ANALOG DEVICES INC — Director's Dealing 2008

Jan 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2008-01-03

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-03	Non-Qualified Stock Option (right to buy)	$29.91	A	50000	Acquired	2018-01-03	Comm Stock-$.16-2/3 value (50000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Comm Stock-$.16-2/3 value	96601.00	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$48.41	2014-06-01	Comm Stock-$.16-2/3 value (517.00)	517.00	Direct
Non-Qualified Stock Option (right to buy)	$37.70	2014-12-07	Comm Stock-$.16-2/3 value (65000.00)	65000.00	Direct
Non-Qualified Stock Option (right to buy)	$37.04	2015-06-01	Comm Stock-$.16-2/3 value (675.00)	675.00	Direct
Non-Qualified Stock Option (right to buy)	$39.44	2015-12-06	Comm Stock-$.16-2/3 value (40000.00)	40000.00	Direct
Non-Qualified Stock Option (right to buy)	$33.41	2017-01-04	Comm Stock-$.16-2/3 value (50000.00)	50000.00	Direct
Non-Qualified Stock Option (right to buy)	$7.37	2008-01-15	Comm Stock-$.16-2/3 value (70000.00)	70000.00	Direct
Non-Qualified Stock Option (right to buy)	$6.62	2008-10-04	Comm Stock-$.16-2/3 value (70000.00)	70000.00	Direct
Non-Qualified Stock Option (right to buy)	$28.75	2009-12-30	Comm Stock-$.16-2/3 value (110000.00)	110000.00	Direct
Non-Qualified Stock Option (right to buy)	$44.50	2010-12-10	Comm Stock-$.16-2/3 value (90000.00)	90000.00	Direct
Non-Qualified Stock Option (right to buy)	$45.90	2011-06-01	Comm Stock-$.16-2/3 value (545.00)	545.00	Direct
Non-Qualified Stock Option (right to buy)	$39.06	2011-07-18	Comm Stock-$.16-2/3 value (4725.00)	4725.00	Direct
Non-Qualified Stock Option (right to buy)	$41.05	2012-01-22	Comm Stock-$.16-2/3 value (80000.00)	80000.00	Direct
Non-Qualified Stock Option (right to buy)	$36.62	2012-05-31	Comm Stock-$.16-2/3 value (683.00)	683.00	Direct
Non-Qualified Stock Option (right to buy)	$19.89	2012-09-24	Comm Stock-$.16-2/3 value (80000.00)	80000.00	Direct
Non-Qualified Stock Option (right to buy)	$37.38	2013-06-02	Comm Stock-$.16-2/3 value (278.00)	278.00	Direct
Non-Qualified Stock Option (right to buy)	$45.27	2013-12-10	Comm Stock-$.16-2/3 value (65000.00)	65000.00	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: This is a vesting schedule. 100% vests two years from grant date.

F4: This is a vesting schedule. 50% vests one and two years from grant date.

F5: This is a vesting schedule. 25% vests two, three, four and five years from grant date.

F6: This is a vesting schedule. 100% vests on 7/30/05.