PIXELWORKS, INC — Director's Dealing 2012

May 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2012-05-15

Reporting Person: DOMENIK STEPHEN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-15	Common Stock	A	8000	—	Acquired	104700	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29881	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$3.05	2016-07-29	Common Stock (10000)	10000	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of the registrant's common stock. The restricted stock units will vest in full on the first to occur of (1) the day before the next annual meeting of the registrant's shareholders that follows the grant date or (2) the first anniversary of the grant date. The restricted stock units will be paid upon vesting, subject to any election by the reporting person to defer payment of the units to a later date.

F2: The option becomes exercisable over 4 year period which commenced on July 29, 2010, as follows: 2,500 shares exercisable as of July 29, 2011, 208.33 shares exercisable every month thereafter for 36 months through July 29, 2014.