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RICHARDSON ELECTRONICS, LTD. Director's Dealing 2010

Dec 2, 2010

33958_dirs_2010-12-02_5e7c1153-abd9-4ee1-a466-728414e5333c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RICHARDSON ELECTRONICS LTD/DE (RELL)
CIK: 0000355948
Period of Report: 2010-12-01

Reporting Person: Diddell Wendy (EVP Corporate Development)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-12-01 Common Stock M 6903 $7.24 Acquired 6903 Direct
2010-12-01 Common Stock S 6903 $10.91 Disposed 0 Direct
2010-12-01 Common Stock M 250 $5.67 Acquired 250 Direct
2010-12-01 Common Stock S 250 $10.91 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-12-01 Employee Stock Option (Right to Buy) $7.24 M 6903 Disposed 2017-10-09 Common Stock (6903) Direct
2010-12-01 Employee Stock Option (Rigth to Buy) $5.67 M 250 Disposed 2019-10-13 Common Stock (250) Direct

Footnotes

F1: The exercise and sale reported in the Form 4 were affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: Partial exercise of an employee stock option of which 2,500 shares each vested on October 9, 2008, 2009, and 2010.

F3: Partial exercise of an employee option of which 3,000 shares vested on October 13, 2010.