ANALOG DEVICES INC — Director's Dealing 2004

Jun 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2004-06-08

Reporting Person: MCALOON BRIAN (VP, DSP & SYS PRODUCTS GRP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-08	Comm Stock-$.16-2/3 value	M	30000	$6.6250	Acquired	36137	Direct
2004-06-08	Comm Stock-$.16-2/3 value	S	30000	$49.5000	Disposed	6137	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-08	Non-Qualified Stock Option (right to buy)	$6.6250	M	30000	Disposed	2008-09-04	Comm Stock-$.16-2/3 value (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	385	Indirect
Comm Stock-$.16-2/3 value	385	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$8.1250	2005-11-27	Comm Stock-$.16-2/3 value (26668)	26668	Direct
Non-Qualified Stock Option (right to buy)	$7.3750	2007-12-16	Comm Stock-$.16-2/3 value (23334)	23334	Direct
Non-Qualified Stock Option (right to buy)	$28.7500	2009-11-30	Comm Stock-$.16-2/3 value (110000)	110000	Direct
Non-Qualified Stock Option (right to buy)	$44.5000	2010-11-10	Comm Stock-$.16-2/3 value (90000)	90000	Direct
Non-Qualified Stock Option (right to buy)	$32.7800	2011-04-02	Comm Stock-$.16-2/3 value (25000)	25000	Direct
Non-Qualified Stock Option (right to buy)	$39.0600	2011-07-18	Comm Stock-$.16-2/3 value (6453)	6453	Direct
Non-Qualified Stock Option (right to buy)	$41.0500	2012-01-22	Comm Stock-$.16-2/3 value (80000)	80000	Direct
Non-Qualified Stock Option (right to buy)	$19.8900	2012-09-24	Comm Stock-$.16-2/3 value (80000)	80000	Direct
Non-Qualified Stock Option (Right to Buy)	$37.3800	2013-06-02	Comm Stock-$.16-2/3 value (669)	669	Direct
Non-Qualified Stock Option (right to buy)	$45.2700	2013-12-10	Comm Stock-$.16-2/3 value (65000)	65000	Direct