ARROW ELECTRONICS, INC. — Director's Dealing 2007

May 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2007-05-21

Reporting Person: BROWN PETER S (Sr. VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-21	Common Stock	M	4200	$22.50	Acquired	6350	Direct
2007-05-21	Common Stock	M	5000	$26.45	Acquired	11350	Direct
2007-05-21	Common Stock	S	9200	$42.45	Disposed	2150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-21	Employee Stock Option (right to buy)	$22.50	M	4200	Disposed	2011-10-08	Common Stock (4200)	Direct
2007-05-21	Employee Stock Option (right to buy)	$26.45	M	5000	Disposed	2012-02-27	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	929.33	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2007.