ARROW ELECTRONICS, INC. — Director's Dealing 2003

Nov 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2003-11-07

Reporting Person: SCHEIHING BETTY JANE (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-07	Common Stock	M	15000	$19.00	Acquired	34400	Direct
2003-11-07	Common Stock	M	25000	$17.00	Acquired	59400	Direct
2003-11-07	Common Stock	M	12500	$15.4375	Acquired	71900	Direct
2003-11-07	Common Stock	S	52500	$23.467	Disposed	19400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-07	Employee Benefit Stock Option Plan	$19.00	M	15000	Disposed	2003-12-09	Commonn Stock (15000)	Direct
2003-11-07	Employee Benefit Stock Option Plan	$17.00	M	25000	Disposed	2004-12-15	Common Stock (25000)	Direct
2003-11-07	Employee Benefit Stock Option Plan	$15.4375	M	12500	Disposed	2009-03-03	Common Stock (12500)	Direct

Footnotes

F1: Reporting person also beneficially owns 10,784 shares held Indirectly in Company's Employee Stock Ownership Plan.

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