ARROW ELECTRONICS, INC. — Director's Dealing 2016

May 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW ELECTRONICS INC (ARW)
CIK: 0000007536
Period of Report: 2016-05-20

Reporting Person: REILLY PAUL J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-20	Common Stock	M	10000	$32.61	Acquired	113494	Direct
2016-05-20	Common Stock	S	10000	$61.57	Disposed	103494	Direct
2016-05-23	Common Stock	M	14300	$32.61	Acquired	117794	Direct
2016-05-23	Common Stock	S	14300	$61.54	Disposed	103494	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-20	Employee Stock Option (right to buy)	$32.61	M	10000	Acquired	2018-03-01	Common Stock (10000)	Direct
2016-05-23	Employee Stock Option (right to buy)	$32.61	M	14300	Acquired	2018-03-01	Common Stock (14300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3788.596	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.43 to $61.77, inclusive.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.45 to $61.75, inclusive.