RICHARDSON ELECTRONICS, LTD. — Director's Dealing 2007

May 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RICHARDSON ELECTRONICS LTD/DE (REL)
CIK: 0000355948
Period of Report: 2007-05-16

Reporting Person: GRILL JOSEPH C (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-16	Common Stock $.05 par value (*)	M	2000	$6.75	Acquired	2000	Direct
2007-05-16	Common Stock $.05 par value (*)	S	2000	$9.30	Disposed	0	Direct
2007-05-16	Common Stock $.05 par value (*)	M	8370	$7.06	Acquired	8370	Direct
2007-05-16	Common Stock $.05 par value (*)	S	8370	$9.30	Disposed	0	Direct
2007-05-16	Common Stock $.05 par value (*)	M	2790	$7.75	Acquired	2790	Direct
2007-05-16	Common Stock $.05 par value (*)	S	2790	$9.30	Disposed	0	Direct
2007-05-16	Common Stock $.05 par value (*)	M	1500	$8.35	Acquired	1500	Direct
2007-05-16	Common Stock $.05 par value(*)	S	1500	$9.30	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-16	Employee Stock Option (Right to Buy)	$6.75	M	2000	Disposed	2009-10-27	Common Stock (2000)	Direct
2007-05-16	Employee Stock Option (Right to Buy)	$7.06	M	8370	Disposed	2011-09-21	Common Stock (8370)	Direct
2007-05-16	Employee Stock Option (Right to Buy)	$7.75	M	2790	Disposed	2014-09-10	Common Stock (2790)	Direct
2007-05-16	Employee Stock Option (Right to Buy)	$8.35	M	1500	Disposed	2015-10-19	Common Stock (1500)	Direct

Footnotes

F1: Option vests 20% per year beginning 10/27/2000.

F2: Option vests 20% per year beginning 9/21/2002.

F3: Option vests 20% per year beginning 9/10/2005.

F4: Option vests 20% per year beginning 10/19/2006.

F5: Does not include 738 shares which are indirectly owned by the reporting person by the ESOP.