X0202 4 2007-04-03 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 2007-04-03 4 C 0 500000 A 754375 D Common Stock 2007-04-03 4 C 0 100000 A 854375 I By Monet Capital Fund S, LP Common Stock 2007-04-03 4 C 0 100000 A 954375 I By TEFA Capital, Inc. Common Stock 2007-04-03 4 C 0 263334 A 1217709 I By Monet Capital Fund 1, LP Common Stock 2007-04-03 4 C 0 263333 A 1481042 I By TEFA Capital, Inc. Common Stock 2007-04-03 4 C 0 200000 A 1681042 I By Monet Capital Fund S, LP Series B Preferred Stock 2007-04-03 4 C 0 500000 0 D Common Stock 500000 0 D Series B Preferred Stock 2007-04-03 4 C 0 100000 0 D Common Stock 100000 0 I By Monet Capital Fund S, LP Series B Preferred Stock 2007-04-03 4 C 0 100000 0 D Common Stock 100000 0 I By TEFA Capital, Inc. Series D Preferred Stock 2007-04-03 4 C 0 263334 0 D Common Stock 263334 0 I By Monet Capital Fund 1, LP Series D Preferred Stock 2007-04-03 4 C 0 263333 0 D Common Stock 263333 0 I By TEFA Capital, Inc. Series D Preferred Stock 2007-04-03 4 C 0 200000 0 D Common Stock 200000 0 I By Monet Capital Fund S, LP The Series B Preferred Stock converted into GSI Technology, Inc. common stock on a 1-for-1 basis and had no expiration date. The total amount of securities beneficially owned following the reported transactions is 1,681,042 which includes 754,375 securities owned directly, 300,000 securities owned by Monet Capital Fund S, LP, 363,333 owned by TEFA Capital, Inc. and 263,334 securities owned by Monet Capital Fund 1, LP. 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 Mondet 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. The Series D Preferred Stock converted into GSI Technology, Inc. common stock on a 1-for-1 basis and had no expiration date. Caroline Y. Wu 2007-04-05