value (70000)	70000	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
Non-Qualified Stock Option (right to buy)	$45.90	2011-06-01	Comm Stock-$.16-2/3 value (545)	545	Direct
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (4725)	4725	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)	$36.62	2012-05-31	Comm Stock-$.16-2/3 value (683)	683	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 (278)	278	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)	$48.41	2014-06-01	Comm Stock-$.16-2/3 value (517)	517	Direct

Footnotes

F1: This is a vesting schedule. 33.33% vests one, two & three years from grant date.

F2: This is a vesting schedule. 33.33% vests three, four and five years from grant date.

F3: This is a vesting schedule. 100% vests two years from grant date.

F4: This is a vesting schedule. 50% vests one and two years from grant date.

F5: This is a vesting schedule. 25% vests two, three, four and five years from grant date.