ARROW ELECTRONICS, INC. — Director's Dealing 2007

Feb 12, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2006-12-31

Reporting Person: MILLS KAREN G (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2600	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Directors Plan Stock Option (right to buy)	$27.8125	2007-05-15	Common Stock (15000)	15000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$27.50	2008-05-14	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$18.125	2009-05-14	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$33.6875	2010-05-23	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$26.52	2011-05-11	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$26.23	2012-05-23	Common Stock (4000)	4000	Direct
Non-Employee Directors Plan Stock Option (right to buy)	$16.51	2013-05-23	Common Stock (4000)	4000	Direct
Phantom Stock	$		Common Stock (14899.03)	14899.03	Direct
Restricted Stock Units	$		Common Stock (4811.83)	4811.83	Direct

Footnotes

F1: Phanton Stock settled by issuance of shares of Common Stock on a one-for-one basis following (i) termination of services as a Director, (ii) the occurence of an unforeseeable emergency or (iii) a change in control.

F2: Restricted Stock Units settled by (i) the issuance of shares of Common Stock on a one-for-one basis following termination of services as a Director, or (ii) payment of the fair market value of an equivalent number of shares of common stock following a change of control.