<SEC-DOCUMENT>0000950123-11-028027.txt : 20110323
<SEC-HEADER>0000950123-11-028027.hdr.sgml : 20110323
<ACCEPTANCE-DATETIME>20110323101104
ACCESSION NUMBER:		0000950123-11-028027
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20110323
DATE AS OF CHANGE:		20110323
EFFECTIVENESS DATE:		20110323

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW ELECTRONICS INC
		CENTRAL INDEX KEY:			0000007536
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				111806155
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04482
		FILM NUMBER:		11705336

	BUSINESS ADDRESS:	
		STREET 1:		25 HUB DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5163911300

	MAIL ADDRESS:	
		STREET 1:		50 MARCUS DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>y90455adefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML>
<HEAD>
<TITLE>defa14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
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<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">UNITED STATES</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 14pt">SECURITIES AND EXCHANGE
    COMMISSION</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">Washington, D.C.
    20549</FONT></B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 18pt">SCHEDULE 14A</FONT></B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 12pt">Proxy Statement Pursuant to
    Section 14(a) of the Securities
    </FONT>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 12pt">Exchange Act of 1934 (Amendment
    No.&#160;)
    </FONT>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Filed by the
    Registrant&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;
    </FONT>
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;Filed by a Party other than the
    Registrant&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Check the appropriate box:
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;Preliminary
    Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;<B>Confidential,
    for Use of the Commission Only (as permitted by
    <FONT style="white-space: nowrap">Rule&#160;14a-6(e)(2))</FONT></B>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;Definitive
    Proxy Statement
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;Definitive
    Additional Materials
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;Soliciting
    Material Pursuant to
    <FONT style="white-space: nowrap">&#167;240.14a-12</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ARROW ELECTRONICS, INC
</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Name of Registrant as Specified In Its Charter)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Name of Person(s) Filing Proxy Statement, if other than the
    Registrant)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Payment of Filing Fee (Check the appropriate box):
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>&#160;&#160;
</TD>
    <TD align="left">    No fee required.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">    Fee computed on table below per Exchange Act
    <FONT style="white-space: nowrap">Rules&#160;14a-6(i)(1)</FONT>
    and <FONT style="white-space: nowrap">0-11.</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    Title of each class of securities to which transaction applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    Aggregate number of securities to which transaction applies:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;&#160;
</TD>
    <TD align="left">
    Per unit price or other underlying value of transaction computed
    pursuant to Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11</FONT>
    (set forth the amount on which the filing fee is calculated and
    state how it was determined):
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;&#160;
</TD>
    <TD align="left">
    Proposed maximum aggregate value of transaction:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (5)&#160;&#160;
</TD>
    <TD align="left">
    Total fee paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="4%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;
</TD>
    <TD align="left">
    Fee paid previously with preliminary materials.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>&#160;&#160;</TD>
    <TD align="left">
    Check box if any part of the fee is offset as provided by
    Exchange Act
    <FONT style="white-space: nowrap">Rule&#160;0-11(a)(2)</FONT>
    and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration
    statement number, or the Form or Schedule and the date of its
    filing.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;&#160;
</TD>
    <TD align="left">
    Amount Previously Paid:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;&#160;
</TD>
    <TD align="left">
    Form, Schedule or Registration Statement No.:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;&#160;
</TD>
    <TD align="left">
    Filing Party:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 7%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="5%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (4)&#160;&#160;
</TD>
    <TD align="left">
    Date Filed:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 8pt; margin-left: 6%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->

</div>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Arial,Helvetica,san-serif">


<P><DIV style="position: relative; float: left; width: 4%">

<DIV align="left" style="font-size: 10pt; margin-top: 350pt"><IMG src="y90455ay9045506.gif" alt="(GRAPHIC)">
</DIV>

</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 86%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT face="'Times New Roman',Times,serif"><FONT style="font-size:16pt"><b>*** Exercise Your <i>Right</i> to Vote ***</b></FONT></FONT>
</DIV>


    <DIV align="Center" style="font-size: 12pt; margin-top: 3pt"><FONT style="font-size:12pt">
        <b>Important Notice Regarding the Availability of Proxy Materials for the <br>
      Shareholder Meeting to Be Held on May 02, 2011</b></FONT></DIV>
<P><DIV style="position: relative; float: left; width: 47%">

      <DIV align="center" style="font-size: 10pt; margin-top: 30pt">
<FONT style="font-size:12pt"><I><B>ARROW
        ELECTRONICS, INC.</b></I></FONT> </DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 70pt; margin-left: 1%"><IMG src="y90455ay9045503.gif" alt="(GRAPHIC)">
</DIV>


      <DIV align="left" style="font-size: 6pt; margin-top: 6pt">

          <i>
          ARROW ELECTRONICS, INC.<br>
50 MARCUS DRIVE<br>
MELVILLE, NY 11747
</i>

</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 49%">
<P>



<DIV style="width: 100%; border: 0px solid black; padding: 0px; border-left: 4px solid #7c7676; border-bottom: 2px solid #7c7676">

