PIXELWORKS, INC — Director's Dealing 2012

Mar 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2012-03-16

Reporting Person: SANQUINI RICHARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-16	Common Stock	A	24000	—	Acquired	40000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$3.13	2016-02-10	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 anniversary of the grant date. The restricted stock units will be payable in common stock upon vesting.

F2: Held by Richard Sanquini Living Trust

F3: The option becomes exercisable over 4 year period which commenced on February 10, 2010, as follows: 2,500 shares exercisable as of February 10, 2011, 208.33 shares exercisable every month thereafter for 36 months through February 10, 2014.