SEC FORM 4

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

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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^*

GINSBERG ERROL

(Last)

(First)

(Middle)

C/O IXIA

26601 WEST AGOURA ROAD

(Street)

CALABASAS

91302

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IXIA [ XXIA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/25/2004		S⁽¹⁾		2,000	D	$9.9	6,038,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/25/2004		S⁽¹⁾		300	D	$9.92	6,038,483	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/25/2004		S⁽¹⁾		200	D	$9.91	6,038,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/25/2004		S⁽¹⁾		500	D	$9.85	6,037,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/25/2004		S⁽¹⁾		500	D	$9.7	6,037,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/25/2004		S⁽¹⁾		500	D	$9.75	6,036,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		1,181	D	$10.03	6,035,602	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		102	D	$10.05	6,035,500	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		500	D	$10.02	6,035,000	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		300	D	$10.01	6,034,700	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		1,917	D	$10	6,032,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		500	D	$9.9	6,032,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		1,000	D	$9.93	6,031,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		500	D	$10.25	6,030,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		500	D	$10.1	6,030,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/26/2004		S⁽¹⁾		1,000	D	$9.95	6,029,283	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		327	D	$9.71	6,028,956	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		2,362	D	$9.7	6,026,594	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		397	D	$9.74	6,026,197	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		1,000	D	$9.79	6,025,197	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		200	D	$9.84	6,024,997	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		1,050	D	$9.85	6,023,947	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		1,307	D	$9.8	6,022,640	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		200	D	$9.9	6,022,440	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		500	D	$10.05	6,021,940	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾
Common Stock	05/27/2004		S⁽¹⁾		157	D	$10.15	6,021,783	I⁽²⁾	By Errol Ginsberg and Annette R. Michelson Family Trust dated 10/13/1999⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

GINSBERG ERROL

(Last)

(First)

(Middle)

C/O IXIA

26601 WEST AGOURA ROAD

(Street)

CALABASAS

91302

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

1. Name and Address of Reporting Person^*

ERROL GINSBERG & ANNETTE R MICHELSON FAM TR DAT 10/13/1999

(Last)

(First)

(Middle)

C/O IXIA

26601 WEST AGOURA ROAD

(Street)

CALABASAS

91302

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

MICHELSON ANNETTE R

(Last)

(First)

(Middle)

C/O IXIA

26601 WEST AGOURA ROAD

(Street)

CALABASAS

91302

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Errol Ginsberg and Annette R. Michelson, or their successor, as Trustees of the Errol Ginsberg and Annette R. Michelson Family Trust dated October 13, 1999, as amended (the "Ginsberg and Michelson Family Trust"), on October 24, 2003.

2. These shares are beneficially owned (i) directly by the Ginsberg and Michelson Family Trust, (ii) indirectly by Errol Ginsberg and (iii) indirectly by Annette R. Michelson. Mr. Ginsberg is a director, officer (President and Chief Executive Officer) and 10% owner of the Issuer. Ms. Michelson is Mr. Ginsberg's spouse and 10% owner of the Issuer. The Ginsberg and Michelson Family Trust is a 10% owner of the Issuer.

Remarks:

	Ronald W. Buckly, Attorney-in-Fact for Errol Ginsberg	05/27/2004
	Ronald W. Buckly, Attorney-in-Fact for Errol Ginsberg as Trustee of the Ginsberg and Michelson Family Trust	05/27/2004
	Ronald W. Buckly, Attorney-in-Fact for Annette R. Michelson as Trustee of the Ginsberg and Michelson Family Trust	05/27/2004
	Ronald W. Buckly, Attorney-in-Fact for Annette R. Michelson	05/27/2004
	** 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).
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