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 *

Schaeffer Lamar
2. Issuer Name and Ticker or Trading Symbol

PLX TECHNOLOGY INC [ PLXT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

825 ELDERBERRY, LANE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/12/2014
(Street)

WEST CHESTER, PA 19380
(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   8/12/2014     D    1000.0   D $6.5   9000   D    
Common Stock   8/12/2014     D    9000.0   D $6.5   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
Non-Qualified Stock Option (right to buy)   $2.0   8/12/2014     D         100000.0      (1) 3/2/2016   Common Stock   100000   $4.5   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $3.73   8/12/2014     D         40000.0      (1) 3/1/2018   Common Stock   40000   $2.77   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $3.87   8/12/2014     D         10000.0      (1) 7/1/2016   Common Stock   10000   $2.63   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $4.1   8/12/2014     D         55000.0      (1) 4/2/2019   Common Stock   55000   $2.4   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $4.55   8/12/2014     D         75000.0      (1) 4/1/2020   Common Stock   75000   $1.95   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $4.92   8/12/2014     D         60000.0      (1) 3/1/2017   Common Stock   60000   $1.58   (2) 0   D    
Non-Qualified Stock Option (right to buy)   $5.94   8/12/2014     D         80000.0      (1) 6/2/2021   Common Stock   80000   $0.56   (2) 0   D    

Explanation of Responses:
( 1)  Vests 25% annually starting one year from the date of grant
( 2)  This option was cancelled in connection with the merger of PLX and a subsidiary of Avago Technologies Limited in exchange for a cash payment per share equal to the difference between $6.50 and the exercise price of the option, with the vested portion paid out immediately and the unvested portion paid out over a designated retention period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Schaeffer Lamar
825 ELDERBERRY
LANE
WEST CHESTER, PA 19380


Vice President Sales

Signatures
By: Arthur O. Whipple For: Lamar E. Schaeffer, Jr. 8/14/2014
** 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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