ANALOG DEVICES INC — Director's Dealing 2005

Nov 21, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2005-11-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-18	Comm Stock-$.16-2/3 value	M	26668	$8.12	Acquired	33321	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	134	$37.18	Disposed	33187	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	100	$37.09	Disposed	33087	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	200	$37.14	Disposed	32887	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	5900	$37.06	Disposed	26987	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	400	$37.13	Disposed	26587	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	2000	$37.01	Disposed	24587	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	6600	$37.10	Disposed	17987	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	11334	$37.00	Disposed	6653	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-18	Non-Qualified Stock Option (right to buy)	$8.12	M	26668	Disposed	2005-11-27	Comm Stock-$.16-2/3 value (26668)	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)	$7.37	2007-12-16	Comm Stock-$.16-2/3 value (23334)	23334	Direct
Non-Qualified Stock Option (right to buy)	$6.62	2008-09-04	Comm Stock-$.16-2/3 value (30000)	30000	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)	$32.78	2011-04-02	Comm Stock-$.16-2/3 value (25000)	25000	Direct
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (6453)	6453	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)	$19.89	2012-09-24	Comm Stock-$.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 (669)	669	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)	$37.70	2014-12-07	Comm Stock-$.16-2/3 value (65000)	65000	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. 50% vests one and two years from grant date.

F3: This is a vesting schedule. 25% vests two, three, four and five years from grant date.

F4: This is a vesting schedule. 100% vests two years from grant date.