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RICHARDSON ELECTRONICS, LTD. Director's Dealing 2006

Oct 18, 2006

33958_dirs_2006-10-18_8447ea74-74e0-469e-94f0-9e29774df24d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RICHARDSON ELECTRONICS LTD/DE (REL)
CIK: 0000355948
Period of Report: 2006-10-17

Reporting Person: Blaney Lawrence C (VP & General Manager)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-06-02 Common Stock $.05 par value A 1386 $5.96 Acquired 1554 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-10-17 Employee Stock Option (Right to Buy) $8.58 A 10000 Acquired 2016-10-17 Common Stock $.05 pv ps (10000) Direct

Footnotes

F1: Option vests 20% per year, beginning 10/17/2007

F2: Option grant price of $8.58 which is the close price on the date of grant.

F3: Does not include 1,138 shares allocated to the account of the reporting person under the Richardson Electronics, ltd. Employees Stock Ownership Plan and Trust ("ESOP") to which shares beneficial ownership is disclaimed. Includes 84 common shares granted with a vesting on May 31, 2005.

F4: Shares acquired through the Richardson Electronics, Ltd. Employee Stock Purchase Plan, a 423 Stock Purchase Plan, on 6/2/06.