SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Harris Colin

(Last)

(First)

(Middle)

3975 FREEDOM CIRCLE

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2004

3. Issuer Name and Ticker or Trading Symbol
PMC SIERRA INC [ PMCS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP of Worldwide Operations

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	370	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	01/31/2002⁽¹⁾	02/11/2008	Common Stock	24,000	$9.0625	D
Employee Stock Option (Right to Buy)	03/31/2003⁽²⁾	03/31/2013	Common Stock	80,000	$5.95	D
Employee Stock Option (Right to Buy)	03/31/2003⁽²⁾	03/31/2013	Common Stock	80,000	$5.95	D
Employee Stock Option (Right to Buy)	03/31/2003⁽³⁾	03/31/2013	Common Stock	50,000	$5.95	D
Employee Stock Option (Right to Buy)	03/31/2003⁽⁴⁾	03/31/2013	Common Stock	65,000	$5.95	D
Employee Stock Option (Right to Buy)	12/29/2004⁽⁵⁾	12/29/2013	Common Stock	100,000	$20.13	D
PMC Sierra, Limited 1-B Special Shares	06/01/1996⁽¹⁾	⁽⁶⁾	Common Stock	3,252⁽⁷⁾	⁽⁷⁾	I	By Wife
PMC Sierra, Limited 1-B Special Shares	06/01/1996⁽¹⁾	⁽⁶⁾	Common Stock	3,252⁽⁷⁾	⁽⁷⁾	I	By Son
PMC Sierra, Limited 1-B Special Shares	06/01/1996⁽¹⁾	⁽⁶⁾	Common Stock	3,252⁽⁷⁾	⁽⁷⁾	I	By Son
PMC Sierra, Limited 1-B Special Shares	06/01/1996⁽¹⁾	⁽⁶⁾	Common Stock	3,252⁽⁷⁾	⁽⁷⁾	I	By Son

Explanation of Responses:

1. Fully exercisable.

2. This option was granted in exchange for an option cancelled on September 26, 2002 and vested 50% on March 31, 2003; 1/24 of the remaining shares subject to the option vest monthly thereafter over the next 24 months.

3. This option was granted in exchange for an option cancelled on September 26, 2002 and vested 25% on March 31, 2003; 1/30 of the remaining shares subject to the option vest monthly thereafter over the next 30 months.

4. This option was granted in exchange for an option cancelled on September 26, 2002 and vested 25% on March 31, 2003; 1/36 of the remaining shares subject to the option vest monthly thereafter over the next 36 months.

5. 25% of the shares subject to the option vest on December 29, 2004; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

6. No expiration date.

7. At the election of the Reporting Person, one PMC-Sierra, Limited 1-B Special Share is exchangeable for 2.18448 shares of PMC-Sierra, Inc. common stock.

	/S/ Colin Harris	07/30/2004
	** 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 5 (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.
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