ARROW ELECTRONICS, INC. — Director's Dealing 2004

Nov 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2004-11-02

Reporting Person: MCNALLY BRIAN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-02	Common Stock	M	3000	$17.00	Acquired	36800	Direct
2004-11-02	Common Stock	S	3000	$24.00	Disposed	33800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-02	Employee Stock Option (right to buy)	$17.00	M	3000	Disposed	2004-12-15	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6534.597	Indirect

Footnotes

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