PIXELWORKS, INC — Director's Dealing 2012

Jul 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2012-07-26

Reporting Person: Aspacio Reuben A. (Sr. VP of Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-26	Common Stock	A	11500	—	Acquired	19814	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$0.68	2019-02-02	Common Stock (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$2.36	2018-02-09	Common Stock (50000)	50000	Direct
Non-Qualified Stock Option (right to buy)	$3.13	2016-02-10	Common Stock (45000)	45000	Direct
Non-Qualified Stock Option (right to buy)	$3.48	2017-02-10	Common Stock (60000)	60000	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 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date.

F2: 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.

F3: Becomes exercisable on a monthly basis over 3 years, commencing the last day of the month of the date of grant.