PIXELWORKS, INC — Director's Dealing 2008

Apr 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2008-03-31

Reporting Person: Walicek Bruce A (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-31	Non-Qualified Stock Option (right to buy)	$0.77	A	505000	Acquired	2018-01-01	Common Stock (505000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$0.76	2018-01-01	Common Stock (95000)	95000	Direct
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)	$8.43	2015-05-24	Common Stock (40000)	40000	Direct

Footnotes

F1: 55,000 shares vest 12/31/2008. 450,000 shares vest ratably on a monthly basis thereafter over three years.

F2: 16,667 shares vest 1/31/08; 16,667 shares vest 2/29/08; 16,666 shares vest 3/31/08. 45,000 shares vested 3/31/08 upon the Compensation Committee's confirmation of Mr. Walicek's achievement of company goals for the first quarter of 2008.

F3: 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.

F4: The option becomes exercisable over a 4-year period which commenced on May 24, 2005, as follows: 10,000 shares exercisable as of May 24, 2006, 833.3 shares exercisable every month thereafter for 36 months through May 24, 2009.