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* ZHANG HONGMIN (Last) (First) (Middle) 224 AIRPORT PARKWAY SUITE 400 (Street) SAN JOSE CA 95110 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PIXELWORKS, INC [ PXLW ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior VP Technology, and CTO
	3. Date of Earliest Transaction (Month/Day/Year) 02/09/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person 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								59,349	D

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
Non-Qualified Stock Option (right to buy)	$2.36	02/09/2012		A		50,000		(1)	02/09/2018	Common Stock	50,000	$2.36	50,000	D
Non-Qualified Stock Option (right to buy)	$0.6							(1)	03/23/2019	Common Stock	100,000		100,000	D
Non-Qualified Stock Option (right to buy)	$2.28							(1)	02/28/2018	Common Stock	33,333		33,333	D
Non-Qualified Stock Option (right to buy)	$3.13							(1)	02/10/2016	Common Stock	60,000		60,000	D
Non-Qualified Stock Option (right to buy)	$3.48							(1)	02/10/2017	Common Stock	60,000		60,000	D
Non-Qualified Stock Option (right to buy)	$7.47							(2)	12/04/2013	Common Stock	22,916		22,916	D
Non-Qualified Stock Option (right to buy)	$7.47							(1)	12/04/2016	Common Stock	33,333		33,333	D
Non-Qualified Stock Option (right to buy)	$15.06							(3)	02/15/2016	Common Stock	23,333		23,333	D
Non-Qualified Stock Option (right to buy)	$24.747							(4)	06/03/2012	Common Stock	2,000		2,000	D
Non-Qualified Stock Option (right to buy)	$27.66							(5)	10/01/2013	Common Stock	50,000		50,000	D
Non-Qualified Stock Option (right to buy)	$28.44							(6)	03/04/2015	Common Stock	16,666		16,666	D

Explanation of Responses:

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

2. Options become exercisable over 18 months as follows: 33.3% on June 30, 2007 and 66.7% becoming exercisable at a rate of 5.56% on a monthly basis thereafter over 12 months, or through June 30, 2008.

3. The options become exercisable on a monthly basis over a 4-year period which commences February 15, 2006, as follows: 10% exercisable as of February 15, 2007, 20% exercisable as of February 15, 2008, 30% as of February 15, 2009 and 40% exercisable as of February 15, 2010.

4. The options become exercisable on a monthly basis over a 4-year period which commenced on June 30, 2002, as follows: 10% exercisable as of June 30, 2003, 20% exercisable as of June 30, 2004, 30% exercisable as of June 30, 2005 and 40% exercisable as of June 30,2006.

5. The option becomes exercisable on a monthly basis over a four year period which commences on October 31, 2003 as follows: 10% exercisable as of October 31, 2004, 20% exercisable as of October 31, 2005, 30% exercisable as of October 31, 2006, and 40% exercisable as of October 31, 2007.

6. The options become exercisable monthly over a 4-year period which commenced on March 4, 2005, with 10% becoming exercisable by March 4, 2006, 20% becoming exercisable by March 4, 2007, 30% becoming exercisable by March 4, 2008, and 40% becoming exercisable by March 4, 2009.

	Hongmin Zhang	02/12/2012
	** Signature of Reporting Person	Date
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