X0303 4 2011-05-18 0 0001160958 INPHI Corp IPHI 0001134607 BANATAO DIOSDADO P C/O TALLWOOD VENTURE CAPITAL 400 HAMILTON AVENUE, SUITE 230 PALO ALTO CA 94301 1 0 0 0 Common Stock 2011-05-18 4 A 0 3982 0 A 3982 D Common Stock 2011-05-18 4 S 0 25500 20.0384 D 697536 I By Tallwood Partners, LLC Common Stock 516802 I By Banatao Children's Trust Common Stock 765739 I By Tallwood I, L.P. Common Stock 243384 I By Banatao Living Trust DTD 7/21/99 Common Stock 25909 I By Tallwood Management Co., LLC Common Stock 7317 I By Banatao Heritage Trust U/A DTD 5/7/01 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. Represents the weighted average sales price for a number of sale transactions effected at prices ranging from $20.00 to $20.20. The Reporting Person has provided to the issuer, and undertakes to provide upon request by the SEC staff, or any security holder of the issuer, information regarding the number of shares sold at each separate price within the range. The Reporting Person is the managing member of Tallwood Management Co. LLC, which is the general partner of Tallwood I, L.P. The Banatao Living Trust DTD 7/21/99 directly or indirectly holds 100% of the membership interests in Tallwood Management Co. LLC and Tallwood Partners, LLC. The Reporting Person, as a trustee of the Banatao Living Trust, hold shared voting and dispositive power over the securities held by these funds. The Reporting Person, as trustee of the Banatao Living Trust DTD 7/21/99, Banatao Children's Trust and the Banatao Heritage Trust U/A DTD 5/7/01, holds shared voting and dispositive power of the securities held by these trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein. /s/ Diosdado Banatao 2011-05-19