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: 2004-06-01

Reporting Person: MCDONOUGH JOSEPH E (VP, CHIEF FINAN OFCR - FINANCE)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-01	Comm Stock-$.16-2/3 value	I	668	$31.7700	Acquired	2556	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	1375	Indirect
Comm Stock-$.16-2/3 value	1375	Indirect
Comm Stock-$.16-2/3 value-401K	5695	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$7.3750	2007-12-16	Comm Stock-$.16-2/3 value (15000)	15000	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)	$45.9000	2011-06-01	Comm Stock-$.16-2/3 value (545)	545	Direct
Non-Qualified Stock Option (right to buy)	$39.0600	2011-07-18	Comm Stock-$.16-2/3 value (6052)	6052	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)	$45.2700	2013-12-10	Comm Stock-$.16-2/3 value (65000)	65000	Direct

Footnotes

F1: The number of shares being held in the reporting person's 401K account has been determined by dividing the participant's unit value in the fund by the value of the issuer's stock.