COHU INC — Director's Dealing 2007

May 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COHU INC (COHU)
CIK: 0000021535
Period of Report: 2007-05-03

Reporting Person: DONAHUE JAMES A (President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-03	Common Stock	M	20000	$13.50	Acquired	88600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-03	Employee Stock Option (Right to Buy)	$13.50	M	20000	Disposed	2007-05-06	Common Stock (20000)	Direct

Footnotes

F1: The option vested in four equal installments on May 6, 1998-2001.

F2: The options were granted on May 6, 1997 with a ten-year term and were due to expire on May 6, 2007 if not exercised.