BENCHMARK ELECTRONICS INC — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BENCHMARK ELECTRONICS INC (BHE)
CIK: 0000863436
Period of Report: 2019-02-20

Reporting Person: TUFANO PAUL J (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-20	Common stock	A	55369	—	Acquired	143736	Direct
2019-02-20	Common stock	M	49615	—	Acquired	193351	Direct
2019-02-20	Common stock	F	16254	$28.09	Disposed	177097	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-20	Performance-based Restricted Stock Units	$0	A	55370	Acquired		Common Stock (55370)	Direct
2019-02-20	Performan-based Restricted Stock Units	$0	D	7710	Disposed		Common Stock (7710)	Direct
2019-02-20	Performan-based Restricted Stock Units	$0	M	49615	Disposed		Common Stock (49615)	Direct

Footnotes

F1: These shares are represented by a restricted stock unit award bearing the right to receive Common Shares and are scheduled to vest in two equal installments on December 31, 2019 and December 31, 2020.

F2: This reflects the target number of performance-based restricted stock units awarded. Actual awards may vary from as low as zero to as high as 2.5 times the target. As soon as reasonably practicable following the end of the Performance Period (beginning on January 1, 2019 and ending on December 31, 2020) and in no event later than March 15, 2021, the number of shares that may ultimately be earned will be determined and issued.

F3: Based on the Company performance during the two-year performance period ending December 31, 2018, approximately 86.55% of the performance-based restricted stock units vested(as previously disclosed the reporting person had the opportunity to earn up to 250% of the number originally reported).

F4: These shares are being withheld to cover taxes related to the vesting of performance-based restricted stock units.