Prospectus Supplement Filed pursuant to Rule 424(b)(3) (To Prospectus Dated December 13, 2000) Registration No. 333-48928 ANALOG DEVICES, INC. ------------------------- 1,200,000,000 PRINCIPAL AMOUNT OF 4.75% CONVERTIBLE SUBORDINATED NOTES DUE 2005 ------------------------- 9,246,720 Shares of Common Stock $0.16 2/3 par value per share The information in this prospectus supplement concerning the selling securityholders supplements the statements set forth under the caption "Selling Securityholders" in the prospectus. Capitalized items used and not defined in this prospectus supplement shall have the meanings given to them in the prospectus. The information set forth under the caption "Selling Securityholders" in the prospectus is supplemented as follows: SELLING SECURITYHOLDERS We originally sold the notes on October 2, 2000 to Goldman, Sachs & Co., SG Cowen Securities Corporation and Salomon Smith Barney Inc. The initial purchasers of the notes have advised us that the notes were resold in transactions exempt from the registration requirements of the Securities Act to "qualified institutional buyers", as defined in Rule 144A of the Securities Act. These subsequent purchasers, or their transferees, pledgees, donees or successors, may from time to time offer and sell any or all of the notes and/or shares of the common stock issuable upon conversion of the notes pursuant to this prospectus. The notes and the shares of common stock issuable upon conversion of the notes have been registered in accordance with the registration rights agreement. Pursuant to the registration rights agreement, we are required to file a registration statement with regard to the notes and the shares of our common stock issuable upon conversion of the notes and to keep the registration statement effective until the earlier of: (1) the sale of all the securities registered under the registration rights agreement; (2) the expiration of the holding period applicable to these securities under Rule 144(k) under the Securities Act with respect to persons who are not our affiliates; and (3) two years from the date the registration statement is declared effective. The selling securityholders may choose to sell notes and/or the shares of common stock issuable upon conversion of the notes from time to time. See "Plan of Distribution". The following table sets forth: (1) the name of each selling securityholder who has provided us with notice as of the date of this prospectus supplement pursuant to the registration rights agreement of their intent to sell or otherwise dispose of notes and/or shares of common stock issuable upon conversion of the notes pursuant to the registration statement, (2) the principal amount of notes and the number of shares of our common stock issuable upon conversion of the notes which they may sell from time to time pursuant to the registration statement, and (3) the amount of outstanding notes and our common stock beneficially owned by the selling securityholder prior to the offering, assuming no conversion of the notes. To our knowledge, no selling securityholder nor any of its affiliates has held any position or office with, been employed by or otherwise has had any material relationship with us or our affiliates during the three years prior to the date of this prospectus. A selling securityholder may offer all or some portion of the notes and shares of the common stock issuable upon conversion of the notes. Accordingly, no estimate can be given as to the amount or percentage of notes or our common stock that will be held by the selling securityholders upon termination of sales pursuant to this prospectus. In addition, the selling securityholders identified below may have sold, transferred or disposed of all or a portion of their notes since the date on which they provided the information regarding their holdings in transactions exempt from the registration requirements of the Securities Act. The information contained under the column heading "Shares That May be Sold" assumes conversion of the full amount of the notes held by the holder at the initial rate of 7.7056 shares of common stock per each $1,000 principal amount of notes. 2
