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
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 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*
Miller Richard
(Last) (First) (Middle)
70 W. PLUMERIA DR.
(Street)
SAN JOSE CA 95134
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PortalPlayer, Inc. [ PLAY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2005
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 07/11/2005 M 200 A $2.4 2,661 D
Common Stock 07/11/2005 S 200(1) D $22.88 2,461 D
Common Stock 07/11/2005 M 100 A $2.4 2,561 D
Common Stock 07/11/2005 S 100(1) D $22.9 2,461 D
Common Stock 07/11/2005 M 700 A $2.4 3,161 D
Common Stock 07/11/2005 S 700(1) D $22.9 2,461 D
Common Stock 07/11/2005 M 200 A $2.4 2,661 D
Common Stock 07/11/2005 S 200(1) D $22.97 2,461 D
Common Stock 07/11/2005 M 800 A $2.4 3,261 D
Common Stock 07/11/2005 S 800(1) D $22.99 2,461 D
Common Stock 07/11/2005 M 900 A $2.4 3,361 D
Common Stock 07/11/2005 S 900(1) D $23.11 2,461 D
Common Stock 07/11/2005 M 1,400 A $2.4 3,861 D
Common Stock 07/11/2005 S 1,400(1) D $23.08 2,461 D
Common Stock 07/11/2005 M 300 A $2.4 2,761 D
Common Stock 07/11/2005 S 300(1) D $23.09 2,461 D
Common Stock 07/11/2005 M 100 A $2.4 2,561 D
Common Stock 07/11/2005 S 100(1) D $23.09 2,461 D
Common Stock 07/11/2005 M 300 A $2.4 2,761 D
Common Stock 07/11/2005 S 300(1) D $23.12 2,461 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
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 200 06/10/2005 06/10/2014 Common Stock 200 $22.88 127,196 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 100 06/10/2005 06/10/2014 Common Stock 100 $22.9 127,096 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 700 06/10/2005 06/10/2014 Common Stock 700 $22.9 126,396 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 200 06/10/2005 06/10/2014 Common Stock 200 $22.97 126,196 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 800 06/10/2005 06/10/2014 Common Stock 800 $22.99 125,396 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 900 06/10/2005 06/10/2014 Common Stock 900 $23.11 124,496 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 1,400 06/10/2005 06/10/2014 Common Stock 1,400 $23.08 123,096 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 300 06/10/2005 06/10/2014 Common Stock 300 $23.09 122,796 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 100 06/10/2005 06/10/2014 Common Stock 100 $23.09 122,696 D
Incentive Stock Option (right to buy) $2.4 07/11/2005 M 300 06/10/2005 06/10/2014 Common Stock 300 $23.12 122,396 D
Explanation of Responses:
1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2005.
By: Pulay Mohun, Attorney-in-fact For: Richard G. Miller 07/11/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.