X0303 4 2008-11-15 0 0000885551 VALENCE TECHNOLOGY INC VLNC 0000901719 BERG CARL E C/O BERG & BERG DEVELOPERS 10050 BANDLEY DR CUPERTINO CA 95014 1 0 1 0 COMMON STOCK 2008-11-15 4 P 0 1666618 1.88 A 30170671 D COMMON STOCK 23415720 D COMMON STOCK 2469506 D THESE SECURITIES ARE OWNED BY BERG & BERG ENTERPRISES, LLC ("BB"), A MEMBER OF THE REPORTING GROUP. THE DESIGNATED BENEFICIAL OWNER DISCLAIMS BENEFICIAL OWNERSHIP EXCEPT TO THE EXTENT OF THEIR RESPECTIVE PECUNIARY INTERESTS THEREIN. THESE SECURITIES ARE OWNED BY WEST COAST VENTURE CAPITAL, INC. ("WCVC"), A MEMBER OF THE REPORTING GROUP. THE DESIGNATED BENEFICIAL OWNER DISCLAIMS BENEFICIAL OWNERSHIP EXCEPT TO THE EXTENT OF THEIR RESPECTIVE PECUNIARY INTERESTS THEREIN. THESE SECURITIES ARE OWNED BY CARL E. BERG, THE DESIGNATED BENEFICIAL OWNER FOR THE REPORTING GROUP. THE DESIGNATED BENEFICIAL OWNER DISCLAIMS BENEFICIAL OWNERSHIP EXCEPT TO THE EXTENT OF HIS RESPECTIVE PECUNIARY INTERESTS THEREIN. BB PURCHASED 1,666,618 SHARES OF COMMON STOCK FROM THE COMPANY BY SURRENDERING PROMISSORY NOTES PAYABLE TO BB FROM THE COMPANY. CARL E. BERG, AS AN INDIVIDUAL, AS MANAGER OF BB, AND AS PRESIDENT OF WCVC 2008-11-20