PIXELWORKS, INC — Director's Dealing 2007

Feb 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2007-01-31

Reporting Person: Ardizzone Jerald (VP of World Wide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-31	Common Stock	J	2500	$1.479	Acquired	2500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$2.59	2016-06-26	Common Stock (150000)	150000	Direct

Footnotes

F1: Shares acquired through Employee Stock Purchase Plan.

F2: 25% becomes exerciseable on June 30, 2007, with the remaining 75% becoming exerciseable ratably on a monthly basis for the following 36 months and ending on June 30, 2010.