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^*

NOBLE JOSEPH A

(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	10% Owner
X	Officer (give title below)	Other (specify below)
	V.P., Asia Pacific Sales

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2005

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)
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	07/28/2005		M		5,500	A	$0.2333	7,585	D
Common Stock	07/28/2005		M		625	A	$11.94	8,210	D
Common Stock	07/28/2005		M		125	A	$11.94	8,335	D
Common Stock	07/28/2005		S		3,500	D	$18.95	4,835	D
Common Stock	07/28/2005		S		2,000	D	$19.15	2,835	D
Common Stock	07/28/2005		S		750	D	$19.5	2,085	D
Common Stock	07/28/2005		S		650	D	$19.2508	1,435	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)
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)
Employee Stock Option (right to buy)	$0.2333	07/28/2005		M			5,500	⁽¹⁾	03/31/2009	Common Stock	5,500	$0	65,423	D
Employee Stock Option (right to buy)	$11.94	07/28/2005		M			625	⁽²⁾	03/31/2012⁽²⁾	Common Stock	625	$0	6,123	D
Employee Stock Option (right to buy)	$11.94	07/28/2005		M			125	⁽³⁾	12/31/2009	Common Stock	125	$0	754	D

Explanation of Responses:

1. Option to purchase 450,000 shares vested and became exercisable cumulatively as to 112,500 shares on 03/31/00; and as to 337,500 shares in 12 equal quarterly installments commencing on 06/30/00.

2. Option to purchase 9,121 shares vests as to 625 shares on each of 06/30/04 and 09/30/04; as to 498 shares on 12/31/04; as to 625 shares on each of 03/31/05 and 06/30/05; as to 498 shares on 09/30/05; and as to 5,625 shares in nine equal quarterly installments commencing 03/31/06. Option is exercisable as to each installment of vested shares for a period of four years following the vesting date.

3. Option to purchase 879 shares vests as to 127 shares on each of 12/31/04 and 09/30/05; and as to 625 shares on 12/31/05. Option is exercisable as to each installment of vested shares for a period of four years following the vesting date.

Remarks:

	Joseph A. Noble	07/29/2005
	** 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).
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