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Be Name Before Offering May Be Sold Offering Sold ---- --------------- ----------- ------------- ------- ABN AMRO Incorporated....... $5,500,000 $5,500,000 0 42,380 AIG/National Union Fire Insurance.................. 1,030,000 1,030,000 0 7,936 Allstate Insurance Company(1)................. 5,100,000 5,100,000 276,100(2) 39,298 Allstate Life Insurance Company(1)................. 13,100,000 13,100,000 276,100(2) 100,943 Aloha Airlines Non-Pilots Pension Trust.............. 135,000 135,000 0 1,040 Aloha Pilots Retirement Trust...................... 75,000 75,000 0 577 Alpha US Sub Fund VIII, LLC........................ 1,200,000 1,200,000 0 9,246 Amaranth Securities L.L.C... 11,500,000 11,500,000 0 88,614 American Century Equity Income Fund................ 3,200,000 3,200,000 0 24,657 American Fidelity Assurance Company.................... 125,000 125,000 0 963 American Stores Company..... 250,000 250,000 0 1,926 Amerisure Companies/Michigan Mutual Insurance Company... 375,000 375,000 0 2,889 Annuity Board of the Southern Baptist Convention................. 250,000 250,000 0 1,926 Arbitex Master Fund, L.P.... 14,000,000 14,000,000 0 107,878 Argent Classic Convertible Arbitrage Fund (Bermuda) L.P. ...................... 38,000,000 38,000,000 0 292,812 Argent Classic Convertible Arbitrage Fund L.P......... 20,000,000 20,000,000 0 154,112 Argent Convertible Arbitrage Fund Ltd................... 7,000,000 7,000,000 0 53,939 Arkansas PERS............... 2,950,000 2,950,000 0 22,731 Arlington County Employees' Supplemental Retirement System..................... 125,000 125,000 0 963 Arpeggio Fund, LP........... 3,800,000 3,800,000 0 29,281 Associated Electric & Gas Services Limited........... 1,500,000 1,500,000 0 11,558 BBT Fund, L.P............... 15,000,000 15,000,000 0 115,584 Banc of America Securities LLC........................ 750,000 750,000 0 5,779 Bancroft Convertible Fund, Inc........................ 1,000,000 1,000,000 0 7,705 Bankers Life Insurance Company of New York........ 145,000 145,000 0 1,117 Bankers Trust Company as Trustee for DaimlerChrysler Corp. EMP #1 Pension Plan DTD 4/1/89................. 6,355,000 6,355,000 0 48,969 Bay County PERS............. 235,000 235,000 0 1,810 Bear, Stearns & Co., Inc.... 20,000,000 20,000,000 0 154,112 Black Diamond Offshore, Ltd........................ 3,272,000 3,272,000 0 25,212 Blue Cross Blue Shield of Florida.................... 1,500,000 1,500,000 0 11,558 3
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Be Name Before Offering May Be Sold Offering Sold ---- --------------- ----------- ------------- ------- Boston Medical Center....... 100,000 100,000 0 770 C & H Sugar Company, Inc. .. 200,000 200,000 0 1,541 California State Automobile Association Inter- Insurance.................. 1,400,000 1,400,000 0 10,787 CALAMOS Convertible Technology Fund - CALAMOS Investment Trust........... 50,000 50,000 0 385 CFFX, LLC................... 4,500,000(3) 2,000,000 0 15,411 CGU Life Insurance Company of America................. 1,500,000 1,500,000 0 11,558 CIBC World Markets International Arbitrage Corp....................... 20,000,000 20,000,000 0 154,112 CPA II...................... 350,000 350,000 0 2,696 CWA/ITU Negotiated Pension Plan....................... 350,000 350,000 0 2,696 CapitalCare, Inc............ 40,000 40,000 0 308 CareFirst of Maryland, Inc........................ 175,000 175,000 0 1,348 Chase Manhattan International.............. 