ARROW ELECTRONICS, INC. — Director's Dealing 2004

Nov 5, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2004-11-05

Reporting Person: FANELLI GERMANO (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-05	Common Stock	M	10000	$17.00	Acquired	38000	Direct
2004-11-05	Common Stock	S	10000	$24.25	Disposed	28000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-05	Employee Stock Option (right to buy)	$17.00	M	10000	Disposed	2004-12-15	Common Stock (10000)	Direct

Footnotes

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