PIXELWORKS, INC — Director's Dealing 2009

Mar 3, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2009-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-27	Common Stock	P	5400	$0.572	Acquired	53699	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$2.28	2018-01-01	Common Stock (31666)	31666	Direct
Non-Qualified Stock Option (right to buy)	$2.31	2018-01-01	Common Stock (168333)	168333	Direct
Non-Qualified Stock Option (right to buy)	$4.14	2017-05-22	Common Stock (3333)	3333	Direct
Non-Qualified Stock Option (right to buy)	$9	2016-05-23	Common Stock (3333)	3333	Direct
Non-Qualified Stock Option (right to buy)	$25.29	2015-05-24	Common Stock (13333)	13333	Direct

Footnotes

F1: 5,555 shares vest 1/31/08; 5,555 shares vest 2/29/08; 5,556 shares vest 3/31/08. 15,000 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.

F2: 18,333 shares vest 12/31/2008. 150,000 shares vest ratably on a monthly basis thereafter over three years.

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: 3,333 shares exercisable as of May 24, 2006, 277.8 shares exercisable every month thereafter for 36 months through May 24, 2009.