Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TAN LIP BU
  2. Issuer Name and Ticker or Trading Symbol
INPHI Corp [IPHI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
ONE CALIFORNIA ST., SUITE 2800
3. Date of Earliest Transaction (Month/Day/Year)
11/16/2010
(Street)

SAN FRANCISCO, CA 94111
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 11/16/2010   C   59,210 A (1) 59,210 I By Asian Venture Capital Investment Corporation (2) (3)
Common Stock 11/16/2010   C   59,210 A (1) 59,210 I By International Venture Capital Investment Corporation (2) (3)
Common Stock 11/16/2010   C   59,210 A (1) 59,210 I By International Venture Capital Investment III Corp. (2) (3)
Common Stock 11/16/2010   C   52,423 A (1) 52,423 I By Pacven Walden Ventures Parallel V-A C.V. (2) (3)
Common Stock 11/16/2010   C   52,423 A (1) 52,423 I By Pacven Walden Ventures Parallel V-B. C.V. (2) (3)
Common Stock 11/16/2010   C   62,642 A (1) 62,642 I By Pacven Walden Ventures Parallel VI, L.P. (2) (3)
Common Stock 11/16/2010   C   5,576 A (1) 5,576 I By Pacven Walden Ventures V Associates Fund, L.P. (2) (3)
Common Stock 11/16/2010   C   2,274,888 A (1) 2,274,888 I By Pacven Walden Ventures V, L.P. (2) (3)
Common Stock 11/16/2010   C   804,499 A (1) 804,499 I By Pacven Walden Ventures VI, L.P. (2) (3)
Common Stock 11/16/2010   C   36,672 A (1) 36,672 I By Pacven Walden Ventures V-QP
Common Stock 11/16/2010   C   40,705 A (1) 40,705 I By Seed Ventures III Ptd Ltd. (2) (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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
Series B Preferred Stock (1) 11/16/2010   C     23,260   (1)   (1) Common Stock 23,260 $ 0 0 I By Asian Venture Capital Investment Corporation (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     23,260   (1)   (1) Common Stock 23,260 $ 0 0 I By International Venture Capital Investment Corporation (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     23,260   (1)   (1) Common Stock 23,260 $ 0 0 I By International Venture Capital Investment III Corp. (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     18,425   (1)   (1) Common Stock 18,425 $ 0 0 I By Pacven Walden Ventures Parallel V-A C.V. (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     18,425   (1)   (1) Common Stock 18,425 $ 0 0 I By Pacven Walden Ventures Parallel V-B. C.V. (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     1,960   (1)   (1) Common Stock 1,960 $ 0 0 I By Pacven Walden Ventures V Associates Fund, L.P. (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     799,549   (1)   (1) Common Stock 799,549 $ 0 0 I By Pacven Walden Ventures V, L.P. (2) (3)
Series B Preferred Stock (1) 11/16/2010   C     12,889   (1)   (1) Common Stock 12,889 $ 0 0 I By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series B Preferred Stock (1) 11/16/2010   C     40,705   (1)   (1) Common Stock 40,705 $ 0 0 I By Seed Ventures III Ptd Ltd. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     28,094   (1)   (1) Common Stock 28,094 $ 0 0 I By Asian Venture Capital Investment Corporation (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     28,094   (1)   (1) Common Stock 28,094 $ 0 0 I By International Venture Capital Investment Corporation (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     28,094   (1)   (1) Common Stock 28,094 $ 0 0 I By International Venture Capital Investment III Corp. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     22,195   (1)   (1) Common Stock 22,195 $ 0 0 I By Pacven Walden Ventures Parallel V-A C.V. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     22,195   (1)   (1) Common Stock 22,195 $ 0 0 I By Pacven Walden Ventures Parallel V-B. C.V. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     54,466   (1)   (1) Common Stock 54,466 $ 0 0 I By Pacven Walden Ventures Parallel VI, L.P. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     2,361   (1)   (1) Common Stock 2,361 $ 0 0 I By Pacven Walden Ventures V Associates Fund, L.P. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     963,153   (1)   (1) Common Stock 963,153 $ 0 0 I By Pacven Walden Ventures V, L.P. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     699,488   (1)   (1) Common Stock 699,488 $ 0 0 I By Pacven Walden Ventures VI, L.P. (2) (3)
Series C Preferred Stock (1) 11/16/2010   C     15,527   (1)   (1) Common Stock 15,527 $ 0 0 I By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series D Preferred Stock (1) 11/16/2010   C     7,856   (1)   (1) Common Stock 7,856 $ 0 0 I By Asian Venture Capital Investment Corporation (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     7,856   (1)   (1) Common Stock 7,856 $ 0 0 I By International Venture Capital Investment Corporation (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     7,856   (1)   (1) Common Stock 7,856 $ 0 0 I By International Venture Capital Investment III Corp. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     6,214   (1)   (1) Common Stock 6,214 $ 0 0 I By Pacven Walden Ventures Parallel V-A C.V. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     6,214   (1)   (1) Common Stock 6,214 $ 0 0 I By Pacven Walden Ventures Parallel V-B. C.V. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     8,176   (1)   (1) Common Stock 8,176 $ 0 0 I By Pacven Walden Ventures Parallel VI, L.P. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     661   (1)   (1) Common Stock 661 $ 0 0 I By Pacven Walden Ventures V Associates Fund, L.P. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     269,653   (1)   (1) Common Stock 269,653 $ 0 0 I By Pacven Walden Ventures V, L.P. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     105,011   (1)   (1) Common Stock 105,011 $ 0 0 I By Pacven Walden Ventures VI, L.P. (2) (3)
Series D Preferred Stock (1) 11/16/2010   C     4,347   (1)   (1) Common Stock 4,347 $ 0 0 I By Pacven Walden Ventures V-QP Associates Fund, L.P.
Series E Preferred Stock (1) 11/16/2010   C     5,589   (1)   (1) Common Stock 5,589 $ 0 0 I By Pacven Walden Ventures Parallel V-A C.V. (2) (3)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TAN LIP BU
ONE CALIFORNIA ST., SUITE 2800
SAN FRANCISCO, CA 94111
  X      

