<PAGE>
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 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.
<PAGE>
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.
<TABLE>
<CAPTION>
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
---- --------------- ----------- ------------- -------
<S> <C> <C> <C> <C>
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
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.... 18,250,000 18,250,000 0 140,627
Black Diamond Offshore,
Ltd........................ 965,000 965,000 0 7,435
Blue Cross Blue Shield of
Florida.................... 1,500,000 1,500,000 0 11,558
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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
---- --------------- ----------- ------------- -------
<S> <C> <C> <C> <C>
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
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....... 4,500,000 4,500,000 0 34,675
Conseco Fund Group--
Convertible Securities
Fund........................ 1,000,000 1,000,000 0 7,705
Cornell University
Endowment................... 400,000 400,000 0 3,082
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............... 3,849,000 3,849,000 0 29,658
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
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
Franklin and Marshall
College..................... 420,000 420,000 0 3,236
FreeState Health Plan, Inc... 45,000 45,000 0 346
Goldman Sachs and Company.... 13,250,000 13,250,000 0 102,099
Granville Capital
Corporation................. 77,315,000 77,315,000 0 595,758
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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
---- --------------- ----------- ------------- -------
<S> <C> <C> <C> <C>
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
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
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
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
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
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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
---- --------------- ----------- ------------- -------
<S> <C> <C> <C> <C>
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
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................. 55,000,000 55,000,000 0 423,808
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
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
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(3) 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
OHIC Insurance Company....... 600,000 600,000 0 4,623
Oppenheimer Convertible
Securities Fund............. 12,000,000 12,000,000 0 92,467
Paloma Securities L.L.C. .... 3,500,000 3,500,000 11,800 26,969
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
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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
---- --------------- ----------- ------------- ---------
<S> <C> <C> <C> <C>
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
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
Reliant Energy Retirement
Plan.................... 150,000 150,000 0 1,155
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.................... 17,500,000 17,500,000 0 134,848
Salomon Brothers Asset
Management, Inc. ....... 4,550,000 4,550,000 0 35,060
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
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
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
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
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(4) 62,415
The Whitaker Foundation.. 150,000 150,000 0 1,155
White River Securities,
L.L.C................... 18,250,000 18,250,000 0 140,627
Worldwide Transactions,
Ltd..................... 186,000 186,000 0 1,433
Zeneca AG Products,
Inc..................... 221,000 221,000 0 1,702
Zeneca Holdings Trust.... 940,000 940,000 0 7,243
Unknown (5).............. 150,035,000 150,035,000 -- 1,156,786
</TABLE>
<PAGE>
--------
(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) 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.
(4) All of these shares of common stock are held by entities affiliated with
Van Kampen Harbor Fund.
(5) The name "Unknown" represents the remaining selling securityholders. We are
unable to provide the names of these securityholders because certain of
these notes are currently evidenced by a global note which has been
deposited with DTC and registered in the name of Cede & Co. as DTC's
nominee.
The date of this Prospectus Supplement is December 21, 2000.
