SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MCALOON BRIAN

(Last)

(First)

(Middle)

P.O. BOX 9106

THREE TECHNOLOGY WAY

(Street)

NORWOOD

020629106

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ANALOG DEVICES INC [ ADI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, DSP & SYS PRODUCTS GRP

3. Date of Earliest Transaction (Month/Day/Year)
04/05/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Comm Stock-$.16-2/3 value	04/05/2004		M		10,000	A	$6.625	16,137	D
Comm Stock-$.16-2/3 value	04/05/2004		S		10,000	D	$50.3866	6,137	D
Comm Stock-$.16-2/3 value								385	I	By Son
Comm Stock-$.16-2/3 value								385	I	By Son 2

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$6.625	04/05/2004		M			10,000	09/04/2001	09/04/2008	Comm Stock-$.16-2/3 value	10,000	$0	60,000	D
Non-Qualified Stock Option (right to buy)	$8.125							11/27/1998	11/27/2005	Comm Stock-$.16-2/3 value	26,668		26,668	D
Non-Qualified Stock Option (right to buy)	$7.375							09/08/2001	12/16/2007	Comm Stock-$.16-2/3 value	23,334		23,334	D
Non-Qualified Stock Option (right to buy)	$28.75							11/30/2002	11/30/2009	Comm Stock-$.16-2/3 value	110,000		110,000	D
Non-Qualified Stock Option (right to buy)	$44.5							11/10/2003	11/10/2010	Comm Stock-$.16-2/3 value	90,000		90,000	D
Non-Qualified Stock Option (right to buy)	$32.78							04/02/2004	04/02/2011	Comm Stock-$.16-2/3 value	25,000		25,000	D
Non-Qualified Stock Option (right to buy)	$39.06							07/18/2002	07/18/2011	Comm Stock-$.16-2/3 value	6,453		6,453	D
Non-Qualified Stock Option (right to buy)	$41.05							01/22/2005	01/22/2012	Comm Stock-$.16-2/3 value	80,000		80,000	D
Non-Qualified Stock Option (right to buy)	$19.89							09/24/2003	09/24/2012	Comm Stock-$.16-2/3 value	80,000		80,000	D
Non-Qualified Stock Option (Right to Buy)	$37.38							06/02/2005	06/02/2013	Comm Stock-$.16-2/3 value	669		669	D
Non-Qualified Stock Option (right to buy)	$45.27							12/10/2006	12/10/2013	Comm Stock-$.16-2/3 value	65,000		65,000	D

Explanation of Responses:

	By: WILLIAM A. MARTIN, Attny In Fact	04/06/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.