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: MCADAM ROBERT P (VP, STANDARD LINEAR PROD DIV)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-05	Comm Stock-$.16-2/3 value	M	54000	$7.37	Acquired	150601	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	3300	$33.04	Disposed	147301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	200	$33.03	Disposed	147101	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	100	$33.02	Disposed	147001	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	2200	$33.01	Disposed	144801	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	5000	$32.70	Disposed	139801	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	200	$32.80	Disposed	139601	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	300	$32.77	Disposed	139301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	900	$32.76	Disposed	138401	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	10800	$33.00	Disposed	127601	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	4300	$32.99	Disposed	123301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	5000	$32.98	Disposed	118301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	15100	$32.97	Disposed	103201	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	1000	$32.96	Disposed	102201	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	100	$32.96	Disposed	102101	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	1300	$32.95	Disposed	100801	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	1600	$32.91	Disposed	99201	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	500	$32.90	Disposed	98701	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	100	$32.88	Disposed	98601	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	300	$32.87	Disposed	98301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	200	$32.86	Disposed	98101	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	600	$32.85	Disposed	97501	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	200	$32.84	Disposed	97301	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	400	$32.83	Disposed	96901	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	200	$32.81	Disposed	96701	Direct
2007-01-05	Comm Stock-$.16-2/3 value	S	100	$32.79	Disposed	96601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-04	Non-Qualified Stock Option (right to buy)	$33.41	A	50000	Acquired	2017-01-04	Comm Stock-$.16-2/3 value (50000)	Direct
2007-01-05	Non-Qualified Stock Option (right to buy)	$7.37	M	54000	Disposed	2007-03-22	Comm Stock-$.16-2/3 value (54000)	Direct

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 (70000)	70000	Direct
Non-Qualified Stock Option (right to buy)	$6.62	2008-10-04	Comm Stock-$.16-2/3 value (70000)	70000	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)	$45.90	2011-06-01	Comm Stock-$.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 (278)	278	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 (40000)	40000	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. 33.33% vests three, four and five years from grant date.

F3: The terms of the option provide that the option expiration date is 10 years plus 30 days from the date of grant. Prior Form 4 filings by the reporting person inadvertently reported an earlier expiration date.

F4: This is a vesting schedule. 100% vests two years from grant date.

F5: This is a vesting schedule. 50% vests one and two years from grant date.

F6: This is a vesting schedule. 25% vests two, three, four and five years from grant date.

F7: This is a vesting schedule. 100% vests on 7/30/05.