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^*

TAN LIP BU

(Last)

(First)

(Middle)

ONE CALIFORNIA ST., SUITE 2800

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INPHI Corp [ IPHI ]

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)
11/16/2010

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	11/16/2010		C		59,210	A	⁽¹⁾	59,210	I	By Asian Venture Capital Investment Corporation⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		59,210	A	⁽¹⁾	59,210	I	By International Venture Capital Investment Corporation⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		59,210	A	⁽¹⁾	59,210	I	By International Venture Capital Investment III Corp.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		52,423	A	⁽¹⁾	52,423	I	By Pacven Walden Ventures Parallel V-A C.V.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		52,423	A	⁽¹⁾	52,423	I	By Pacven Walden Ventures Parallel V-B. C.V.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		62,642	A	⁽¹⁾	62,642	I	By Pacven Walden Ventures Parallel VI, L.P.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		5,576	A	⁽¹⁾	5,576	I	By Pacven Walden Ventures V Associates Fund, L.P.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		2,274,888	A	⁽¹⁾	2,274,888	I	By Pacven Walden Ventures V, L.P.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		804,499	A	⁽¹⁾	804,499	I	By Pacven Walden Ventures VI, L.P.⁽²⁾⁽³⁾
Common Stock	11/16/2010		C		36,672	A	⁽¹⁾	36,672	I	By Pacven Walden Ventures V-QP
Common Stock	11/16/2010		C		40,705	A	⁽¹⁾	40,705	I	By Seed Ventures III Ptd Ltd.⁽²⁾⁽³⁾

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)
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			23,260	⁽¹⁾	⁽¹⁾	Common Stock	23,260	$0	0	I	By Asian Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			23,260	⁽¹⁾	⁽¹⁾	Common Stock	23,260	$0	0	I	By International Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			23,260	⁽¹⁾	⁽¹⁾	Common Stock	23,260	$0	0	I	By International Venture Capital Investment III Corp.⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			18,425	⁽¹⁾	⁽¹⁾	Common Stock	18,425	$0	0	I	By Pacven Walden Ventures Parallel V-A C.V.⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			18,425	⁽¹⁾	⁽¹⁾	Common Stock	18,425	$0	0	I	By Pacven Walden Ventures Parallel V-B. C.V.⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			1,960	⁽¹⁾	⁽¹⁾	Common Stock	1,960	$0	0	I	By Pacven Walden Ventures V Associates Fund, L.P.⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			799,549	⁽¹⁾	⁽¹⁾	Common Stock	799,549	$0	0	I	By Pacven Walden Ventures V, L.P.⁽²⁾⁽³⁾
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			12,889	⁽¹⁾	⁽¹⁾	Common Stock	12,889	$0	0	I	By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series B Preferred Stock	⁽¹⁾	11/16/2010		C			40,705	⁽¹⁾	⁽¹⁾	Common Stock	40,705	$0	0	I	By Seed Ventures III Ptd Ltd.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			28,094	⁽¹⁾	⁽¹⁾	Common Stock	28,094	$0	0	I	By Asian Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			28,094	⁽¹⁾	⁽¹⁾	Common Stock	28,094	$0	0	I	By International Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			28,094	⁽¹⁾	⁽¹⁾	Common Stock	28,094	$0	0	I	By International Venture Capital Investment III Corp.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			22,195	⁽¹⁾	⁽¹⁾	Common Stock	22,195	$0	0	I	By Pacven Walden Ventures Parallel V-A C.V.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			22,195	⁽¹⁾	⁽¹⁾	Common Stock	22,195	$0	0	I	By Pacven Walden Ventures Parallel V-B. C.V.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			54,466	⁽¹⁾	⁽¹⁾	Common Stock	54,466	$0	0	I	By Pacven Walden Ventures Parallel VI, L.P.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			2,361	⁽¹⁾	⁽¹⁾	Common Stock	2,361	$0	0	I	By Pacven Walden Ventures V Associates Fund, L.P.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			963,153	⁽¹⁾	⁽¹⁾	Common Stock	963,153	$0	0	I	By Pacven Walden Ventures V, L.P.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			699,488	⁽¹⁾	⁽¹⁾	Common Stock	699,488	$0	0	I	By Pacven Walden Ventures VI, L.P.⁽²⁾⁽³⁾
Series C Preferred Stock	⁽¹⁾	11/16/2010		C			15,527	⁽¹⁾	⁽¹⁾	Common Stock	15,527	$0	0	I	By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			7,856	⁽¹⁾	⁽¹⁾	Common Stock	7,856	$0	0	I	By Asian Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			7,856	⁽¹⁾	⁽¹⁾	Common Stock	7,856	$0	0	I	By International Venture Capital Investment Corporation⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			7,856	⁽¹⁾	⁽¹⁾	Common Stock	7,856	$0	0	I	By International Venture Capital Investment III Corp.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			6,214	⁽¹⁾	⁽¹⁾	Common Stock	6,214	$0	0	I	By Pacven Walden Ventures Parallel V-A C.V.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			6,214	⁽¹⁾	⁽¹⁾	Common Stock	6,214	$0	0	I	By Pacven Walden Ventures Parallel V-B. C.V.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			8,176	⁽¹⁾	⁽¹⁾	Common Stock	8,176	$0	0	I	By Pacven Walden Ventures Parallel VI, L.P.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			661	⁽¹⁾	⁽¹⁾	Common Stock	661	$0	0	I	By Pacven Walden Ventures V Associates Fund, L.P.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			269,653	⁽¹⁾	⁽¹⁾	Common Stock	269,653	$0	0	I	By Pacven Walden Ventures V, L.P.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			105,011	⁽¹⁾	⁽¹⁾	Common Stock	105,011	$0	0	I	By Pacven Walden Ventures VI, L.P.⁽²⁾⁽³⁾
Series D Preferred Stock	⁽¹⁾	11/16/2010		C			4,347	⁽¹⁾	⁽¹⁾	Common Stock	4,347	$0	0	I	By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series E Preferred Stock	⁽¹⁾	11/16/2010		C			5,589	⁽¹⁾	⁽¹⁾	Common Stock	5,589	$0	0	I	By Pacven Walden Ventures Parallel V-A C.V.⁽²⁾⁽³⁾

Explanation of Responses:

1. The convertible preferred stock converted into shares of common stock on a one-for-one basis and has no expiration date.

2. The Reporting Person is the sole director of Pacven Walden Management V Co. Ltd,. which is the general partner of 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., or Pacven V and affiliated funds. He is also the sole director of Pacven Walden Management VI Co. Ltd., which is the general partner of Pacven Walden Ventures VI, L.P. and Pacven Walden Ventures Parallel VI, L.P., or Pacven VI and Parallel Funds. The Reporting Person is also the president of each of Asian Venture Capital Investment Corporation, International Venture Capital Investment Corporation and International Venture Capital Investment III Corp. (Continued in footnote 3).

3. The Reporting Person may be deemed to have shared voting and dispositive power over the shares which are, or may be, deemed to be beneficially owned by Asian Venture Capital Investment Corporation, International Venture Capital Investment Corporation, International Venture Capital Investment III Corp., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B. C.V., Pacven Walden Ventures Parallel VI, L.P., Pacven Walden Ventures V Associates Fund, L.P., Pacven Walden Ventures V, L.P., Pacven Walden Ventures VI, L.P., Pacven Walden Ventures V-QP Associates Fund, L.P. or Seed Ventures III Ptd Ltd., but disclaims such beneficial ownership except to the extent of his or her pecuniary interest therein.

Remarks:

Form 1 of 2.

	/s/ Lip-Bu Tan	11/16/2010
	** 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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