ARROW ELECTRONICS, INC. - Director's Dealing 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: REILLY PAUL J (VP & Chief Financial Officer)

Security	Shares	Ownership
Common Stock	2483	Indirect
Common Stock	35000	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Benefit Plan Stock Option	$20.9375	2006-02-13	Common Stock (6000)	6000	Direct
Employee Benefit Plan Stock Option	$26.0625	2006-12-13	Common Stock (6000)	6000	Direct
Employee Benefit Plan Stock Option	$32.25	2007-12-18	Common Stock (3500)	3500	Direct
Employee Benefit Plan Stock Option	$15.4375	2009-03-03	Common Stock (4000)	4000	Direct
Employee Benefit Plan Stock Option	$20.3750	2009-12-15	Common Stock (7500)	7500	Direct
Employee Benefit Plan Stock Option	$25.85	2011-02-21	Common Stock (7500)	7500	Direct
Employee Benefit Plan Stock Option	$22.50	2011-10-08	Common Stock (7500)	7500	Direct
Employee Benefit Plan Stock Option	$26.45	2012-02-27	Common Stock (10000)	10000	Direct
Employee Benefit Plan Stock Option	$13.85	2013-02-27	Common Stock (10000)	10000	Direct

F1: Held in the Company's Employee Stock Ownership Plan. Based on the Employee Stock Ownership Plan Statement of Account as of December 31, 2002.

F2: Includes shares subject to the vesting provisions of the Arrow Electronics, Inc. Restricted Stock Plan.

F3: Right to buy granted under the Arrow Electronics, Inc. Stock Option Plan.