ANALOG DEVICES INC — Director's Dealing 2004

Jun 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2003-12-23

Reporting Person: STATA RAY (Director, CHAIRMAN)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-15	Comm Stock-$.16-2/3 value	G	6500	—	Disposed	918514	Direct
2004-06-01	Comm Stock-$.16-2/3 value	I	668	$31.7700	Acquired	919182	Direct
2003-12-23	Comm Stock-$.16-2/3 value	G	1355	—	Disposed	400277	Indirect

Holdings (Non-Derivative)

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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$7.3750	2007-02-20	Comm Stock-$.16-2/3 value (86668)	86668	Direct
Non-Qualified Stock Option (right to buy)	$7.3750	2007-12-16	Comm Stock-$.16-2/3 value (113334)	113334	Direct
Non-Qualified Stock Option (right to buy)	$28.7500	2009-11-30	Comm Stock-$.16-2/3 value (200000)	200000	Direct
Non-Qualified Stock Option (right to buy)	$44.5000	2010-11-10	Comm Stock-$.16-2/3 value (150000)	150000	Direct
Non-Qualified Stock Option (right to buy)	$39.0600	2011-07-18	Comm Stock-$.16-2/3 value (3913)	3913	Direct
Non-Qualified Stock Option (right to buy)	$41.0500	2012-01-22	Comm Stock-$.16-2/3 value (100000)	100000	Direct
Non-Qualified Stock Option (right to buy)	$19.8900	2012-09-24	Comm Stock-$.16-2/3 value (75000)	75000	Direct
Non-Qualified Stock Option (right to buy)	$45.2700	2013-12-10	Comm Stock-$.16-2/3 value (50000)	50000	Direct

Footnotes

F1: Mr. and Mrs. Stata Co-Trustees (charitable lead trusts, remainder for the benefit of Mr. Stata's children/grandchildren.)

F2: The reporting person has been incorrectly reporting the balances on the derivative securities that first became exercisable on 9/8/01.