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The following summarizes information about stock options exercisable at December 31, 2004: 

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Stock Bonus Plan – The Company also maintains an incentive stock bonus plan, which reserves shares of stock for issuance to key employees. As of December 31, 2004, there were 279,000 shares available for issu- ance under this plan. No shares were issued under this incentive bonus plan for years ended December 31, 2002 through 2004. 

## Note 10 – Related Party Transactions 

Lite-On Semiconductor Corporation (LSC) – In July 1997, Vishay Intertechnology, Inc. (Vishay) and the Lite-On Group, a Taiwanese consortium, formed a joint venture – Vishay/Lite-On Power Semiconductor Pte., LTD. (Vishay/LPSC) – to acquire Lite-On Power Semiconductor Corp. (LPSC), a then 37% shareholder of the Company and a member of the Lite-On Group of the Republic of China. The Lite-On Group is a lead- ing manufacturer of power semiconductors, computer peripherals, and communication products. 

In March 2001, Vishay agreed to sell its 65% interest in the Vishay/LPSC joint venture to the Lite-On Group, the 35% joint venture partner. Because of this transac- tion, the Lite-On Group, through LPSC, its wholly- owned subsidiary, indirectly owned approximately 37% of the Company’s common stock. In December 2001, LPSC merged with Dyna Image Corporation of Taipei, Taiwan. Dyna Image is the world’s largest manufacturer of Contact Image Sensors (CIS), which are used in fax machines, scanners, and copy machines. The combined company is called Lite-On Semiconductor Corporation (LSC). At December 31, 2004, LSC owned approximately 32.5% of the Company’s common stock. The Company considers its relationship with LSC to be mutually ben- eficial and the Company and LSC plans to continue its strategic alliance as it has since 1991. 

The Company also leases warehouse space from LSC for its operations in Hong Kong. Such transactions are on terms no less favorable to the Company than could be obtained from unaffiliated third parties. As required by Nasdaq, the Audit Committee of the Board of Directors has approved the contracts associated with the related party transactions. The Company buys product from, and sells products to, LSC. 

Net sales to, and purchases from, LSC were as follows for years ended December 31: 

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