22,500,000 22,500,000 0 173,376 Christiana Care Health Services................... 175,000 175,000 0 1,348 Christiana Care Health Services Retirement Trust.. 125,000 125,000 0 963 Christiana Care Health Services Self Insurance Reserve Fund............... 175,000 175,000 0 1,348 City of Birmingham Retirement & Relief System..................... 1,015,000 1,015,000 0 7,821 City of New Bedford Retirement System.......... 100,000 100,000 0 770 City of Worcester Retirement System..................... 150,000 150,000 0 1,155 Clinton Riverside Convertible Portfolio Limited.................... 4,000,000 4,000,000 0 30,822 Conseco Annuity Assurance Company-Multi-Bucket Annuity Convertible Bond Fund....................... 6,500,000 6,500,000 0 50,086 Conseco Fund Group-- Convertible Securities Fund....................... 1,500,000 1,500,000 0 11,558 Cornell University Endowment.................. 400,000 400,000 0 3,082 Credit Suisse First Boston Corporation................ 19,315,000 19,315,000 0 148,833 Curtiss-Wright Retirement Plan....................... 100,000 100,000 0 770 D.E. Shaw Investments, L.P........................ 2,200,000 2,200,000 0 16,952 D.E. Shaw Valence, L.P...... 8,800,000 8,800,000 0 67,809 Delaware PERS............... 2,655,000 2,655,000 0 20,458 Deephaven Domestic Convertible Trading Ltd.... 30,000,000 30,000,000 0 231,168 Deutsche Bank Securities Inc........................ 125,500,000 125,500,000 0 967,052 Double Black Diamond Offshore, LDC.............. 13,526,000 13,526,000 0 104,225 Dow Corning Retirement Plan....................... 400,000 400,000 0 3,082 El Paso County Retirement Plan....................... 125,000 125,000 0 963 El Pomar Foundation......... 250,000 250,000 0 1,926 Elf Aquitaine............... 325,000 325,000 0 2,504 Ellsworth Convertible Growth and Income Fund, Inc....... 1,000,000 1,000,000 0 7,705 Ensign Peak Advisors........ 425,000 425,000 0 3,274 Entergy Services, Inc....... 125,000 125,000 0 963 F.R. Convertible Securities Fund....................... 120,000 120,000 0 924 Fairfax County.............. 250,000 250,000 0 1,926 Firemen's Annuity & Benefit Fund of Chicago............ 200,000 200,000 0 1,541 First Republic Bank......... 115,000 115,000 0 886 4
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Name Before Offering May Be Sold Offering Be Sold ---- --------------- ----------- ------------- ------- Forest Alternative Strategies Fund II LP ASM....................... 100,000 100,000 0 770 Forest Fulcrum Fund L.P.... 1,250,000 1,250,000 0 9,632 Forest Global Convertible Fund A-5.................. 5,400,000 5,400,000 0 41,610 Franklin and Marshall College................... 420,000 420,000 0 3,236 FreeState Health Plan, Inc....................... 45,000 45,000 0 346 Goldman, Sachs & Co........ 34,640,000(4) 24,640,000 0 189,865 Granville Capital Corporation............... 77,315,000 77,315,000 0 595,758 Great-West Life & Annuity Insurance Company......... 10,000,000 10,000,000 0 77,056 Group Hospitalization and Medical Services, Inc. ... 200,000 200,000 0 1,541 Gryphon Domestic III, LLC.. 10,900,000 10,900,000 0 83,991 Hawaiian Airlines Pension Plan for Salaried Employees................. 15,000 15,000 0 115 Hawaiian Airlines Pilots Retirement Plan........... 120,000 120,000 0 924 Hawaiian Airlines Employees Pension Plan--IAM......... 60,000 60,000 0 462 Healthcare Underwriters Mutual Insurance Company.. 800,000 800,000 0 6,164 Highbridge International LLC....................... 36,500,000 36,500,000 0 281,254 IBM Pension Plan........... 1,450,000 1,450,000 0 11,173 ICI American Holdings Trust..................... 