SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

NIGBOR DONALD E

(Last)

(First)

(Middle)

3000 TECHNOLOGY DRIVE

(Street)

ANGLETON

77515

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BENCHMARK ELECTRONICS INC [ BHE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2006		M		29,699	A	$7.9167	58,871	D
Common Stock	05/09/2006		M		43,601	A	$9.1945	102,472	D
Common Stock	05/09/2006		S		73,300⁽⁴⁾	D	$28.168	29,172	D
Common Stock	05/10/2006		M		45,301	A	$9.0089	74,473	D
Common Stock	05/10/2006		M		1,399	A	$9.1945	75,872	D
Common Stock	05/10/2006		S		46,700⁽⁴⁾	D	$27.4723	29,172	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$9.1945	05/09/2006		M			43,601	⁽¹⁾	01/02/2011	Common Stock	43,601	$9.1945	1,399	D
Employee Stock Option (right to buy)	$7.9167	05/09/2006		M			29,699	⁽²⁾	01/11/2010	Common Stock	29,699	$7.9167	0	D
Employee Stock Option (right to buy)	$9.0089	05/10/2006		M			45,301	⁽³⁾	07/24/2011	Common Stock	45,301	$9.0089	22,199	D
Employee Stock Option (right to buy)	$9.1945	05/10/2006		M			1,399	⁽¹⁾	01/02/2011	Common Stock	1,399	$9.1945	0	D

Explanation of Responses:

1. The option became exercisable as to (i) 9,000 shares on January 2, 2003, (ii)13,500 shares on January 2, 2004 and (iii) 22,500 shares on January 2, 2005.

2. The option became exercisable as to (i) 9,000 shares on January 11, 2002, (ii)13,500 shares on January 11, 2003 and (iii) 22,499 shares on January 11, 2004.

3. The option became exercisable as to (i) 13,500 shares on July 24, 2003, (ii)20,250 shares on July 24, 2004, and (iii)33,750 shares on July 24, 2005.

4. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 9, 2006.

	Donald E. Nigbor	05/10/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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