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: HANSON JOHN NILS (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Directors Plan Stock Option	$32.25	2007-12-18	Common Stock (15000)	15000	Direct
Non-Employee Directors Plan Stock Option	$27.50	2008-05-14	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option	$18.125	2009-05-14	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option	$33.6875	2010-05-23	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option	$26.52	2011-05-11	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option	$26.23	2012-05-23	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option	$16.51	2013-05-23	Common Stock (4000)	4000	Direct
Phantom Stock	$		Common Stock (4889.6316)	4889.6316	Direct

Footnotes

F1: Right to buy granted under the Arrow Electronics, Inc. Non-Employee Directors Stock Option Plan.

F2: Phantom Stock issued under the Arrow Electronics, Inc. Non-Employee Directors Deferral Plan and settled by issuance of shares of Common Stock on a one-for-one basis following (i) termination of services as a Director, (ii) the occurence of an unforeseeable emergency or (iii) a change in control as defined in the Plan.