ANALOG DEVICES INC — Director's Dealing 2007

Jan 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2007-01-04

Reporting Person: SAVIERS F GRANT (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-04	Non-Qualified Stock Option (right to buy)	$33.41	A	15000	Acquired	2017-01-04	Comm Stock-$.16-2/3 value (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	5000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$13.59	2007-12-10	Comm Stock-$.16-2/3 value (7000)	7000	Direct
Non-Qualified Stock Option (right to buy)	$13.44	2008-12-10	Comm Stock-$.16-2/3 value (2500)	2500	Direct
Non-Qualified Stock Option (right to buy)	$33.40	2009-12-10	Comm Stock-$.16-2/3 value (21000)	21000	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-11-10	Comm Stock-$.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 (300)	300	Direct
Non-Qualified Stock Option (right to buy)	$41.05	2012-01-22	Comm Stock-$.16-2/3 value (20000)	20000	Direct
Non-Qualified Stock Option (right to buy)	$19.89	2012-09-24	Comm Stock-$.16-2/3 value (20000)	20000	Direct
Non-Qualified Stock Option (right to buy)	$45.27	2013-12-10	Comm Stock-$.16-2/3 value (18000)	18000	Direct
Non-Qualified Stock Option (right to buy)	$37.70	2014-12-07	Comm Stock-$.16-2/3 value (18000)	18000	Direct
Non-Qualified Stock Option (right to buy)	$39.44	2015-12-06	Comm Stock-$.16-2/3 value (15000)	15000	Direct

Footnotes

F1: This is a vesting schedule. 33.33% vests one, two & three years from grant date.

F2: This is a vesting schedule. 50% vests one and two years from grant date.