DATA I/O CORP — Director's Dealing 2008

May 7, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DATA I/O CORP (DAIO)
CIK: 0000351998
Period of Report: 2008-05-07

Reporting Person: DILEO DANIEL A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-07	Common Stock	M	7500	$1.251	Acquired	12500	Direct
2008-05-07	Common Stock	F	1684	$5.57	Disposed	10816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-07	Non-Qualified Option (right to buy)	$1.251	M	7500	Disposed	2008-05-15	Non-Qualified Option (right to buy) (7500)	Direct

Footnotes

F1: This option vests quarterly over a three year period