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Filing Details

Accession Number:: 0001416998-10-000046
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-23 17:03:53
Reporting Period:: 2010-12-23

Filing Date:: 2010-12-23
Accepted Time:: 2010-12-23 17:03:53
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
1416998	C Patrick Henry	6290 Sequence Drive San Diego CA 92121	Ceo & President	Yes	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	Acquisiton	2010-12-23	10,419	$0.33	24,757	No	4	M	Direct
Common Stock	Disposition	2010-12-23	10,419	$11.60	14,338	No	4	S	Direct
Common Stock	Acquisiton	2010-12-23	4,672	$0.43	19,010	No	4	M	Direct
Common Stock	Disposition	2010-12-23	4,672	$11.60	14,338	No	4	S	Direct
Common Stock	Acquisiton	2010-12-23	10,965	$0.33	25,303	No	4	M	Direct
Common Stock	Disposition	2010-12-23	10,965	$11.60	14,338	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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	2010-12-23	10,965	$0.00	10,965	$0.33
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2010-12-23	10,419	$0.00	10,419	$0.33
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2010-12-23	4,672	$0.00	4,672	$0.43

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
176,055	2013-09-12	No	4	M	Direct
0	2013-09-12	No	4	M	Direct
0	2014-01-30	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	157,418	Indirect	'09 GRAT PH
Common Stock	157,418	Indirect	'09 GRAT WH
Common Stock	349,952	Indirect	by Trust

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 2, 2010.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.45 to $11.93 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 fort in this footnote.
The shares are held by the Patrick C. Henry and Wendy A. Henry, Trustees of the Patrick C. Henry 2009 Annuity Trust, dated March 26, 2009, of which the Reporting Person holds a pecuniary interest in the annuity provided for in the trust agreement.
The shares are held by the Patrick C. Henry and Wendy A. Henry, Trustees of the Wendy A. Henry 2009 Annuity Trust, dated March 26, 2009, of which the Reporting Person holds a pecuniary interest in the annuity provided for in the trust agreement.
By Patrick C. Henry and Wendy A. Henry Family Trust
1/4th of the shares vest one year after the Vesting Commencement Date beginning 9/2/03. 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.
1/4th of the shares vest one year after the Vesting Commencement Date beginning 1/30/04. 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.