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: LU KEH SHEW (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-23	Common Stock	P	30000	$34.7785	Acquired	330000	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	78750	Acquired	2016-05-22	Common Stock (78750)	Direct

Footnotes

F1: Options exercisable in 4 equal annual installments beginning 05/22/2007.

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