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: MARSHALL ROBERT R (VP, WORLDWIDE MFG.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-18	Comm Stock-$.16-2/3 value	M	20000	$8.12	Acquired	35004	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	3200	$36.90	Disposed	31804	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	4200	$36.87	Disposed	27604	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	300	$36.89	Disposed	27304	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	11600	$36.86	Disposed	15704	Direct
2005-11-18	Comm Stock-$.16-2/3 value	S	700	$36.88	Disposed	15004	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-18	Non-Qualified Stock Option (right to buy)	$8.12	M	20000	Disposed	2005-11-27	Comm Stock-$.16-2/3 value (20000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (382)	382	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
Non-Qualified Stock Option (right to buy)	$37.70	2014-12-07	Comm Stock-$.16-2/3 value (65000)	65000	Direct
Non-Qualified Stock Option (right to buy)	$37.04	2015-06-01	Comm Stock-$.16-2/3 value (675)	675	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.

F6: This is a vesting schedule. 100% vests on 7/30/05.