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PIXELWORKS, INC Director's Dealing 2008

May 22, 2008

34550_dirs_2008-05-22_154f3763-cdb5-4d80-a140-784854d89b67.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2008-05-20

Reporting Person: GIBSON C SCOTT (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-20 Non-Qualified Stock Option (right to buy) $0.81 A 10000 Acquired 2018-05-20 Common Stock (10000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 15000 Direct
Common Stock 13000 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-Qualified Stock Option (right to buy) $1.38 2017-05-22 Common Stock (10000) 10000 Direct
Non-Qualified Stock Option (right to buy) $3 2016-05-23 Common Stock (10000) 10000 Direct
Non-Qualified Stock Option (right to buy) $7 2013-05-23 Common Stock (17500) 17500 Direct
Non-Qualified Stock Option (right to buy) $8.43 2015-05-24 Common Stock (10000) 10000 Direct
Non-Qualified Stock Option (right to buy) $9.52 2012-05-06 Common Stock (32656) 32656 Direct
Non-Qualified Stock Option (right to buy) $17.44 2014-05-25 Common Stock (22500) 22500 Direct

Footnotes

F1: 25% vest on the last day of the month of the first anniversary of the date of grant, with the remaining 75% vesting ratably on a monthly basis thereafter over three years.

F2: The options become exercisable over a 4-year period, as follows: 5,625 shares exercisable as of May 23, 2004, 468.75 shares exercisable every month thereafter for 36 months.

F3: The option becomes exercisable over a 4-year period which commenced on May 24, 2005, as follows: 2,500 shares exercisable as of May 24, 2006, 208.3 shares exercisable every month thereafter for 36 months through May 24, 2009.

F4: The options become exercisable over a 4-year period which commenced on May 31, 2002, as follows: 13,750 shares exercisable as of May 31, 2003, 1,145.8 shares become exercisable every month thereafter for 36 months.

F5: The options become exercisable over a 4-year period, as follows: 5,625 shares exercisable as of May 25, 2005, 468.75 shares exercisable every month thereafter for 36 months.