SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Pacven Walden Management V Co. Ltd. (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol LEADIS TECHNOLOGY INC [ LDIS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/26/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/26/2005		J(1)		960,067	D	$0(1)	2,880,199	I	By Pacven Walden Ventures V, L.P.(2)
Common Stock	04/26/2005		J(1)		22,124	D	$0(1)	66,374	I	By Pacven Walden Ventures Parallel V-A C.V.(2)
Common Stock	04/26/2005		J(1)		22,124	D	$0(1)	66,374	I	By Pacven Walden Ventures Parallel V-B C.V.(2)
Common Stock	04/26/2005		J(1)		2,354	D	$0(1)	7,062	I	By Pacven Walden Ventures V Associates Fund, L.P.(2)
Common Stock	04/26/2005		J(1)		15,477	D	$0(1)	46,432	I	By Pacven Walden Ventures V-QP Associates Fund, L.P.(2)
Common Stock	04/26/2005		J(3)		20,264	A	$0(3)	20,264	D
Common Stock	04/26/2005		J(3)		20,264	D	$0(3)	0(3)	D
Common Stock	04/26/2005		J(4)		15,299	A	$0(4)	15,299	I	By Pacven Walden Management Co. Ltd.(2)
Common Stock	04/26/2005		J(4)		15,299	D	$0(4)	0(4)	I	By Pacven Walden Management Co. Ltd.(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Pacven Walden Management V Co. Ltd. (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Pacven Walden Management Co. Ltd. (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PACVEN WALDEN VENTURES V LP (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Pacven Walden Ventures Parallel V-A C.V. (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Pacven Walden Ventures Parallel V-B C.V. (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PACVEN WALDEN VENTURES V ASSOCIATES FUND LP (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PACVEN WALDEN VENTURES V QP ASSOCIATES FUND LP (Last) (First) (Middle) ONE CALIFORNIA STREET 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Hsu Tzu-Hwa (Last) (First) (Middle) WALDEN INTERNATIONAL ONE CALIFORNIA STREET, 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) (footnote 2)

1. Name and Address of Reporting Person* Lee Nancy (Last) (First) (Middle) WALDEN INTERNATIONAL ONE CALIFORNIA STREET, 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) (footnote 2)

1. Name and Address of Reporting Person* Kau Andrew (Last) (First) (Middle) WALDEN INTERNATIONAL ONE CALIFORNIA STREET, 28TH FLOOR (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) (footnote 2)

Explanation of Responses:

1. Distribution in-kind from Partnership to its general and limited partners without any consideration.

2. Nancy Lee, Andrew Kau, and Tzu-Hwa Hsu are members of the Investment Committee of Pacven Walden Management Co. Ltd. ("Pacven") and share voting and investment power with respect to the shares held by such shareholder. Each member of the group disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.

3. The Reporting Entity received an in-kind distribution from Pacven Walden Ventures V, L.P., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B C.V., Pacven Walden Ventures V Associates Fund, L.P., and Pacven Walden Ventures V-QP Associates Fund, L.P. The Reporting Entity subsequently made an in-kind distribution without any consideration to its shareholder, which included Pacven Walden Management Co. Ltd.

4. Pacven Walden Management Co. Ltd. received an in-kind distribuiton without any consideration from the Reporting Entity, and subsequently distributed the shares to its shareholders.

	Pacven Walden Management V Co. Ltd.	04/27/2005
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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