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* DIALECTIC CAPITAL MANAGEMENT, LLC (Last) (First) (Middle) 875 THIRD AVE 15TH FLOOR (Street) NEW YORK NY 10022 (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) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/14/2008
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/14/2008		P		19,709	A	$0.6422	2,998,309	I	See Footnote(1)
Common Stock	10/14/2008		P		1,374	A	$0.6422	462,642	D(2)
Common Stock	10/14/2008		P		587	A	$0.6422	193,568	D(3)
Common Stock	10/14/2008		P		6,807	A	$0.6422	890,734	D(4)
Common Stock	10/14/2008		P		10,941	A	$0.6422	1,444,558	D(5)
Common Stock	10/17/2008		P		2,554	A	$0.65	3,000,863	I	See Footnote(1)
Common Stock	10/17/2008		P		178	A	$0.65	462,820	D(2)
Common Stock	10/17/2008		P		76	A	$0.65	193,644	D(3)
Common Stock	10/17/2008		P		882	A	$0.65	898,423	D(4)
Common Stock	10/17/2008		P		1,418	A	$0.65	1,445,976	D(5)
Common Stock	10/20/2008		P		9,100	A	$0.65	3,009,963	I	See Footnote(1)
Common Stock	10/20/2008		P		634	A	$0.65	463,454	D(2)
Common Stock	10/20/2008		P		271	A	$0.65	193,915	D(3)
Common Stock	10/20/2008		P		3,143	A	$0.65	901,566	D(4)
Common Stock	10/20/2008		P		5,052	A	$0.65	1,451,028	D(5)
Common Stock	10/21/2008		P		5,100	A	$0.65	3,015,063	I	See Footnote(1)
Common Stock	10/21/2008		P		355	A	$0.65	463,809	D(2)
Common Stock	10/21/2008		P		152	A	$0.65	194,067	D(3)
Common Stock	10/21/2008		P		1,762	A	$0.65	903,328	D(4)
Common Stock	10/21/2008		P		2,831	A	$0.65	1,453,859	D(5)
Common Stock	10/22/2008		P		4,000	A	$0.65	3,019,063	I	See Footnote(1)
Common Stock	10/22/2008		P		279	A	$0.65	464,088	D(2)
Common Stock	10/22/2008		P		119	A	$0.65	194,186	D(3)
Common Stock	10/22/2008		P		1,382	A	$0.65	904,710	D(4)
Common Stock	10/22/2008		P		2,220	A	$0.65	1,456,079	D(5)

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

1. Name and Address of Reporting Person* DIALECTIC CAPITAL MANAGEMENT, LLC (Last) (First) (Middle) 875 THIRD AVE 15TH FLOOR (Street) NEW YORK NY 10022 (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* DIALECTIC CAPITAL PARTNERS LP (Last) (First) (Middle) 875 THIRD AVE 15TH FLOOR (Street) NEW YORK NY 10022 (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* DIALECTIC OFFSHORE LTD (Last) (First) (Middle) C/O SS&C FUND SERVICES N.V. PARERAWEG 45 (Street) CURACAO P7 (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* Dialectic Antithesis Partners L P (Last) (First) (Middle) 875 THIRD AVE 15TH FLOOR (Street) NEW YORK NY 10022 (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* DIALECTIC ANTITHESIS OFFSHORE LTD (Last) (First) (Middle) C/O SS&C FUND SERVICES N.V. PARERAWEG 45 (Street) CURACAO P7 (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* FICHTHORN JOHN (Last) (First) (Middle) C/O DIALECTIC CAPITAL MANAGEMENT, LLC 875 THIRD AVE, 15TH FLOOR (Street) NEW YORK NY 10022 (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* FICHTHORN LUKE (Last) (First) (Middle) C/O DIALECTIC CAPITAL MANAGEMENT, LLC 875 THIRD AVE, 15TH FLOOR (Street) NEW YORK NY 10022 (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. These securities may be deemed to be indirectly beneficially owned by Dialectic Capital Management, LLC, which is a Reporting Person, by virtue of its role as the investment manager of Dialectic Capital Partners, LP, Dialectic Offshore, Ltd., Dialectic Antithesis Partners, LP and Dialectic Antithesis Offshore, Ltd. John Fichthorn, who is also a Reporting Person, is a managing member of the investment manager. Luke Fichthorn who is also a Reporting Person is also a managing member of the Investment Manager (collectively, John Fichthorn and Luke Fichthorn, the "Managing Members"). Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that each such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

2. These securities are directly owned by the Dialectic Capital Partners, LP., which is a reporting person.

3. These securities are directly owned by the Dialectic Offshore, Ltd., which is a reporting person.

4. These securities are directly owned by the Dialectic Antithesis Partners, LP., which is a reporting person.

5. These securities are directly owned by the Dialectic Antithesis Offshore, Ltd., which is a reporting person.

Remarks:

(+) Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that each such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

	Dialectic Capital Management, LLC (+), By: /s/ John Fichthorn, Managing Member	10/28/2008
	Dialectic Capital Partners, LP (2), By: Dialectic Capital, LLC, its general partner, By: /s/ John Fichthorn	10/28/2008
	Dialectic Offshore, Ltd. (3), By: /s/ John Fichthorn, Director	10/28/2008
	Dialectic Antithesis Partners, LP (4), By: Dialectic Capital, LLC, its general partner, By: /s/ John Fichthorn	10/28/2008
	Dialectic Antithesis Offshore, Ltd. (5), By: /s/ John Fichthorn, Director	10/28/2008
	/s/ John Fichthorn (+)	10/28/2008
	/s/ Luke Fichthorn (+)	10/28/2008
	** 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.