X0202 3 2007-03-28 0 0001126741 GSI TECHNOLOGY INC GSIT 0001393918 Chen Hsiang-Wen MONET CAPITAL, LLC 2450 SCOTT BLVD., SUITE 303 SANTA CLARA CA 95050 1 0 0 0 Common Stock 254375 D Series B Preferred Stock Common Stock 500000 D Series B Preferred Stock Common Stock 100000 I By Monet Capital Fund S, LP Series B Preferred Stock Common Stock 100000 I By TEFA Capital, Inc. Series D Preferred Stock Common Stock 263334 I By Monet Capital Fund 1, LP Series D Preferred Stock Common Stock 263333 I By TEFA Capital, Inc. Series D Preferred Stock Common Stock 200000 I By Monet Capital Fund S, LP Immediately Not applicable Each oustanding share of the Issuer's preferred stock will automatically be convered into one share of the Issuer's common stock immediately prior to the closing of a firm committment underwritten public offering. Dr. Chen is managing director of Monet Capital, LLC and has an equity interest in Monet Capital Fund S, LP, Monet Capital Fund 1, LP and TEFA Capital, Inc. Dr. Chen disclaims beneficial ownership of these securities held by Monet Capital Fund S, LP, Monet Capital Fund 1, LP and TEFA Capital, Inc. except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose. Caroline Y. Wu, Attorney-in-Fact 2007-03-28