1,235,000 1,235,000 0 9,516 IL Annuity & Insurance Company................... 61,000,000 61,000,000 0 470,041 Investcorp-SAM Fund Limited................... 11,600,000 11,600,000 0 89,384 Island Holdings............ 60,000 60,000 0 462 Island Insurance Convertible Account....... 225,000 225,000 0 1,733 JMG Capital Partners, LP... 18,500,000 18,500,000 0 142,553 JMG Triton Offshore Fund, Ltd....................... 1,500,000 1,500,000 0 11,558 J.P. Morgan Securities, Inc....................... 30,219,000 30,219,000 0 232,855 Julius Baer Securities, Inc....................... 1,370,000 1,370,000 0 10,556 KBC Financial Products, Inc....................... 8,000,000 8,000,000 0 61,644 Kentfield Trading, Ltd..... 6,660,000 6,660,000 0 51,319 Kerr-McGee Corporation..... 925,000 925,000 0 7,127 Key Asset Management, Inc. as Agent for Aerojet Inc. Foundation................ 60,000 60,000 0 462 Key Asset Management, Inc. as Agent for the Charitable Convertible Securities Fund........... 1,650,000 1,650,000 0 12,714 Key Asset Management, Inc. as Agent for the Charitable Income Fund.... 265,000 265,000 0 2,041 Key Asset Management, Inc. as Agent for the EB Convertible Securities Fund...................... 1,650,000 1,650,000 0 12,714 Key Asset Management, Inc. as Agent for the Field Foundation of Illinois.... 75,000 75,000 0 577 Key Asset Management, Inc. as Agent for the Key Trust Convertible Securities Fund...................... 300,000 300,000 0 2,311 Key Asset Management, Inc. as Agent for the Key Trust Fixed Income Fund......... 415,000 415,000 0 3,197 Key Asset Management, Inc. as Agent for the Omnova Solutions................. 110,000 110,000 0 847 Key Asset Management, Inc. as Agent for the Parker Key/Convertible Fund...... 370,000 370,000 0 2,851 Key Asset Management, Inc. as Agent for Union Security Life Insurance Company................... 50,000 50,000 0 385 5
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Name Before Offering May Be Sold Offering Be Sold ---- --------------- ----------- ------------- ------- Key Asset Management, Inc. as Agent for Victory Convertible Securities Fund....................... 1,400,000 1,400,000 0 10,787 Key Asset Management, Inc. as Agent for Victory Invest Quality Bond Fund.......... 170,000 170,000 0 1,309 Key Asset Management, Inc. as Investment Manager for the California State Automobile Inter- Insurance.................. 530,000 530,000 0 4,083 Key Asset Management, Inc. as Investment Manager for California State Automobile Retirement Pension......... 110,000 110,000 0 847 Key Asset Management, Inc. as Investment Manager for the Health Foundation of Greater Cincinnati......... 235,000 235,000 0 1,810 Key Asset Management, Inc. as Investment Manager for the JCPenney Life Insurance Company.................... 1,000,000 1,000,000 0 7,705 Key Asset Management, Inc. as Investment Manager for the Potlatch-First Trust Company of St. Paul........ 1,050,000 1,050,000 0 8,090 Key Asset Management, Inc. as Investment Manager for the Standard Insurance Company.................... 640,000 640,000 0 4,931 Key Asset Management, Inc. as Investment Manager for the University of South Florida Foundation......... 170,000 170,000 0 1,309 LLT Limited................. 250,000 250,000 0 1,926 Lehman Brothers, Inc........ 19,500,000 19,500,000 0 150,259 Lipper Convertibles, L.P.... 11,500,000 11,500,000 0 88,614 Lipper Convertibles Series II, L.P.................... 2,000,000 2,000,000 0 15,411 Lipper Offshore Convertibles, L.P.......... 1,500,000 1,500,000 0 11,558 Loomis Sayles Bond Fund..... 1,000,000 1,000,000 0 7,705 Lucent Technologies Master Pension Trust.............. 550,000 550,000 0 4,238 Lutheran Brotherhood........ 