BENCHMARK ELECTRONICS INC — Director's Dealing 2014

Feb 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BENCHMARK ELECTRONICS INC (BHE)
CIK: 0000863436
Period of Report: 2014-02-13

Reporting Person: Barrow Kenneth S (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-13	Common Stock	A	5832	—	Acquired	39026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-13	Stock Option (right to buy)	$22.99	M	11116	Disposed	2024-02-13	Common Stock (11116)	Direct
2014-02-13	Restricted Stock Unit	$0	A	5832	Acquired		Common Stock (5832)	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) 2,779 shares on February 13, 2015,(ii) 2,779 shares on February 13, 2016, (iii) 2,779 shares on February 13, 2017,and (iii) the remaining 2,779 shares on February 13, 2018.

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 2014 and ending on December 31, 2017)and in no event later than March 15, 2018, the number of restricted stock units that will ultimately be earned will be determined and issued.