TAITRON COMPONENTS INC — Director's Dealing 2005

Feb 15, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TAITRON COMPONENTS INC (TAIT)
CIK: 0000942126
Period of Report: 2004-12-31

Reporting Person: WANG STEWART (Director, CEO and CFO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-31	Class B Common Stock	J	0	—	Acquired	762612	Direct
2004-12-31	Class A Common Stock	J	0	—	Acquired	2700	Indirect
2004-12-31	Class A Common Stock	J	0	—	Acquired	50958	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-02	Option to purchase - Class A Common Stock	$1.72	A	20000	Acquired	2014-08-02	Class A Common Stock - $0.001 par value (20000)	Direct

Footnotes

F1: For informational purposes only. There has been no transaction during the past year for this reporting person.

F2: Transaction represents shares owned as of December 31, 2004.

F3: Represents option to purchase stock award, vesting in 3 equal annual installments beginning 8/2/05.