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Form 4 SILICON IMAGE INC For: Mar 10 Filed by: Meagher Seamus

March 12, 2015 7:37 PM EDT
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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OMB Number: 3235-0287
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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 *
Meagher Seamus
(Last) (First) (Middle)
1140 EAST ARQUES AVE.
(Street)
SUNNYVALE CA 94085
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SILICON IMAGE INC [ SIMG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Worldwide Sales
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2015
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 03/10/2015   U   48,935 D $ 7.30 0 D  
Common Stock 03/10/2015   M   24,000 A (1) 24,000 D  
Common Stock 03/10/2015   U   24,000 D $ 7.30 0 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) $ 4.46 03/10/2015   D     542   (2) 02/15/2018 Common Stock 542 $ 2.84 0 D  
Non-Qualified Stock Option (right to buy) $ 4.52 03/10/2015   D     50,000   (2) 12/15/2018 Common Stock 50,000 $ 2.78 0 D  
Non-Qualified Stock Option (right to buy) $ 5.85 03/10/2015   D     4,000   (2) 10/15/2017 Common Stock 4,000 $ 1.45 0 D  
Non-Qualified Stock Option (right to buy) $ 6.95 03/10/2015   D     10,000   (2) 01/18/2018 Common Stock 10,000 $ 0.35 0 D  
Performance Shares $ 0 (1) 03/10/2015   M     24,000   (3)   (3) Common Stock 24,000 $ 0 0 D  
Explanation of Responses:
1. Restricted stock units convert into common stock on a 1:1 basis.
2. This option, which is fully vested and exercisable, was cancelled at the closing of the tender offer (the "Offer") by Cayabyab Merger Company, a Delaware corporation, and a wholly owned subsidiary of Lattice Semiconductor Corporation, a Delaware corporation ("Lattice"), in exchange for a cash payment from Lattice equal to the product of (a) the number of shares underlying this option and (b) the difference between the offer price of $7.30 per share and the exercise price per share of this option.
3. Represents the 50% portion of the outstanding unvested PBRSU for 48,000 shares that was granted to the Reporting Person on August 15, 2013 (the "2013 Unvested PBRSU"), which portion shall accelerate at the Offer closing based upon a determination by the compensation committee as to the deemed satisfaction of the performance metrics to which such 2013 Unvested PBRSU is subject. The remaining 24,000 shares, representing the other 50% portion of the 2013 Unvested PBRSU, will be cancelled at the Offer closing for no consideration.
By: Edward Lopez, Attorney in Fact For: Seamus Meagher 03/12/2015
** 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.

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