PIXELWORKS, INC — Director's Dealing 2008

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2008-02-29

Reporting Person: LAU YUE JOHN (VP, Foundry Management)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	Non-Qualified Stock Option (right to buy)	$0.76	A	50000	Acquired	2018-02-28	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15879	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$0.33	2009-03-03	Common Stock (36000)	36000	Direct
Incentive Stock Option (right to buy)	$1.49	2009-09-16	Common Stock (18000)	18000	Direct
Incentive Stock Option (right to buy)	$2.43	2009-12-08	Common Stock (7500)	7500	Direct
Incentive Stock Option (right to buy)	$16.5	2012-01-02	Common Stock (22382)	22382	Direct
Non-Qualified Stock Option (right to buy)	$2.49	2016-12-04	Common Stock (75000)	75000	Direct
Non-Qualified Stock Option (right to buy)	$5.02	2016-02-15	Common Stock (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$7.57	2013-01-31	Common Stock (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$8.5	2011-04-02	Common Stock (40000)	40000	Direct
Non-Qualified Stock Option (right to buy)	$9.48	2015-03-04	Common Stock (25000)	25000	Direct
Non-Qualified Stock Option (right to buy)	$15.41	2014-03-09	Common Stock (40000)	40000	Direct
Non-Qualified Stock Option (right to buy)	$16.5	2012-01-02	Common Stock (27618)	27618	Direct

Footnotes

F1: Becomes exercisable on a monthly basis over 3 years, commencing the last day of the month of the date of grant.

F2: The options become exercisable over a 4-year period which commenced on January 31, 1999, as follows: 15,000 shares exercisable as of January 31, 2000, 1,250 shares exercisable every month thereafter for 36 months.

F3: The options become exercisable over a 4-year period which commenced on September 30, 1999, as follows: 4,500 shares exercisable as of September 30, 2000, 375 shares exercisable every month thereafter for 36 months.

F4: The options become exercisable on a monthly basis over a 4-year period which commenced on December 31, 1999, as follows: 10% exercisable as of December 31, 2000, 20% exercisable as of December 31, 2001, 30% exercisable as of December 31, 2002 and 40% exercisable as of December 31,2003.

F5: The options become exercisable on a monthly basis over a 4-year period which commenced on January 31, 2002, as follows: 10% exercisable as of January 31, 2003, 20% exercisable as of January 31, 2004, 30% exercisable as of January 31, 2005 and 40% exercisable as of January 31,2006.

F6: 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.

F7: The options become exercisable on a monthly basis over a 4-year period which commenced on January 31, 2002, as follows: 10% exercisable as of January 31, 2003, 20% exercisable as of January 31, 2004, 30% exercisable as of January 31, 2005 and 40% exercisable as of January 31,2006.

F8: The options become exercisable on a monthly basis over a 4-year period which commenced on April 30, 2001, as follows: 10% exercisable as of April 30, 2002, 20% exercisable as of April 30, 2003, 30% exercisable as of April 30, 2004 and 40% exercisable as of April 30,2005.

F9: The options become exercisable monthly over a 4-year period which commenced on March 4, 2005, with 10% becoming exercisable by March 4, 2006, 20% becoming exercisable by March 4, 2007, 30% becoming exercisable by March 4, 2008, and 40% becoming exercisable by March 4, 2009.

F10: The option becomes exercisable on a monthly basis over a four year period which commences on March 31, 2004 as follows: 10% exercisable as of March 31, 2005, 20% exercisable as of March 31, 2006, 30% exercisable as of March 31, 2007, and 40% exercisable as of March 31, 2008.