6,000,000 6,000,000 13,430 46,233 Lydian Overseas Partners Master Fund................ 68,500,000 68,500,000 0 527,833 Lyxor Master Fund c/o Forest Investment Management, L.L.C...................... 2,000,000 2,000,000 0 15,411 MAG Mutual Insurance Company.................... 300,000 300,000 0 2,311 MFS Total Return Fund....... 1,160,000 1,160,000 0 8,938 Maine State Retirement System..................... 600,000 600,000 0 4,623 Maxim Corporate Bond Fund... 750,000 750,000 0 5,779 McMahan Securities Co. L.P........................ 162,000 162,000 0 1,248 Medical Liability Mutual Insurance Company.......... 27,500,000 27,500,000 15,500 211,904 Merrill Lynch Pierce Fenner & Smith, Inc............... 4,615,000 4,615,000 0 35,561 MetLife Separate Account 235........................ 500,000 500,000 0 3,852 Morgan Stanley & Co......... 8,428,000 8,428,000 0 64,942 Morgan Stanley Dean Witter Convertible Securities Trust........... 3,500,000 3,500,000 0 26,969 Museum of Fine Arts, Boston..................... 44,000 44,000 0 339 Nalco Chemical Company...... 390,000 390,000 0 3,005 Nashville Electric Service.. 250,000 250,000 0 1,926 NCMIC Insurance Company..... 300,000 300,000 1,500 2,311 New York Life Insurance Company.................... 5,500,000 5,500,000 0 42,380 New York State Electric & Gas Corp. Retirement Benefit Plan............... 550,000 550,000 0 4,238 Nike, Inc. Profit Sharing Plan....................... 50,000 50,000 0 385 NORCAL Mutual Insurance Company.................... 225,000 225,000 0 1,733 Northern Income Equity Fund....................... 2,000,000 2,000,000 0 15,411 The Northwestern Mutual Life Insurance Company.......... 16,500,000 16,500,000 111,600(5) 127,142 Nstar (Boston Edison) Union Medical VEBA............... 100,000 100,000 0 770 Nuclear Electric Insurance Ltd........................ 775,000 775,000 0 5,971 6
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Name Before Offering May Be Sold Offering Be Sold ---- --------------- ----------- ------------- ------- OHIC Insurance Company...... 600,000 600,000 0 4,623 Oppenheimer Convertible Securities Fund............ 12,000,000 12,000,000 0 92,467 Oxford, Lord Abbett & Co.... 2,200,000 2,200,000 0 16,952 Paloma Securities L.L.C. ... 3,500,000 3,500,000 11,800 26,969 Parker-Hannifin Corporation................ 81,000 81,000 0 624 Pell Rudman Trust Company... 4,335,000 4,335,000 534,052 33,403 Penn Treaty Network America Insurance Company.......... 515,000 515,000 0 3,968 Pension Reserves Investment Trust...................... 800,000 800,000 0 6,164 Peoples Benefit Life Insurance Company (Teamsters Separate Account)................... 5,000,000 5,000,000 0 38,528 Physicians' Reciprocal Insurers Account #7........ 1,000,000 1,000,000 0 7,705 PIMCO Convertible Fund...... 3,200,000 3,200,000 0 24,657 PRIM Board.................. 4,500,000 4,500,000 0 34,675 Primerica Life Insurance Company.................... 2,226,000 2,226,000 0 17,152 ProMutual................... 162,000 162,000 0 1,248 Putnam Asset Allocation Funds--Balanced Portfolio.. 332,000 332,000 0 2,558 Putnam Asset Allocation Funds--Conservative Portfolio.................. 199,000 199,000 0 1,533 Putnam Convertible Opportunities and Income Trust...................... 109,000 109,000 0 839 Quattro Fund, LLC .......... 3,000,000 3,000,000 0 23,116 Queen's Health Plan......... 45,000 45,000 0 346 RET Pension Plan of the California State Automobile Association................ 400,000 400,000 0 3,082 Radian Guaranty, Inc........ 1,300,000 1,300,000 0 10,017 Reliant Energy Retirement Plan....................... 150,000 150,000 0 1,155 Rhapsody Fund, LP........... 13,000,000 13,000,000 0 100,172 Robertson Stephens.......... 14,800,000 14,800,000 0 114,042 Rohm & Haas Company Pension Fund....................... 100,000 100,000 0 770 SG Cowen Securities Corp.... 18,500,000 18,500,000 0 142,553 Salomon Brothers Asset Management, Inc. .......... 