<DIV style="width: 100%; border: 1px solid black; padding: 3px">

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">

<DIV align="Center" style="font-size: 10pt; margin-top: 3pt"><FONT style="font-size:12pt">
<u><B>Meeting Information</B></u></FONT>

</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt; line-height: 1.5">
<B>Meeting Type: </B>Annual  Meeting<BR>
              <B>For holders as of: </B>March 09, 2011<BR>
              <B>Date: </B>May 02, 2011&nbsp; &nbsp; <B>Time: </B>10:00
              AM MST</DIV>

<DIV align="left" style="margin-top: 1pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Location:</B></TD>
    <TD>&nbsp;</TD>
    <TD>
                    The Brown Palace Hotel <BR>321 17th Street <BR>Denver, Colorado 80202
                    <br>
                    <BR><BR></TD>
</TR>
</TABLE>
</DIV>
</DIV>
</DIV>
</DIV>

<DIV align="justify" style="font-size: 9pt; margin-top: 2pt">You are receiving this communication because you hold shares in the above named company.
</DIV>

<DIV align="justify" style="font-size: 9pt; margin-top: 6pt">This is not a ballot.
You cannot use this notice to vote these shares.  This communication presents only an overview of the more complete proxy materials that are available to you on the Internet.
You may view the proxy materials online at <i>www.proxyvote.com</i> or easily request a paper copy (see reverse side).
</DIV>

<DIV align="justify" style="font-size: 9pt; margin-top: 6pt">We encourage you to access and review all of the
important information contained in the proxy materials
before voting.
</DIV>

<DIV align="justify" style="font-size: 11pt; margin-top: 1pt; margin-left: 0%; background: #000000; color: #ffffff; padding: 5"><B>See the reverse side of this notice to
obtain proxy materials and voting instructions.</B>
</DIV>

<BR clear="all"><BR>
</DIV>

<DIV style="position: relative; float: right; width: 4%">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>
</DIV>
</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>




<DIV style="font-family: Arial,Helvetica,san-serif">

<P><DIV style="position: relative; float: left; width: 4%">

<DIV align="left" style="font-size: 10pt; margin-top: 310pt"><IMG src="y90455ay9045507.gif" alt="(GRAPHIC)">
</DIV>

</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 86%">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT face="'Times New Roman',Times,serif"><FONT style="font-size:17pt"><B>&#151; &nbsp;Before You Vote&nbsp; &#151;</B></FONT></FONT>
</DIV>

<DIV align="center" style="font-size: 10pt"><FONT style="font-size:11pt">How to Access the Proxy Materials</FONT></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 1pt; margin-left: 12px; border-left: 4px solid  #7c7676; border-bottom: 4px solid  #7c7676; padding: 0px">

<DIV style="width: 100%; border: 1px solid black; padding: 5px">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 1%"><B>Proxy Materials Available to VIEW or RECEIVE:</B>

</DIV>

          <DIV align="left" style="font-size: 10pt; margin-top: 1pt; margin-left: 1%">1.&nbsp;Annual
            Report &nbsp;&nbsp;&nbsp; 2.&nbsp;Proxy Statement</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 1pt; margin-left: 1%"><B>How to View Online:</B>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 1pt; margin-left: 1%">
Have the information that is printed in the box marked by the
arrow  <FONT style="font-size:11pt"><b><FONT face="wingdings">&agrave;</FONT></b></font>
<font  style="border: 1px solid #000000">&nbsp;XXXX XXXX XXXX&nbsp;</font> (located on the following page) and visit: <i>www.proxyvote.com</i>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 3pt; margin-left: 1%"><b>How to Request and Receive a PAPER or E-MAIL Copy:</b>

</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 1pt; margin-left: 1%">If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO
charge for requesting a copy. Please choose one of the following methods to make your request:

</DIV>
<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 2pt">
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="69%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1) <I>BY INTERNET</I>:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">www.proxyvote.com</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2) <I>BY TELEPHONE</I>:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1-800-579-1639</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3) <I>BY E-MAIL*</I>:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">sendmaterial@proxyvote.com</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 2pt" align="right">
<TABLE width="99%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" align="justify" colspan="2">*&nbsp;&nbsp;
                If If requesting materials by e-mail, please
                  send a blank e-mail with the information that is printed in
                  the box marked by the arrow <FONT style="font-size:11pt"><b><FONT face="wingdings">&agrave;</FONT></b></font>
<font  style="border: 1px solid #000000">&nbsp;XXXX XXXX XXXX&nbsp;</font> (located on the following
                  page) in the subject line.<br>
                  Requests, instructions and other inquiries sent to this e-mail
                  address will NOT be forwarded to your investment advisor. Please
                  make the request as instructed above on or before April 08,
                  2011 to facilitate timely delivery.<br>
                </TD>
</TR>

