ANALOG DEVICES INC — Director's Dealing 2008

Sep 29, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2008-09-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-26	Comm Stock-$.16-2/3 value	M	70000	$6.62	Acquired	211601	Direct
2008-09-26	Comm Stock-$.16-2/3 value	S	25000	$26.589	Disposed	186601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-26	Non-Qualified Stock Option (right to buy)	$6.62	M	70000	Disposed	2008-10-04	Comm Stock-$.16-2/3 value (70000)	Direct

Footnotes

F1: 25,000 shares were sold at a price range of 26.52 through 26.65. The details of the transaction are available upon request.

F2: This is a vesting schedule. 33.33% vests three, four and five years from grant date.