ARROW ELECTRONICS, INC. — Director's Dealing 2003

Aug 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2003-08-15

Reporting Person: PERRY BARRY W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-15	Phantom Stock	$	A	303.9514	Acquired		Common Stock (303.9514)	Direct

Footnotes

F1: Phantom stock units issued under the Arrow Electronics, Inc. 2002 Non-Employee Directors Deferral Plan convert to common stock on a 1-for-1 basis.

F2: Phantom stock is settled by the issuance of common stock following termination of services as a Director, the occurence of an unforeseeable emergency or a change in control as defined in the Plan.