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^*

SHARP STEVEN

(Last)

(First)

(Middle)

2300 NE BROOKWOOD PKWY

(Street)

HILLSBORO

97124

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TRIQUINT SEMICONDUCTOR INC [ TQNT ]

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)
03/16/2007

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	03/16/2007		M		405,012⁽¹⁾	A	$3.875	637,142	D
Common Stock								13,600	I	Charitable Foundation

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)
NonQualified Stock Option (right to buy)⁽²⁾	$3.875	03/16/2007		M			25,808	01/01/1998⁽³⁾	03/20/2007	Common Stock	25,808	⁽⁹⁾	0	D
NonQualified Stock Option (right to buy)⁽²⁾	$3.875	03/16/2007		M			25,808	01/01/1999⁽⁴⁾	03/20/2007	Common Stock	25,808	⁽⁹⁾	0	D
NonQualified Stock Option (right to buy)⁽²⁾	$3.875	03/16/2007		M			25,808	01/01/2000⁽⁵⁾	03/20/2007	Common Stock	25,808	⁽⁹⁾	0	D
NonQualified Stock Option (right to buy)	$3.875	03/16/2007		M			19,196	06/01/1997⁽⁶⁾	03/20/2007	Common Stock	19,196	⁽⁹⁾	0	D
NonQualified Stock Option (right to buy)	$3.875	03/16/2007		M			154,196	07/01/1998⁽⁷⁾	03/20/2007	Common Stock	154,196	⁽⁹⁾	0	D
NonQualified Stock Option (right to buy)	$3.875	03/16/2007		M			154,196	07/01/1999⁽⁸⁾	03/20/2007	Common Stock	154,196	⁽⁹⁾	0	D

Explanation of Responses:

1. Reporting person acquired shares of common stock upon exercise of nonqualified stock options granted 3/20/1997

2. Option was granted as an Incentive Stock Option and became a NonQualified Stock Option on the 91st day after Mr. Sharp's status changed from employee director to nonemployee director

3. Option vested with respect to 25,808 shares on an equal monthly basis between 1/1/1998 and 6/1/1998

4. Option vested with respect to 25,808 shares on an equal monthly basis between 1/1/1999 and 6/1/1999

5. Option vested with respect to 25,808 shares on an equal monthly basis between 1/1/2000 and 6/1/2000

6. Option vested with respect to 60,000 shares on an equal monthly basis between 7/1/1997 and 12/1/1997; and vested with respect to 34,196 shares on an equal monthly basis between 1/1/1998 and 6/1/1998

7. Option vested with respect to 90,000 shares on an equal monthly basis between 7/1/1998 and 12/1/1998; and vested with respect to 64,196 shares on an equal monthly basis between 1/1/1999 and 6/1/1999

8. Option vested with respect to 90,000 shares on an equal monthly basis between 7/1/1999 and 12/1/1999; and vested with respect to 64,196 shares on an equal monthly basis between 1/1/2000 and 6/1/2000

9. Stock option grant has no purchase price

Remarks:

	By Stephanie J. Welty, Attorney-in-fact	03/16/2007
	** 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.
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