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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-08-049203.txt : 20080819
<SEC-HEADER>0001181431-08-049203.hdr.sgml : 20080819
<ACCEPTANCE-DATETIME>20080819200905
ACCESSION NUMBER:		0001181431-08-049203
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080815
FILED AS OF DATE:		20080819
DATE AS OF CHANGE:		20080819

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVANEX CORP
		CENTRAL INDEX KEY:			0001056794
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				943285348
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		40919 ENCYCLOPEDIA CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538
		BUSINESS PHONE:		5108974172

	MAIL ADDRESS:	
		STREET 1:		40919 ENCYCLOPEDIA CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PARKER SCOTT
		CENTRAL INDEX KEY:			0001419484

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29175
		FILM NUMBER:		081028823

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		510-897-4188

	MAIL ADDRESS:	
		STREET 1:		C/O AVANEX CORPORATION
		STREET 2:		40919 ENCYCLOPEDIA CIRCLE
		CITY:			FREMONT
		STATE:			CA
		ZIP:			94538
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd216484.xml
<DESCRIPTION>STATEMENT OF CHANGE IN BENEFICIAL OWNERSHIP ON FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-08-15</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001056794</issuerCik>
        <issuerName>AVANEX CORP</issuerName>
        <issuerTradingSymbol>AVNX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001419484</rptOwnerCik>
            <rptOwnerName>PARKER SCOTT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O AVANEX CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>40919 ENCYCLOPEDIA CIRCLE</rptOwnerStreet2>
            <rptOwnerCity>FREMONT</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94538</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Senior Vice President of Sales</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>26</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7450</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Includes 26 shares acquired under the Company's Officer and Director Share Purchase Plan on August 15, 2008.</footnote>
        <footnote id="F2">Includes 7,333 unvested Restricted Stock Units granted on December 21, 2007 that will vest according to the following schedule: 25% of the Restricted Stock Units awarded shall vest on each anniversary of November 27, 2007, such that 100% of the Restricted Stock Units will be fully vested on November 27, 2011, subject to the Reporting Person continuing to be a Service Provider through such date. This grant was previously reported as covering 110,000 unvested Restricted Stock Units and has been adjusted to reflect the 15-for-1 reverse stock split that the Company effected following the close of market on August 12, 2008.</footnote>
        <footnote id="F3">The total number of shares reported as beneficially owned has been adjusted to reflect the 15-for-1 reverse stock split that the Company effected following the close of market on August 12, 2008.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Richard C. Blake, Attorney-in-fact for Scott Parker</signatureName>
        <signatureDate>2008-08-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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