ARROW ELECTRONICS, INC. — Director's Dealing 2004

Apr 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2004-04-27

Reporting Person: SALSGIVER JAN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-27	Common Stock	M	15000	$17.00	Acquired	59800	Direct
2004-04-27	Common Stock	S	4700	$28.30	Disposed	55100	Direct
2004-04-27	Common Stock	S	10300	$28.25	Disposed	44800	Direct
2004-04-27	Common Stock	S	4000	$28.10	Disposed	40800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-27	Employee Stock Option (right to buy)	$17.00	M	15000	Disposed	2004-12-15	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6624	Indirect

Footnotes

F1: Exercisable at various dates commencing on the date shown.