ARROW ELECTRONICS, INC. — Director's Dealing 2004

Nov 15, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2004-11-15

Reporting Person: LONG MICHAEL J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-15	Common Stock	M	10000	$15.4375	Acquired	62276	Direct
2004-11-15	Common Stock	M	2500	$13.85	Acquired	64776	Direct
2004-11-15	Common Stock	S	11300	$24.81	Disposed	53476	Direct
2004-11-15	Common Stock	S	1200	$24.87	Disposed	52276	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-15	Employee Stock Option (right to buy)	$15.4375	M	10000	Disposed	2009-03-03	Common Stock (10000)	Direct
2004-11-15	Employee Stock Option (right to buy)	$13.85	M	2500	Disposed	2013-02-27	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2051.669	Indirect

Footnotes

F1: Includes shares subject to the vesting provisions of the Company's Restricted Stock Plan.