ARROW ELECTRONICS, INC. — Director's Dealing 2004

Feb 9, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2003-12-31

Reporting Person: GREEN KERYN H (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20125	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Benefit Stock Option Plan	$32.25	2007-12-18	Common Stock (10000)	10000	Direct
Employee Benefit Stock Option Plan	$20.375	2009-12-15	Common Stock (5000)	5000	Direct
Employee Benefit Stock Option Plan	$25.85	2011-02-21	Common Stock (10000)	10000	Direct
Employee Benefit Stock Option Plan	$26.45	2012-02-27	Common Stock (15000)	15000	Direct
Employee Benefit Stock Option Plan	$13.85	2013-02-27	Common Stock (10000)	10000	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.