PIXELWORKS, INC — Director's Dealing 2012

Feb 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2012-02-09

Reporting Person: Becker Steven R (Director, Member of 13(d) 10% Group)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-09	Non-Qualified Stock Option (right to buy)	$2.36	A	10000	Acquired	2018-02-09	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2686185	Indirect

Footnotes

F1: Represents Common Stock of the Issuer directly beneficially owned by Becker Drapkin Partners (QP), L.P. (1,616,216 shares), Becker Drapkin Partners, L.P. (240,269 shares) and BD Partners IV, L.P. (829,700 shares). Mr. Becker may be deemed to beneficially own such Common Stock as he is a co-managing member of BC Advisors, LLC, which is the general partner of Becker Drapkin Management L.P. (of which Mr. Becker is a limited partner), and Becker Drapkin Management L.P. is the general partner of, and investment manager for, each of Becker Drapkin Partners (QP), L.P., Becker Drapkin Partners, L.P. and BD Partners IV, L.P. Mr. Becker disclaims beneficial ownership in such Common Stock, except to the extent of his pecuniary interest therein.

F2: 25% vest on the first anniversary of the date of grant, with the remaining 75% vesting ratably on a monthly basis thereafter over three years.