PDF SOLUTIONS INC — Director's Dealing 2007

Nov 10, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PDF SOLUTIONS INC (PDFS)
CIK: 0001120914
Period of Report: 2007-11-07

Reporting Person: JOSEPH DAVID (Chief Strategy Officer, Acting President, PDF Japan)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-07	2001 Stock Plan Option (right to buy)	$8.92	A	40000	Acquired	2017-11-06	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	196700	Direct

Footnotes

F1: Includes 1,223 shares of Common Stock that were purchased on June 29, 2007 under the PDFS Employee Stock Purchase Plan.

F2: 12/48ths of the total shares subject to the option (the "Total Shares") vest on November 7, 2008 and 1/48th of the Total Shares vest on the 7th day of each month thereafter, provided that the reporting person remains an employee or consultant of PDFS.