Sec Form 4 Filing - GREGGAIN LANCE @ PIXELWORKS INC - 2003-07-31

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person GREGGAIN LANCE 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) X __ Other (specify below) General Manager/General Manager (Last) (First) (Middle) 3. Date of Earliest Transaction (MM/DD/YY) 07/31/2003 (Street) 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 07/31/2003 J( 1 ) 1,264 A $ 5.806 1,264 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Exchangeable Shares $ 0 ( 2 ) 08/08/1988( 2 ) 08/08/1988( 2 ) Common Stock 508,193 508,193 D Exchangeable Shares ( 2 ) ( 2 ) ( 2 ) Common Stock 53,172 53,172 I by Spouse Exchangeable Shares ( 2 ) ( 2 ) ( 2 ) Common Stock 39,879 39,879 I by Trust Non-Qualified Stock Option (right to buy) $ 2.07 ( 3 ) 04/09/2009 Common Stock 19,179 19,179 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GREGGAIN LANCE General Manager General Manager Signatures By: Angie Gibson For: Lance Greggain 08/04/2003 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares acquired through Employee Stock Purchase Plan. ( 2 )Securities are Jaldi exchageable shares received upon the acquisition of Jaldi Semiconductor by Pixelworks, Inc. The exchangeable shares can be exchanged on a one-for-one basis with Pixelworks at any time at the option of the holder. ( 3 )The options become exercisable as follows: 15,584 shares exercisable as of September 6, 2002, thereafter 399.44 are exercisable every month for 9 months.

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.
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