Signatures

 /s/ Lip-Bu Tan   11/16/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The convertible preferred stock converted into shares of common stock on a one-for-one basis and has no expiration date.
(2) The Reporting Person is the sole director of Pacven Walden Management V Co. Ltd,. which is the general partner of Pacven Walden Ventures V, L.P., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B C.V., Pacven Walden Ventures V Associates Fund, L.P. and Pacven Walden Ventures V-QP Associates Fund, L.P., or Pacven V and affiliated funds. He is also the sole director of Pacven Walden Management VI Co. Ltd., which is the general partner of Pacven Walden Ventures VI, L.P. and Pacven Walden Ventures Parallel VI, L.P., or Pacven VI and Parallel Funds. The Reporting Person is also the president of each of Asian Venture Capital Investment Corporation, International Venture Capital Investment Corporation and International Venture Capital Investment III Corp. (Continued in footnote 3).
(3) The Reporting Person may be deemed to have shared voting and dispositive power over the shares which are, or may be, deemed to be beneficially owned by Asian Venture Capital Investment Corporation, International Venture Capital Investment Corporation, International Venture Capital Investment III Corp., Pacven Walden Ventures Parallel V-A C.V., Pacven Walden Ventures Parallel V-B. C.V., Pacven Walden Ventures Parallel VI, L.P., Pacven Walden Ventures V Associates Fund, L.P., Pacven Walden Ventures V, L.P., Pacven Walden Ventures VI, L.P., Pacven Walden Ventures V-QP Associates Fund, L.P. or Seed Ventures III Ptd Ltd., but disclaims such beneficial ownership except to the extent of his or her pecuniary interest therein.
 
Remarks:
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