PIXELWORKS, INC — Director's Dealing 2009

May 9, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2009-05-07

Reporting Person: ZHANG HONGMIN (VP, Technology and CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-07	Common Stock	P	20000	$1.2	Acquired	49203	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$0.6	2019-03-23	Common Stock (100000)	100000	Direct
Non-Qualified Stock Option (right to buy)	$2.28	2018-02-28	Common Stock (33333)	33333	Direct
Non-Qualified Stock Option (right to buy)	$7.47	2013-12-04	Common Stock (22916)	22916	Direct
Non-Qualified Stock Option (right to buy)	$7.47	2016-12-04	Common Stock (33333)	33333	Direct
Non-Qualified Stock Option (right to buy)	$15.06	2016-02-15	Common Stock (23333)	23333	Direct
Non-Qualified Stock Option (right to buy)	$24.747	2012-06-03	Common Stock (2000)	2000	Direct
Non-Qualified Stock Option (right to buy)	$27.66	2013-10-01	Common Stock (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$28.44	2015-03-04	Common Stock (16666)	16666	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 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.

F4: The options become exercisable on a monthly basis over a 4-year period which commenced on June 30, 2002, as follows: 10% exercisable as of June 30, 2003, 20% exercisable as of June 30, 2004, 30% exercisable as of June 30, 2005 and 40% exercisable as of June 30,2006.

F5: The option becomes exercisable on a monthly basis over a four year period which commences on October 31, 2003 as follows: 10% exercisable as of October 31, 2004, 20% exercisable as of October 31, 2005, 30% exercisable as of October 31, 2006, and 40% exercisable as of October 31, 2007.

F6: 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.