ARROW ELECTRONICS, INC. — Director's Dealing 2003

Nov 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2003-11-13

Reporting Person: GREEN KERYN H (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-13	Common Stock	M	5000	$15.4375	Acquired	25125	Direct
2003-11-13	Common Stock	S	3000	$23.08	Disposed	22125	Direct
2003-11-13	Common Stock	S	1000	$23.07	Disposed	21125	Direct
2003-11-13	Common Stock	S	1000	$23.09	Disposed	20125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-13	Employee Benefit Stock Option Plan	$15.4375	M	5000	Disposed	2009-03-03	Common Stock (5000)	Direct

Footnotes

F1: Right to buy granted under the Arrow Electronics, Inc. Stock Option Plan.