Netlist, Inc. — Director's Dealing 2006

Nov 29, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NETLIST INC (NLST)
CIK: 0001282631
Period of Report: 2006-11-29

Reporting Person: Hong Chun K (Director, President, CEO and Chairman, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000000	Direct
Common Stock	3000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$7.00	2016-08-07	Common Stock (500000)		Direct

Footnotes

F1: The option vests in sixteen quarterly installments. The first such installment of 31,250 shares vested on November 7, 2006