FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Katz Avi S
2. Issuer Name and Ticker or Trading Symbol

GigPeak, Inc. [ GIG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

C/O GIGPEAK, INC., 130 BAYTECH DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

4/4/2017
(Street)

SAN JOSE, CA 95134
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   4/4/2017     U    319996   D $3.08   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (RSUs)   $0.00   4/4/2017     D         8050      (1)   (1) Common Stock   8050   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         29341      (1)   (1) Common Stock   29341   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         98125      (1)   (1) Common Stock   98125   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         200624      (1)   (1) Common Stock   200624   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         303238      (1)   (1) Common Stock   303238   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         375000      (1)   (1) Common Stock   375000   $3.08   0   D    
RSUs   $0.00   4/4/2017     D         694721      (1)   (1) Common Stock   694721   $3.08   0   D    
Stock Options   $0.73   4/4/2017     D         137500      (2)   (2) Common Stock   137500     (2) 0   D    
Stock Options   $0.73   4/4/2017     D         11919      (2)   (2) Common Stock   11919     (2) 0   D    
Stock Options   $0.73   4/4/2017     D         10312      (2)   (2) Common Stock   10312     (2) 0   D    
Stock Options   $0.73   4/4/2017     D         6875      (2)   (2) Common Stock   6875     (2) 0   D    
Stock Options   $1.10   4/4/2017     D         581338      (2)   (2) Common Stock   581338     (2) 0   D    
Stock Options   $0.95   4/4/2017     D         77764      (2)   (2) Common Stock   77764     (2) 0   D    
Stock Options   $3.50   4/4/2017     D         93176      (2)   (2) Common Stock   93176     (2) 0   D    
Stock Options   $3.50   4/4/2017     D         36824      (2)   (2) Common Stock   36824     (2) 0   D    
Stock Options   $1.95   4/4/2017     D         190305      (2)   (2) Common Stock   190305     (2) 0   D    
Stock Options   $1.95   4/4/2017     D         121100      (2)   (2) Common Stock   121100     (2) 0   D    
Stock Options   $1.95   4/4/2017     D         12695      (2)   (2) Common Stock   12695     (2) 0   D    
Stock Options   $2.40   4/4/2017     D         200877      (2)   (2) Common Stock   200877     (2) 0   D    
Stock Options   $2.40   4/4/2017     D         116115      (2)   (2) Common Stock   116115     (2) 0   D    
Stock Options   $2.40   4/4/2017     D         31353      (2)   (2) Common Stock   31353     (2) 0   D    
Stock Options   $2.50   4/4/2017     D         388473      (2)   (2) Common Stock   388473     (2) 0   D    
Stock Options   $2.50   4/4/2017     D         16891      (2)   (2) Common Stock   16891     (2) 0   D    
Stock Options   $2.65   4/4/2017     D         202412      (2)   (2) Common Stock   202412     (2) 0   D    
Stock Options   $2.65   4/4/2017     D         200000      (2)   (2) Common Stock   200000     (2) 0   D    
Stock Options   $2.65   4/4/2017     D         21800      (2)   (2) Common Stock   21800     (2) 0   D    
Stock Options   $2.70   4/4/2017     D         503906      (2)   (2) Common Stock   503906     (2) 0   D    
Stock Options   $2.70   4/4/2017     D         33594      (2)   (2) Common Stock   33594     (2) 0   D    

Explanation of Responses:
( 1)  As disclosed in the Schedule 14D-9 filed by the Issuer, pursuant to the Merger Agreement, each GigPeak RSU that is outstanding and is not an Assumed RSU (including GigPeak RSUs for which the vesting is solely accelerated due to the consummation of the transactions contemplated by the Merger Agreement pursuant to a contract in effect as of the date of the Merger Agreement) shall vest in full to the extent unvested and be cancelled immediately prior to the Effective Time and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the aggregate number of Shares subject to such GigPeak RSU immediately prior to the Effective Time and (b) the Offer Price. No GigPeak RSUs held by GigPeak directors or executive officers will be Assumed RSUs.
( 2)  Pursuant to the Merger Agreement, effective as of immediately prior to the Effective Time, (i) each GigPeak Option with an exercise price that is less than the Offer Price that is outstanding immediately prior to the Effective Time will be cancelled immediately prior to the Effective Time and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) the aggregate number of Shares subject to such GigPeak Option immediately prior to the Effective Time and (b) the excess of the Offer Price over the exercise price per share of such GigPeak Option; and (ii) each GigPeak Option with an exercise price equal to or greater than the Offer Price that is outstanding immediately prior to the Effective Time will be cancelled immediately prior to the Effective Time in exchange for no consideration.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Katz Avi S
C/O GIGPEAK, INC.
130 BAYTECH DRIVE
SAN JOSE, CA 95134
X
President and CEO

Signatures
/s/ Dr. Avi S. Katz 4/4/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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