ANALOG DEVICES INC — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2007-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-28	Comm Stock-$.16-2/3 value	M	30000	$6.62	Acquired	37327	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	100	$36.15	Disposed	37227	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	100	$36.16	Disposed	37127	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	700	$36.17	Disposed	36427	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	300	$36.18	Disposed	36127	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	600	$36.19	Disposed	35527	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	300	$36.20	Disposed	35227	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	500	$36.21	Disposed	34727	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	300	$36.22	Disposed	34427	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1200	$36.23	Disposed	33227	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1300	$36.24	Disposed	31927	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	3700	$36.25	Disposed	28227	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1900	$36.26	Disposed	26327	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1700	$36.27	Disposed	24627	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1100	$36.28	Disposed	23527	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	2500	$36.29	Disposed	21027	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1600	$36.30	Disposed	19427	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	2200	$36.31	Disposed	17227	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	2300	$36.32	Disposed	14927	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1600	$36.33	Disposed	13327	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1500	$36.34	Disposed	11827	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	900	$36.35	Disposed	10927	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1100	$36.36	Disposed	9827	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	1700	$36.37	Disposed	8127	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	200	$36.38	Disposed	7927	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	300	$36.39	Disposed	7627	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	200	$36.41	Disposed	7427	Direct
2007-02-28	Comm Stock-$.16-2/3 value	S	100	$36.43	Disposed	7327	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-28	Non-Qualified Stock Option (right to buy)	$6.62	M	30000	Disposed	2008-10-04	Comm Stock-$.16-2/3 value (30000)	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)	$7.37	2008-01-15	Comm Stock-$.16-2/3 value (23334)	23334	Direct
Non-Qualified Stock Option (right to buy)	$28.75	2009-12-30	Comm Stock-$.16-2/3 value (110000)	110000	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)	$32.78	2011-04-02	Comm Stock-$.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.