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ALPHA & OMEGA SEMICONDUCTOR Ltd Director's Dealing 2012

May 1, 2012

32375_dirs_2012-04-30_37310d14-c91d-4b9d-828f-35847cf978b3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALPHA & OMEGA SEMICONDUCTOR Ltd (AOSL)
CIK: 0001387467
Period of Report: 2012-04-26

Reporting Person: Ho Yueh-Se (Director, Chief Operating Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-04-26 Common Shares A 4533 Acquired 286458 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-04-26 Employee Share Option (right to buy) $9.9 A 20400 Acquired 2022-04-25 Common Share (20400) Direct

Footnotes

F1: Represents shares of the Issuer's common shares underlying restricted stock units (RSUs) awarded to the Reporting Person. The RSUs will vest in a series of forty-eight (48) successive equal monthly installments measured from April 26, 2012, provided the Reporting Person remains in the Issuer's service through each such date.

F2: The option will vest and become exercisable for the underlying common shares in a series of forty-eight (48) successive equal monthly installments measured from April 26, 2012, provided the Reporting Person remains in the Issuer's service through each such date.