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
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
AALAEI FARAJ

(Last) (First) (Middle)
3 ENTERPRISE DRIVE

(Street)
SHELTON CT 06484

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/24/2008
3. Issuer Name and Ticker or Trading Symbol
TRANSWITCH CORP /DE [ TXCC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
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 .001 par value 424,584 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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit 08/06/2009 (1) Common Stock .001 Par Value 76,501 $0.00 D
Employee Stock Option (Right to Buy) 10/24/2008 08/06/2017 Common Stock .001 par value 138,066 $1.02 D
Employee Stock Option (Right to Buy) 10/24/2008 08/06/2017 Common Stock .001 par value 69,031 $1.02 D
Employee Stock Option (Right to Buy) 10/24/2008 01/18/2015 Common Stock .001 par value 77,187 $1.64 D
Employee Stock Option (Right to Buy) 10/24/2008 01/18/2015 Common Stock .001 par value 695,563 $1.64 D
Employee Stock Option (Right to Buy) 10/24/2008 11/19/2012 Common Stock .001 par value 6 $1.66 D
Employee Stock Option (Right to Buy) 10/24/2008 11/19/2012 Common Stock .001 par value 386,369 $1.66 D
Employee Stock Option (Right to Buy) 10/24/2008 07/20/2016 Common Stock .001 par value 162,278 $1.7 D
Employee Stock Option (Right to Buy) 10/24/2008 02/16/2014 Common Stock .001 par value 32,264 $3.1 D
Employee Stock Option (Right to Buy) 10/24/2008 02/16/2014 Common Stock .001 par value 709,577 $3.1 D
Explanation of Responses:
1. This instrument has no expiration date.
Faraj Aalaei 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 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.