Sec Form 4 Filing - LONG MICHAEL J @ ARROW ELECTRONICS INC - 2021-02-17

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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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1. Name and Address of Reporting Person
LONG MICHAEL J
2. Issuer Name and Ticker or Trading Symbol
ARROW ELECTRONICS INC [ ARW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman, President & CEO
(Last) (First) (Middle)
C/O ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/17/2021
(Street)
CENTENNIAL, CO80112
4. If Amendment, Date Original Filed (MM/DD/YY)
6. 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. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 02/17/2021 A 28,166 A $ 106.51 171,642 D
Common Stock 02/18/2021 M 68,734 A $ 62.13 240,376 D
Common Stock 02/18/2021 S 68,734 D $ 103.34 ( 2 ) 171,642 D
Common Stock 02/18/2021 M 28,515 A $ 73.86 200,157 D
Common Stock 02/18/2021 S 28,515 D $ 103.34 ( 2 ) 171,642 D
Common Stock 02/18/2021 A 41,367 A $ 0 213,009 D
Common Stock 02/18/2021 F 17,007 D $ 103.34 196,002 D
Common Stock 3,089.528 I Held In The Employee's 401-k Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 62.13 02/18/2021 M 68,734 02/17/2016 02/16/2025 Common Stock 68,734 $ 0 0 D
Employee Stock Option (Right to Buy) $ 73.86 02/18/2021 M 28,515 02/21/2018 02/19/2027 Common Stock 28,515 $ 0 46,466 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LONG MICHAEL J
C/O ARROW ELECTRONICS, INC.
9201 EAST DRY CREEK ROAD
CENTENNIAL, CO80112
X Chairman, President & CEO
Signatures
/s/ Gabriela S. Munoz, Attorney-in-Fact 02/19/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This award is contingent upon the Company achieving a net income, as adjusted, of greater than zero in the fiscal year of the grant. As a result, it is subject to forfeiture if the Company does not meet that net income amount.
( 2 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $102.89 - $103.85, inclusive. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

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).

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