BENCHMARK ELECTRONICS INC — Director's Dealing 2013

Mar 1, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BENCHMARK ELECTRONICS INC (BHE)
CIK: 0000863436
Period of Report: 2013-02-27

Reporting Person: DELLY GAYLA J (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-27	Common Stock	A	33484	—	Acquired	191236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-27	Stock Option (right to buy)	$17.37	M	63492	Disposed	2023-02-27	Common Stock (63492)	Direct
2013-02-27	Restricted Stock Unit	$0	A	33484	Acquired		Common Stock (33484)	Direct

Footnotes

F1: These shares are represented by a restricted stock unit award. All awards represent a contingent right to receive one common share of Benchmark Electronics, Inc. and vest equally in annual installments over a four year period from the grant date.

F2: The options are exercisable as to (i) 15,873 shares on February 27, 2014,(ii) 15,873 shares on February 27, 2015, (iii) 15,873 shares on February 27, 2016,and (iii) the remaining 15,873 shares on February 27, 2017.

F3: This reflects the target number of performance based restricted stock unit awarded. Actual awards may vary from as low as zero to as high as three times target numbers. As soon as reasonable practicable following the end of the Performance Period (beginning on January 1 2013 and ending on December 31, 2016)and in no event later than March 15, 2017, the number of restricted stock units that will ultimately be earned will be determined and issued.