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: BROWN PETER S (Senior VP & General Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30600	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Benefit Plan Stock Option	$22.50	2011-10-08	Common Stock (60000)	60000	Direct
Employee Benefit Plan Stock Option	$26.45	2012-02-27	Common Stock (5000)	5000	Direct
Employee Benefit Plan Stock Option	$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.