Form 5

FORM 5

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

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    Form 3 Holdings Reported
    Form 4 Transactions Reported

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Kaufman, Stephen P.

2. Issuer Name and Ticker or Trading Symbol
Arrow Electronics, Inc. (ARW)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                                       10% Owner
    Officer (give title below)          Other (specify below)

                                                  

(Last)      (First)     (Middle)

c/o Arrow Electronics, Inc.
50 Marcus Drive

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

011-32-8589

4. Statement for
Month/Year
December 2002

(Street)

Melville, NY 11747

5. If Amendment,
Date of Original
(Month/Year)
 		 7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned at End of Issuer's
Fiscal year
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Amount

(A)
or
(D)

Price

Common Stock(1)

 

 

 

 

29,087

I

Held in the Company's Employee Stock Ownership Plan.

Common Stock(2)

 

 

 

 

 

 

39,275

D

 
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).

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FORM 5 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
at End of Year
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Employee Benefit Plan Stock Option

19.00

 

 

 

 

 

12/9/94

12/9/03

Common Stock

25,000

 

25,000

D

 

Employee Benefit Plan Stock Option

20.575

 

 

 

 

 

2/22/96

2/22/05

Common Stock

166,666

 

166,666

D

 

Employee Benefit Plan Stock Option

21.41

 

 

 

 

 

2/22/96

2/22/05

Common Stock

166,667

 

166,667

D

 

Employee Benefit Plan Stock Option

22.28

 

 

 

 

 

2/22/96

2/22/05

Common Stock

166,667

 

166,667

D

 

Employee Benefit Plan Stock Option

20.9375

 

 

 

 

 

2/13/97

9/15/05

Common Stock

25,000

 

25,000

D

 

Employee Benefit Plan Stock Option

26.0625

 

 

 

 

 

12/13/97

9/15/05

Common Stock

50,000

 

50,000

D

 

Employee Benefit Plan Stock Option

29.0625

 

 

 

 

 

2/25/98

9/15/05

Common Stock

30,000

 

30,000

D

 

Employee Benefit Plan Stock Option

32.25

 

 

 

 

 

12/18/98

9/15/05

Common Stock

25,000

 

25,000

D

 

Employee Benefit Plan Stock Option

15.4375

 

 

 

 

 

3/3/00

9/15/05

Common Stock

39,350

 

39,350

D

 

Employee Benefit Plan Stock Option

20.3750

 

 

 

 

 

12/15/00

9/15/05

Common Stock

65,000

 

65,000

D

 

Employee Benefit Plan Stock Option

26.45

 

 

 

 

 

2/27/03

9/15/05

Common Stock

17,000

 

17,000

D

 

Employee Benefit Plan Stock Option

20.42

 

 

 

 

 

6/17/03

9/15/05

Common Stock

120,000

 

120,000

D

 

Explanation of Responses:

(1) Held in the Company's Employee Stock Ownership Plan. Based on the Employee Stock Ownership Plan Statement of Account as of December 31, 2001.
(2) Includes shares subject to the vesting provisions of the Company's Restricted Stock Plan.
  By: /s/ Lori McGregor
             Attorney-in-fact
**Signature of Reporting Person		 2/7/03
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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