PIXELWORKS, INC — Director's Dealing 2008

Mar 4, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2008-03-01

Reporting Person: Hilderbrand Michelle Billings (Vice President, Finance)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$0.76	2018-02-28	Common Stock (20000)		Direct
Non-Qualified Stock Option (right to buy)	$2.03	2017-02-12	Common Stock (2500)		Direct
Non-Qualified Stock Option (right to buy)	$2.49	2013-12-04	Common Stock (4975)		Direct
Non-Qualified Stock Option (right to buy)	$3.8	2016-05-02	Common Stock (10000)		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: 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.

F3: 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.