ARROW ELECTRONICS, INC. — Director's Dealing 2003

Oct 29, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2003-10-29

Reporting Person: KLATELL ROBERT E (Director, Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-29	Common Stock	M	30000	$19.00	Acquired	100530	Direct
2003-10-29	Common Stock	S	2100	$21.05	Disposed	98430	Direct
2003-10-29	Common Stock	S	27900	$21.00	Disposed	70530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-29	Employee Benefit Stock Option Plan	$19.00	M	30000	Disposed	2003-12-09	Common Stock (30000)	Direct

Footnotes

F1: Reported securities beneficially owned includes 14,925 shares held indirectly in Company's Employee Stock Ownership Plan and 600 shares held indirectly as custodian for a minor child.

F2: Right to buy granted under the Arrow Electronics, Inc. Stock Option Plan.