ARROW ELECTRONICS, INC. — Director's Dealing 2006

Jan 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2006-01-09

Reporting Person: FANELLI GERMANO (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-09	Common Stock	M	2800	$26.0625	Acquired	24800	Direct
2006-01-09	Common Stock	S	2800	$33.75	Disposed	22000	Direct
2006-01-10	Common Stock	M	2200	$26.0625	Acquired	24200	Direct
2006-01-10	Common Stock	S	2200	$33.75	Disposed	22000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-09	Employee Stock Option (right to buy)	$26.0625	M	2800	Disposed	2006-12-13	Common Stock (2800)	Direct
2006-01-10	Employee Stock Option (right to buy)	$26.0625	M	2200	Disposed	2006-12-13	Common Stock (2200)	Direct

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2004 and as amended August 2, 2005.

F2: Includes shares subject to the vesting provisions of the Company's Restricted Stock Plan.