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^*

KARR TRAVIS

(Last)

(First)

(Middle)

3975 FREEDOM CIRCLE

(Street)

SANTA CLARA

95054

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2009

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, General Manager, CPD

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⁽¹⁾	15,333⁽²⁾	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)	⁽³⁾	12/29/2013	Common Stock	18,000	$20.13	D
Employee Stock Option (Right to Buy)	04/18/2006⁽⁴⁾	04/18/2015	Common Stock	10,125	$7.87	D
Employee Stock Option (Right to Buy)	03/07/2007⁽⁵⁾	03/07/2016	Common Stock	12,500	$10.97	D
Employee Stock Option (Right to Buy)	03/07/2007⁽⁵⁾	06/07/2016	Common Stock	12,500	$9.07	D
Employee Stock Option (Right to Buy)	03/07/2007⁽⁶⁾	09/07/2016	Common Stock	4,948	$6.37	D
Employee Stock Option (Right to Buy)	03/07/2007⁽⁶⁾	12/07/2016	Common Stock	7,553	$7.54	D
Employee Stock Option (Right to Buy)	01/02/2008⁽⁷⁾	01/02/2017	Common Stock	24,167	$6.4	D
Employee Stock Option (Right to Buy)	03/04/2009⁽⁸⁾	03/04/2018	Common Stock	45,000	$4.79	D
Employee Stock Option (Right to Buy)	10/07/2009⁽⁹⁾	10/07/2018	Common Stock	24,000	$5.94	D

Explanation of Responses:

1. The securities are represented by restricted stock units ("RSUs") that will entitle the reporting person to receive one share of PMC-Sierra, Inc. common stock per resticted stock unit. 10,000 RSUs were awarded on May 27, 2008 and 5,333 RSUs were awarded on November 25, 2008. The RSUs will vest 50% 24 months from the award date and 25% vest each 12-month period thereafter. The RSUs will be issued provided the reporting person remains in continuous status as an employee, consultant or director through such date.

2. The securities were awarded in an exempt transaction pursuant to Rule 16b-3(d) of the Securities Exchange act of 1934, as amended.

3. All of the shares subject to the option are fully vested and exercisable.

4. An option to purchase 27,000 shares was granted on April 18, 2005 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. 25% of the shares subject to the option vested on April 18, 2006; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

5. 25% of the shares subject to the option vested on March 7, 2007; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

6. An option to purchase 12,500 shares was granted on March 7, 2007 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. 25% of the shares subject to the option vested on March 7, 2007; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

7. An option to purchase 40,000 shares was granted on January 2, 2007 and was exercised in part prior to the date on which the Reporting Person became subject to Section 16. 25% of the shares subject to the option vested on January 2, 2008; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

8. 25% of the shares subject to the option vest on March 4, 2009; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

9. 25% of the shares subject to the option vest on October 7, 2009; thereafter 1/48 of the total grant will vest monthly until all such shares are vested and exercisable.

	/S/ ALINKA FLAMINIA, ATTORNEY-IN-FACT FOR TRAVIS KARR	01/09/2009
	** 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.
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.