PIXELWORKS, INC — Director's Dealing 2021

Feb 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PIXELWORKS, INC (PXLW)
CIK: 0001040161
Period of Report: 2021-02-08

Reporting Person: DEBONIS TODD (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Common Stock	M	12446	$2.46	Acquired	1126155	Direct
2021-02-08	Common Stock	S	12446	$3.71	Disposed	1113709	Direct
2021-02-09	Common Stock	M	106871	$2.46	Acquired	1220580	Direct
2021-02-09	Common Stock	S	106871	$3.7171	Disposed	1113709	Direct
2021-02-10	Common Stock	M	34546	$2.46	Acquired	1148255	Direct
2021-02-10	Common Stock	S	34546	$3.71	Disposed	1113709	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Non-Qualified Stock Option (right to buy)	$2.46	M	12446	Disposed	2022-01-04	Common Stock (12446)	Direct
2021-02-09	Non-Qualified Stock Option (right to buy)	$2.46	M	106871	Disposed	2022-01-04	Common Stock (106871)	Direct
2021-02-10	Non-Qualified Stock Option (right to buy)	$2.46	M	34546	Disposed	2022-01-04	Common Stock (34546)	Direct

Footnotes

F1: THIS TRANSACTION WAS MADE PURSUANT TO A RULE 10B5-1 TRADING PLAN ADOPTED BY MR. DEBONIS IN AUGUST 2020. THE RULE 10B5-1 TRADING PLAN PROVIDES FOR THE EXERCISE AND SAME-DAY SALE OF EXPIRING STOCK OPTIONS HELD BY MR. DEBONIS AT A PRE-SPECIFIED PRICE PRIOR TO STOCK OPTION EXPIRATION.

F2: 25% vests on January 31, 2017, with the remaining 75% vesting ratably on a monthly basis thereafter over three years.