ARROW ELECTRONICS, INC. — Director's Dealing 2004

Mar 1, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2004-03-01

Reporting Person: MCNALLY BRIAN (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33800	Direct
Common Stock	6268.307	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Benefit Plan Stock Option	$17.00	2004-12-15	Common Stock (3000)		Direct
Employee Benefit Plan Stock Option	$20.9375	2006-02-13	Common Stock (4000)		Direct
Employee Benefit Plan Stock Option	$26.0625	2006-12-13	Common Stock (6000)		Direct
Employee Benefit Plan Stock Option	$32.25	2007-12-18	Common Stock (3500)		Direct
Employee Benefit Plan Stock Option	$15.4375	2009-03-03	Common Stock (7500)		Direct
Employee Benefit Plan Stock Option	$20.375	2009-12-15	Common Stock (7500)		Direct
Employee Benefit Plan Stock Option	$25.85	2011-02-21	Common Stock (7500)		Direct
Employee Benefit Plan Stock Option	$26.45	2012-02-27	Common Stock (10000)		Direct
Employee Benefit Plan Stock Option	$13.85	2013-02-27	Common Stock (10000)		Direct
Employee Benefit Plan Stock Option	$24.60	2014-02-27	Common Stock (12000)		Direct

Footnotes

F1: Includes shares subject to the vesting provisions of the Arrow Electronics, Inc. Restricted Stock Plan.

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

F3: Held in the Company's Employee Stock Ownership Plan. Based on the Employee Stock Ownership Plan Statement of Account as of December 31, 2002.