SEC Form 4
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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*
TAN LIP BU

(Last) (First) (Middle)
ONE CALIFORNIA STREET 28TH FLOOR

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEADIS TECHNOLOGY INC [ LDIS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/03/2006
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 02/03/2006 J(1) 960,065 D $0(1) 0 I By Pacven Walden Ventures V, L.P.(2)
Common Stock 02/03/2006 J(1) 22,126 D $0(1) 0 I By Pacven Walden Ventures Parallel V-A C.V.(2)
Common Stock 02/03/2006 J(1) 22,126 D $0(1) 0 I By Pacven Walden Ventures Parallel V-B C.V.(2)
Common Stock 02/03/2006 J(1) 2,354 D $0(1) 0 I By Pacven Walden Ventures V Associates Fund, L.P.(2)
Common Stock 02/03/2006 J(1) 15,478 D $0(1) 0 I by Pacven Walden Ventures V-QP Associates Fund, L.P.(2)
Common Stock 02/03/2006 J(3) 20,266 A $0(3) 20,266 I By Pacven Walden Management V Co. Ltd.(3)
Common Stock 02/03/2006 J(3) 20,266 D $0(3) 0 I By Pacven Walden Management V Co. Ltd.(3)
Common Stok 02/03/2006 J(4) 15,301 A $0(4) 15,301 I By Pacven Walden Management Co. Ltd.(4)
Common Stock 02/03/2006 J(4) 15,301 D $0(4) 0 I By Pacven Walden Management Co. Ltd.(4)
Common Stock 02/03/2006 J(5) 15,203 A $0 85,015 I By Trust(5)
Common Stock 3,000 I By Son
Common Stock 3,000 I By Son
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
Explanation of Responses:
1. Distribution in-kind from partnerships to its general and limited partners without any consideration.
2. Pacven Walden Management V Co. Ltd. ("Pacven V") is the general partner of such shareholder and Pacven Walden Management Co. Ltd. ("Pacven") is the sole voting shareholder of Pacven V. The Reporting Person is the sole director of Pacven V and a member of the Investment Committee of Pacven. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
3. Pacven V received an in-kind distribution without any consideration from Pacven Walden Ventures V, L.P., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B C.V., Pacven Walden Ventures V Associates Fund, L.P., and Pacven Walden Ventures V-QP Associates Fund, L.P. Pacven V subsequently distributed the shares to its shareholders.
4. Pacven, a sole shareholder of Pacven V, received an in-kind distribution without any consideration from Pacven V and subsequently distributed the shares to its shareholders.
5. Lip-Bu Tan & Ysa Loo Trust, of which the Reporting Person is one of the trustees, received the shares from the above distribution. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Lip-Bu Tan 02/06/2006
** 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.