FORM 4
[ ] 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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Holtzinger Brad 		2. Issuer Name and Ticker or Trading Symbol

MIPS TECHNOLOGIES INC [ MIPS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP of WW Sales
(Last)          (First)          (Middle)

MIPS TECHNOLOGIES, INC., 955 EAST ARQUES AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/28/2010
(Street)

SUNNYVALE, CA 94085
(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   10/28/2010     M    43452   A $9.40   45357   (6) D    
Common Stock   10/28/2010     S    43452   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    1548   A $9.40   3453   (6) D    
Common Stock   10/28/2010     S    1548   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    13200   A $5.02   15105   (6) D    
Common Stock   10/28/2010     S    13200   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    200000   A $5.47   201905   (6) D    
Common Stock   10/28/2010     S    200000   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    18000   A $6.11   19905   (6) D    
Common Stock   10/28/2010     S    18000   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    6800   A $5.02   8705   (6) D    
Common Stock   10/28/2010     S    6800   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    59000   A $6.47   60905   (6) D    
Common Stock   10/28/2010     S    59000   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    5834   A $3.89   7739   (6) D    
Common Stock   10/28/2010     P    5834   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    5833   A $3.27   7738   (6) D    
Common Stock   10/28/2010     S    5833   D $13.616   (1) 1905   (6) D    
Common Stock   10/28/2010     M    2222   A $6.00   4127   (6) D    
Common Stock   10/28/2010     S    2222   D $13.616   (1) 1905   (6) D    
Common Stock   10/29/2010     M    75000   A $7.80   76905   (6) D    
Common Stock   10/29/2010     S    75000   D $14518   (5) 1905   (6) 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
Incentive Stock Option (right to buy)   $9.4   10/28/2010     M         43452      (2) 12/20/2011   Common Stock   43452   $0   0   D    
Non-Qualified Stock Option (right to buy)   $9.4   10/28/2010     M         1548      (2) 12/20/2011   Common Stock   1548   $0   0   D    
Incentive Stock Option (right to buy)   $5.02   10/28/2010     M         13200      (2) 7/29/2014   Common Stock   13200   $0   0   D    
Non-Qualified Stock Option (right to buy)   $5.47   10/28/2010     M         200000      (3) 10/27/2012   Common Stock   200000   $0   0   D    
Non-Qualified Stock Option (right to buy)   $6.11   10/28/2010     M         18000      (4) 10/27/2012   Common Stock   18000   $0   0   D    
Non-Qualified Stock Option (right to buy)   $5.02   10/28/2010     M         6800      (2) 7/29/2014   Common Stock   6800   $0   0   D    
Non-Qualified Stock Option (right to buy)   $6.47   10/28/2010     M         59000      (4) 8/15/2013   Common Stock   59000   $0   0   D    
Non-Qualified Stock Option (right to buy)   $3.89   10/28/2010     M         5834      (4) 8/15/2015   Common Stock   5834   $0   19444   D    
Non-Qualified Stock Option (right to buy)   $3.27   10/28/2010     M         5833      (4) 8/17/2016   Common Stock   5833   $0   42778   D    
Non-Qualified Stock Option (right to buy)   $6.00   10/28/2010     M         2222      (4) 8/16/2017   Common Stock   2222   $0   37778   D    
Non-Qualified Stock Option (right to buy)   $7.80   10/29/2010     M         75000      (4) 8/15/2014   Common Stock   75000   $0   0   D    

Explanation of Responses:
( 1)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.50 to $13.90, inclusive. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
( 2)  Twenty-four percent (24%) of the Share s subject to this Option shall vest twelve (12) months after ther Vesting Commencement Date, and two percent (2%) of the Shares subject to this Option shall vest on each monthly anniversary of the Vesting Commencement Date.
( 3)  One-third (1/3) of the shares subject to this option shall vest twelve (12) months after the grant date and one thirty-sixth (1/36) of the shares shall vest on each monthly anniversary of the grant date thereafter.
( 4)  This option will vest over thirty-six (36) months at a rate of one thirty-sixth (1/36) per month beginning with the first monthly anniversary of the Grant Date.
( 5)  The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.40 to $14.63, inclusive. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
( 6)  Includes 1,905 shares acquired under the Employee Stock Purchase Plan on October 29, 2010.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Holtzinger Brad
MIPS TECHNOLOGIES, INC.
955 EAST ARQUES AVENUE
SUNNYVALE, CA 94085

VP of WW Sales

Signatures
Brad Holtzinger 10/29/2010
** 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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