</TABLE>
</DIV>
</DIV>

</DIV>

</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><FONT face="'Times New Roman',Times,serif"><FONT style="font-size:17pt"><B>&#151; &nbsp;How To Vote&nbsp; &#151;</B></FONT> </FONT>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 2pt"><FONT style="font-size:11pt">Please Choose One of the Following Voting Methods</FONT>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 0pt; margin-left: 12px; border-left: 4px solid  #7c7676; border-bottom: 4px solid  #7c7676; padding: 0px">


<DIV style="width: 100%; border: 1px solid black; padding: 11px; margin-top: 3pt">



        <DIV align="JUSTIFY" style="font-size: 10pt; margin-top: 3pt">
<B>Vote In Person: </B>
 Many shareholder meetings have attendance requirements including,
            but not limited to, the possession of an attendance ticket issued
            by the entity holding the meeting. Please check the meeting materials
            for any special requirements for meeting attendance. At the meeting,
            you will need to request a ballot to vote these shares.
        </DIV>


        <DIV align="JUSTIFY" style="font-size: 10pt; margin-top: 2pt"><B>Vote
          By Internet: </B>To vote now by Internet, go to <i>www.proxyvote.com</i>. Have
          the information that is printed in the box marked by the
arrow <FONT style="font-size:11pt"><b><FONT face="wingdings">&agrave;</FONT></b></font>
<font  style="border: 1px solid #000000">&nbsp;XXXX XXXX XXXX&nbsp;</font> available and follow the instructions.</DIV>


        <DIV align="JUSTIFY" style="font-size: 10pt; margin-top: 2pt"><B>Vote
          By Mail: </B>You can vote by mail by requesting a paper copy of the
          materials, which will include a proxy card.</DIV>
</DIV>
</DIV>


<DIV style="position: relative; float: right; width: 4%">
</DIV>
</DIV>
<BR clear="all"><BR>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>








<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Arial,Helvetica,san-serif">




<P><DIV style="position: relative; float: left; width: 4%">

<DIV align="left" style="font-size: 10pt; margin-top: 310pt"><IMG src="y90455ay9045508.gif" alt="(GRAPHIC)">
</DIV>

</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 86%">

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="7" valign="top" align="center" style="border: 3px solid #000000"><font face="arial, Helvetica,san-sarif">
        <B>Voting Items</B></font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 0px solid #000000; border-right: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-right: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD colspan="7" valign="top" align="left"><div align="justify"><B>The Board of Directors recommends you vote FOR the following:</B>
 </div>
</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="line-height: 4pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

    <TD colspan="4" align="left" valign="top">


 Election of Directors<BR><B>Nominees:</b></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom" style="font-size: 1pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">01
</DIV></TD>
    <TD align="left" valign="top"  >Daniel W. Duval</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">02</TD>
    <TD align="left" valign="top" NOWRAP>Philip K. Asherman</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">03</TD>
    <TD align="left" valign="top" nowrap>Gail E. Hamilton</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">04</TD>
    <TD align="left" valign="top"  >John N. Hanson</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">05</TD>
    <TD align="left" valign="top"  >Richard S. Hill</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top">06</TD>
    <TD align="left" valign="top" nowrap>M.F. (Fran) Keeth</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">07</TD>
    <TD align="left" valign="top"  >Andrew C. Kerin</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">08</TD>
    <TD align="left" valign="top"  >Michael J. Long</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">09</TD>
    <TD align="left" valign="top"  nowrap>Stephen C. Patrick</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="left" valign="top">10</TD>
    <TD align="left" valign="top"  >Barry W. Perry</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">11
</DIV></TD>
    <TD align="left" valign="top"  >John C. Waddell</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom" style="line-height: 2pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD   align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

</TABLE>
</DIV>



<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>





<TR valign="bottom">
          <td colspan="8"><B>The Board of Directors recommends you vote FOR proposals
            2. and 3.</b> </TD>
</TR>

<TR valign="bottom" style="line-height: 10pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

          <TD nowrap colspan="6" align="justify" valign="top">Ratification of
            the appointment of Ernst &amp; Young LLP as Arrow&#146;s independent registered
            public accounting firm for the fiscal year ending December 31, 2011.</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

          <TD colspan="5" align="justify" valign="top">To approve, by non-binding
            vote, executive compensation.</TD>
</TR>

<TR valign="bottom" style="line-height: 10pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="line-height: 0pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
          <td colspan="8"><B>The Board of Directors recommends you vote for
            3 YEARS on the following proposal:</b> </TD>
</TR>

<TR valign="bottom" style="line-height: 10pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

          <TD nowrap colspan="6" align="justify" valign="top">To recommend, by
            non-binding vote, the frequency of executive compensation votes.</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
          <td colspan="8"><B>NOTE:</b> Such other business as may properly
            come before the meeting or any adjournment thereof.</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 4%">
</DIV>
<BR clear="all"><BR>

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