4,550,000 4,550,000 0 35,060 Salomon Smith Barney Inc.... 2,000,000 2,000,000 0 15,411 Southern Farm Bureau Life Insurance.................. 1,530,000 1,530,000 0 11,789 St. Albans Partners Ltd..... 5,000,000 5,000,000 0 38,528 St. Thomas Trading, Ltd. ... 40,000 40,000 0 308 Starvest Combined Portfolio.................. 1,260,000 1,260,000 0 9,709 Starvest Managed Portfolio.. 140,000 140,000 0 1,078 State of Oregon/Equity...... 7,450,000 7,450,000 0 57,406 State of Oregon/SAIF Corporation................ 5,350,000 5,350,000 0 41,224 State Street Bank as Custodian for GE Pension Trust...................... 3,135,000 3,135,000 0 24,157 Sun America Style Select Series Equity Income....... 450,000 450,000 0 3,467 Target Corporation.......... 350,000 350,000 0 2,696 Thomas Weisel Partners LLC.. 24,275,000 24,275,000 94,200 187,053 Toronto Dominion (New York), Inc........................ 39,000,000 39,000,000 0 300,518 Transamerica Life Insurance and Annuity Company........ 4,000,000 4,000,000 0 30,822 The Travelers Indemnity Company.................... 7,223,000 7,223,000 0 55,657 The Travelers Insurance Company--Life.............. 3,772,000 3,772,000 0 29,065 The Travelers Insurance Company Separate Account TLAC....................... 428,000 428,000 0 3,297 - -------- (1) Allstate Life Insurance Company is a subsidiary of Allstate Insurance Company. (2) Includes 169,500 shares of common stock held by Allstate Insurance Company, 14,100 shares of common stock held by Allstate Life Insurance Company, and 92,500 shares of common stock held by affiliates of Allstate Insurance Company and Allstate Life Insurance Company. (3) Includes $2,500,000 principal amount of registered notes that CFFX, LLC has purchased on the open market. These notes are not being offered by this prospectus. (4) Includes $10,000,000 principal amount of registered notes that Goldman, Sachs & Co. has purchased on the open market. These notes are not being offered by this prospectus. (5) The Northwestern Mutual Life Insurance Company is the indirect beneficial owner with shared investment and voting power of these shares of common stock, which are currently held by affiliated entities. (6) All of these shares of common stock are held by entities affiliated with Van Kampen Harbor Fund. The date of this Prospectus Supplement is January 18, 2001. 7
Shares Of Shares Amount Of Amount Of Common Stock That Notes Owned Notes That Owned Before May Name Before Offering May Be Sold Offering Be Sold ---- --------------- ----------- ------------- ------- The Travelers Life and Annuity Company........... 451,000 451,000 0 3,475 Travelers Series Convertible Bond Portfolio................. 600,000 600,000 0 4,623 Travelers Series Managed Assets Trust.............. 300,000 300,000 0 2,311 UBFAM Arbitrage Fund Ltd. .......................... 1,000,000 1,000,000 0 7,705 UBS AG, London Branch...... 27,500,000 27,500,000 0 211,904 U.S. Olympic Foundation.... 200,000 200,000 0 1,541 United Food and Commercial Workers Tri-State Pension Fund...................... 150,000 150,000 0 1,155 United Healthcare Insurance Company................... 2,000,000 2,000,000 0 15,411 University of Rochester.... 41,000 41,000 0 315 The Virginia Insurance Reciprocal................ 500,000 500,000 0 3,852 Value Line Convertible Fund, Inc................. 1,000,000 1,000,000 0 7,705 Van Kampen Harbor Fund..... 8,100,000 8,100,000 5,003,250(6) 62,415 The Whitaker Foundation.... 150,000 150,000 0 1,155 White River Securities, L.L.C..................... 20,000,000 20,000,000 0 154,112 Worldwide Transactions, Ltd....................... 702,000 702,000 0 5,409 Zeneca AG Products, Inc.... 221,000 221,000 0 1,702 Zeneca Holdings Trust...... 940,000 940,000 0 7,243