PIXELWORKS, INC — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2015-05-13

Reporting Person: SANQUINI RICHARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-13	Common Stock	A	6626.0	—	Acquired	95975	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	59000	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 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 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.