-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F1ZsiOkowATbnK27H4C4So1N1TOE3+BpR+eBlmRpTUkqOegFgktTuttY7npf2QRk
 pqhTdJgxvMkdjNG7vnw4mw==

<SEC-DOCUMENT>0000914317-04-002717.txt : 20040712
<SEC-HEADER>0000914317-04-002717.hdr.sgml : 20040712
<ACCEPTANCE-DATETIME>20040712141040
ACCESSION NUMBER:		0000914317-04-002717
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040708
FILED AS OF DATE:		20040712

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RIESCHEL GARY E
		CENTRAL INDEX KEY:			0001248153

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29053
		FILM NUMBER:		04909839

	BUSINESS ADDRESS:	
		STREET 1:		C/O MOBLUS VENTURE CAPITAL
		STREET 2:		3000 EL CAMINO REAL STE 500
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94306
		BUSINESS PHONE:		6503192700

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YDI WIRELESS INC
		CENTRAL INDEX KEY:			0000712511
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				042751645
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		20 INDUSTRIAL DRIVE EAST
		CITY:			SOUTH DEERFIELD
		STATE:			MA
		ZIP:			01373
		BUSINESS PHONE:		4136658551

	MAIL ADDRESS:	
		STREET 1:		20 INDUSTRIAL DRIVE EAST
		STREET 2:		INDUSTRIAL PARK
		CITY:			SOUTH DEERFIELD
		STATE:			MA
		ZIP:			01373

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELAXIS COMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19991015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MILLITECH CORP
		DATE OF NAME CHANGE:	19990913
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-61727_grex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-08</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000712511</issuerCik>
        <issuerName>YDI WIRELESS INC</issuerName>
        <issuerTradingSymbol>YDIW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001248153</rptOwnerCik>
            <rptOwnerName>RIESCHEL GARY E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>YDI WIRELESS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>8000 LEE HIGHWAY</rptOwnerStreet2>
            <rptOwnerCity>FALLS CHURCH</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22042</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Nonqualified Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.76</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-07-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8671</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-07-08</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-07-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8671</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>see note</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Nonqualified Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.76</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-07-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3829</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-07-08</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-07-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3829</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>see note</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This option is exercisable as to 2,890 shares of common stock on the date of grant (7/8/04) and vests as to an additional
2,890 shares on the first anniversary of the date of grant and as to an additional 2,891 shares on the second anniversary of
the date of grant.</footnote>
        <footnote id="F2">Mr. Rieschel is an Executive Managing Director of Mobius VI LLC, the general partner of Mobius Technology Ventures VI, L.P.,
and as such may be deemed to share voting power with respect to the options to purchase 8,671 shares held of record by
Mobius Technology Ventures VI, L.P. Mr. Rieschel disclaims beneficial ownership of the options held of record by Mobius
Technology Ventures VI, L.P. except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F3">This option is exercisable as to 1,276 shares of common stock on the date of grant (7/8/04) and vests as to an additional
1,276 shares on the first anniversary of the date of grant and as to an additional 1,277 shares on the second anniversary of
the date of grant.</footnote>
        <footnote id="F4">Mr. Rieschel is the Executive Managing Director of SBTV V LLC, the general partner of SOFTBANK Technology Ventures V, L.P.,
and as such may be deemed to share voting power with respect to the options to purchase 3,829 shares held of record by
SOFTBANK Technology Ventures V, L.P. Mr. Rieschel disclaims beneficial ownership of the options held of record by SOFTBANK
Technology Ventures V, L.P. except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Gary E. Rieschel</signatureName>
        <signatureDate>2004-07-08</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----