DIODES INC /DEL/ — Director's Dealing 2006

May 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DIODES INC /DEL/ (DIOD)
CIK: 0000029002
Period of Report: 2006-05-22

Reporting Person: Ho Steven (V.P. of Asia Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-22	Restricted Stock Award (RSA)	A	2500	—	Acquired	18812	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-22	Common Stock (Right to Buy)	$33.39	A	15000	Acquired	2016-05-22	Common Stock (15000)	Direct

Footnotes

F1: Awards vest in 4 equal annual installments beginning 05/22/2007.

F2: Awards granted under Rule 16b-3 Plan.

F3: Options exercisable in 4 equal annual installments beginning 05/22/2007.

F4: Options granted under Rule 16b-3 Plan.