ANALOG DEVICES INC — Director's Dealing 2007

Mar 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2007-03-21

Reporting Person: MARSHALL ROBERT R (VP, WORLDWIDE MFG.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-21	Comm Stock-$.16-2/3 value	S	700	$35.70	Disposed	218304	Direct
2007-03-21	Comm Stock-$.16-2/3 value	S	42600	$35.71	Disposed	175704	Direct
2007-03-21	Comm Stock-$.16-2/3 value	S	14900	$35.72	Disposed	160804	Direct
2007-03-21	Comm Stock-$.16-2/3 value	S	1800	$35.73	Disposed	159004	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$28.75	2009-12-30	Comm Stock-$.16-2/3 value (70000)	70000	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-12-10	Comm Stock-$.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 (40000)	40000	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
Non-Qualified Stock Option (right to buy)	$39.44	2015-12-06	Comm Stock-$.16-2/3 value (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$33.41	2017-01-04	Comm Stock-$.16-2/3 value (50000)	50000	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. 100% vests two years from grant date.

F3: This is a vesting schedule. 50% vests one and two years from grant date.

F4: This is a vesting schedule. 25% vests two, three, four and five years from grant date.

F5: This is a vesting schedule. 100% vests on 7/30/05.

F6: This is a vesting schedule. 20% vests one, two, three, four and five years from grant date.