ARROW ELECTRONICS, INC. — Director's Dealing 2007

May 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2007-05-18

Reporting Person: REILLY PAUL J (Sr. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-18	Common Stock	M	3500	$32.25	Acquired	45325	Direct
2007-05-18	Common Stock	S	3500	$42.00	Disposed	41825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-18	Employee Stock Option (right to buy)	$32.25	M	3500	Disposed	2007-12-18	Common Stock (3500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3413.6	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2005.