Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WERTZ CARL C
  2. Issuer Name and Ticker or Trading Symbol
DIODES INC /DEL/ [DIOD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last)
(First)
(Middle)
C/O DIODES INC, 3050 E HILLCREST DR
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2006
(Street)

WESTLAKE, CA 91362
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock 09/15/2006   M(1)   20,250 A $ 3.6978 23,671 D  
Common Stock 09/15/2006   S(2)   20,250 D $ 44.3044 3,421 D  
Common Stock 09/15/2006   M(1)   13,500 A $ 3.7911 16,921 D  
Common Stock 09/15/2006   S(2)   13,500 D $ 44.2962 3,421 D  
Common Stock 09/18/2006   M(1)   6,750 A $ 3.7911 10,171 D  
Common Stock 09/18/2006   S(2)   6,750 D $ 44.75 3,421 D  
Common Stock 09/18/2006   M(1)   10,250 A $ 8.6933 13,671 D  
Common Stock 09/18/2006   S(2)   10,250 D $ 47 3,421 D  
Common Stock 09/18/2006   M(1)   10,000 A $ 8.6933 13,421 D  
Common Stock 09/18/2006   S(2)   10,000 D $ 46 3,421 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock (Right to Buy) $ 3.6978 09/15/2006   M(1)     20,250 07/30/2002(3) 07/30/2011 Common Stock 20,250 (4) 129,375 D  
Common Stock (Right to Buy) $ 3.7911 09/15/2006   M(1)     13,500 06/28/2003(5) 06/28/2012 Common Stock 13,500 (4) 115,875 D  
Common Stock (Right to Buy) $ 3.7911 09/18/2006   M(1)     6,750 06/28/2003(5) 06/28/2012 Common Stock 6,750 (4) 109,125 D  
Common Stock (Right to Buy) $ 8.6933 09/18/2006   M(1)     20,250 08/01/2004(6) 08/01/2013 Common Stock 20,250 (4) 88,875 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WERTZ CARL C
C/O DIODES INC
3050 E HILLCREST DR
WESTLAKE, CA 91362
      Chief Financial Officer  

Signatures

 Carl C. Wertz   09/18/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Exercise pursuant to previously filed 10b5-1 Plan.
(2) Sale pursuant to previously filed 10b5-1 Plan.
(3) Options exercisable in 3 equal annual installments beginning 07/30/2002.
(4) Granted under Rule 16b-3 Plan.
(5) Options exercisable in 3 equal annual installments beginning 06/28/2003.
(6) Options exercisable in 3 equal annual installments beginning 08/01/2004.

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