PIXELWORKS, INC — Director's Dealing 2006

Dec 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2006-12-04

Reporting Person: Brady Jodie FT (Vice President, Bus Ops)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-04	Incentive Stock Option (right to buy)	$18.188	J	3000	Disposed	2010-06-08	Common Stock (3000)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$2.49	A	42248	Acquired	2013-12-04	Common Stock (42248)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$5.02	J	80000	Disposed	2016-02-15	Common Stock (80000)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$6.46	J	47500	Disposed	2013-07-23	Common Stock (47500)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$8.249	J	13317	Disposed	2012-06-03	Common Stock (13317)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$8.5	J	1375	Disposed	2011-04-02	Common Stock (1375)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$9.28	J	5800	Disposed	2015-02-02	Common Stock (5800)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$14.84	J	10000	Disposed	2014-06-21	Common Stock (10000)	Direct
2006-12-04	Non-Qualified Stock Option (right to buy)	$17.625	J	8000	Disposed	2011-01-05	Common Stock (8000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$2.43	2009-12-08	Common Stock (1500)	1500	Direct

Footnotes

F1: Option grant was voluntarily surrendered pursuant to the option exchange program. All outstanding options thereunder were canceled and a new option was granted in accordance with the terms of the option exchange program.

F2: The options become exercisable on a monthly basis at a rate of 10% in year 1, 20% in year 2, 30% in year 3 and 40% in year 4, which commences on the last day of the month the option is granted.

F3: Options become exercisable over 18 months as follows: 33.3% on June 30, 2007 and 66.7% becoming exercisable at a rate of 5.56% on a monthly basis thereafter over 12 months, or through June 30, 2008.

F4: The options become exercisable on a monthly basis over a 4-year period which commences February 15, 2006, as follows: 10% exercisable as of February 15, 2007, 20% exercisable as of February 15, 2008, 30% as of February 15, 2009 and 40% exercisable as of February 15, 2010.