The following summarizes information about stock  options exercisable at December 31, 2004: 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. 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. Net sales to, and purchases from, LSC were as follows  for years ended December 31: 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. 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. 2002  2003  2004 Net sales   $16,147,000 $14,628,000  $20,675,000 Purchases  14,292,000 18,667,000  22,368,000 Range of Number  Weighted average  exercise prices  exercisable  exercise price ‘93 NQO  $2.67-15.94  630,300  $9.43 ‘93 ISO 2.22-15.94  668,550  $7.53 ‘01 Plan 5.55-13.04  438,350  $8.09 Total $2.22-15.94  1,737,200  $8.36 Note 10 – Related Party Transactions 43