ANALOG DEVICES INC — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ANALOG DEVICES INC (ADI)
CIK: 0000006281
Period of Report: 2011-02-18

Reporting Person: FISHMAN JERALD (Director, PRESIDENT & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Comm Stock-$.16-2/3 value	M	10000.0000	$19.8900	Acquired	431348.0000	Direct
2011-02-18	Comm Stock-$.16-2/3 value	S	10000.0000	$41.1000	Disposed	421348.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Non-Qualified Stock Option (right to buy)	$19.8900	M	10000.0000	Disposed	2012-09-24	Comm Stock-$.16-2/3 value (10000.0000)	Direct

Footnotes

F1: The vesting schedule for these options is: 25% vests two, three, four and five years from grant date. The option was fully vested as of September 24, 2009 in accordance with its terms.