ANALOG DEVICES INC — Director's Dealing 2008

Jun 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2008-06-03

Reporting Person: MCDONOUGH JOSEPH E (VP, FINANCE & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-03	Comm Stock-$.16-2/3 value	M	40000	$19.89	Acquired	43756	Direct
2008-06-03	Comm Stock-$.16-2/3 value	S	600	$35.27	Disposed	43156	Direct
2008-06-03	Comm Stock-$.16-2/3 value	S	1300	$35.26	Disposed	41856	Direct
2008-06-03	Comm Stock-$.16-2/3 value	S	3000	$35.23	Disposed	38856	Direct
2008-06-03	Comm Stock-$.16-2/3 value	S	15800	$35.24	Disposed	23056	Direct
2008-06-03	Comm Stock-$.16-2/3 value	S	19300	$35.25	Disposed	3756	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-03	Non-Qualified Stock Option (right to buy)	$19.89	M	40000	Disposed	2012-09-24	Comm Stock-$.16-2/3 value (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	1375	Indirect
Comm Stock-$.16-2/3 value	1375	Indirect
Comm Stock-$.16-2/3 value - 401(k)	6207	Indirect

Footnotes

F1: --This is a vesting schedule. 25% vests two, three, four and five years from grant date.