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Filing Details

Accession Number:: 0001416939-10-000016
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-16 13:48:23
Reporting Period:: 2010-12-15

Filing Date:: 2010-12-16
Accepted Time:: 2010-12-16 13:48:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1227930	Entropic Communications Inc	ENTR	Semiconductors & Related Devices (3674)	330947630

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1416939	David Lyle	6290 Sequence Drive San Diego CA 92121	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2010-12-15	35,447	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	7,583	$0.43	7,583	No	4	M	Direct
Common Stock	Disposition	2010-12-15	7,583	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	1,209	$0.43	1,209	No	4	M	Direct
Common Stock	Disposition	2010-12-15	1,209	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	31,395	$0.43	31,395	No	4	M	Direct
Common Stock	Disposition	2010-12-15	31,395	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	26,209	$0.43	26,209	No	4	M	Direct
Common Stock	Disposition	2010-12-15	26,209	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	81,760	$1.05	81,760	No	4	M	Direct
Common Stock	Disposition	2010-12-15	81,760	$11.17	0	No	4	S	Direct
Common Stock	Acquisiton	2010-12-15	1,844	$1.99	1,844	No	4	M	Direct
Common Stock	Disposition	2010-12-15	1,844	$11.17	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	INCENTIVE STOCK OPTION (RIGHT TO BUY)	Disposition	2010-12-15	7,583	$0.00	7,583	$0.43
C0Mm0N Stock	INCENTIVE STOCK OPTION (RIGHT TO BUY)	Disposition	2010-12-15	1,209	$0.00	1,209	$0.43
Common Stock	INCENTIVE STOCK OPTION (RIGHT TO BUY)	Disposition	2010-12-15	31,395	$0.00	31,395	$0.43
Common Stock	INCENTIVE STOCK OPTION (RIGHT TO BUY)	Disposition	2010-12-15	26,209	$0.00	26,209	$0.43
Common Stock	INCENTIVE STOCK OPTION (RIGHT TO BUY)	Disposition	2010-12-15	81,760	$0.00	81,760	$1.05
Common Stock	NON-QUALIFIED STOCKOPTION (RIGHT TO BUY)	Disposition	2010-12-15	1,844	$0.00	1,844	$1.99

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
58,813	2015-08-19	No	4	M	Direct
57,604	2015-08-19	No	4	M	Direct
26,209	2015-08-19	No	4	M	Direct
0	2016-10-13	No	4	M	Direct
11,680	2017-05-18	No	4	M	Direct
64,823	2018-03-19	No	4	M	Direct

Footnotes

The sales reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 28, 2009.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.96 to $11.39, per share. The reporting person undertakes to provide to Entropic Communications (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
1/4th of the shares vest one year after the Vesting Commencement Date beginning 8/19/05. 1/48th of the shares vest monthly thereafter over the next three years. The options may be early exercised prior to vesting but any exercised and unvested shares are subject to a right of repurchase on behalf of the Issuer. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.
Vesting began once Reporting Person met certain milestones which occurred on 8/19/05. 1/48th of the shares vest monthly thereafter over the next four years. The options may be early exercised prior to vesting but any exercised and unvested shares are subject to a right of repurchase on behalf of the Issuer. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.
Vesting began once Reporting Person met certain milestones which occurred on 10/13/06. 1/48th of the shares vest monthly thereafter over the next four years. The options may be early exercised prior to vesting but any exercised and unvested shares are subject to a right of repurchase on behalf of the Issuer. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.
1/4th of the shares vest one year after the Vesting Commencement Date beginning 5/18/07. 1/48th of the shares vest monthly thereafter over the next three years. The options may be early exercised prior to vesting but any exercised and unvested shares are subject to a right of repurchase on behalf of the Issuer. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.
18,055 of the options will become exercisable on May 15, 2010. The remainder of the options become exercisable in equal monthly installments beginning June 19, 2010 until fully vested on March 19, 2012. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.