ARROW ELECTRONICS, INC. — Director's Dealing 2008

May 12, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2008-05-12

Reporting Person: MILLS KAREN G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-12	Common Stock	M	4000	$27.50	Acquired	6600	Direct
2008-05-12	Common Stock	S	4000	$28.00	Disposed	2600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-12	Non-Employee Directors Plan Stock Option (right to buy)	$27.50	M	4000	Disposed	2008-05-14	Common Stock (4000)	Direct