PIXELWORKS, INC — Director's Dealing 2012

Aug 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2012-07-31

Reporting Person: Woodall Neil D. (VP DSP Eng. & Chief Architect)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-31	Common Stock	P	559	$1.91	Acquired	13107	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$1.13	2018-10-06	Common Stock (5000)	5000	Direct
Non-Qualified Stock Option (right to buy)	$2.28	2018-02-05	Common Stock (2000)	2000	Direct
Non-Qualified Stock Option (right to buy)	$2.36	2018-02-09	Common Stock (25000)	25000	Direct
Non-Qualified Stock Option (right to buy)	$3.26	2016-07-28	Common Stock (15000)	15000	Direct
Non-Qualified Stock Option (right to buy)	$3.38	2015-09-30	Common Stock (15000)	15000	Direct
Non-Qualified Stock Option (right to buy)	$6.09	2017-02-12	Common Stock (2333)	2333	Direct
Non-Qualified Stock Option (right to buy)	$7.47	2013-12-04	Common Stock (6048)	6048	Direct
Non-Qualified Stock Option (right to buy)	$13.95	2016-02-08	Common Stock (5333)	5333	Direct
Non-Qualified Stock Option (right to buy)	$21.06	2012-07-16	Common Stock (13064)	13064	Direct
Non-Qualified Stock Option (right to buy)	$21.06	2013-09-23	Common Stock (16666)	16666	Direct
Non-Qualified Stock Option (right to buy)	$27.45	2014-07-28	Common Stock (25000)	25000	Direct

Footnotes

F1: The reporting person is voluntarily reporting the acquisition of shares of the Company's common stock pursuant to the Company's Employee Stock Purchase Plan (ESPP) and the purchase price reflects the allowable discount allowed under the ESPP. This transaction is exempt under Rule 16b-3(c).

F2: Becomes exercisable on a monthly basis over 3 years, commencing the last day of the month of the date of grant.

F3: 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.

F4: 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.

F5: 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.

F6: The option became exercisable on the grant date.