ARROW ELECTRONICS, INC. — Director's Dealing 2004

Feb 6, 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: MITCHELL WILLIAM (Director, President and CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Benefit Plan Stock Option	$12.18	2013-02-03	Common Stock (200000)	200000	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.