PIXELWORKS, INC — Director's Dealing 2020

May 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2020-05-15

Reporting Person: Tupman David J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-15	Common Stock	A	19247	—	Acquired	129361	Direct
2020-05-15	Common Stock	S	500	$3.44	Disposed	128861	Direct
2020-05-18	Common Stock	S	6700	$3.5	Disposed	122161	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$5.5	2020-04-02	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: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Dr. Tupman in February 2020. The Rule 10b5-1 trading plan provides for the sale on a pre-specified date of up to 7,200 of the shares that were released to Dr. Tupman on May 14, 2020 in connection with the annual grant awarded to him upon reelection to the Board of Directors on May 15, 2019.

F3: 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.