ANALOG DEVICES INC — Director's Dealing 2007

Feb 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2007-02-27

Reporting Person: GIUDICE WILLIAM (VP & GEN MGR, MCRO PROD DIV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-27	Comm Stock-$.16-2/3 value	M	25000	$23.74	Acquired	25516	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	5000	$36.14	Disposed	20516	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	1200	$36.11	Disposed	19316	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	1000	$36.09	Disposed	18316	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	900	$36.07	Disposed	17416	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	1600	$36.06	Disposed	15816	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	3300	$36.05	Disposed	12516	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	900	$36.04	Disposed	11616	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	2100	$36.03	Disposed	9516	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	3600	$36.02	Disposed	5916	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	1200	$36.01	Disposed	4716	Direct
2007-02-27	Comm Stock-$.16-2/3 value	S	4200	$36.10	Disposed	516	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-27	Non-Qualified Stock Option (right to buy)	$23.74	M	25000	Disposed	2013-02-03	Comm Stock-$.16-2/3 value (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (45000)	45000	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. 20% vests one, two, 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. 33.33% vests three, four and five years from grant date.

F4: This is a vesting schedule. 100% vests on 7/30/05.