Edgar Filing: SRIVASTAVA GAUTAM

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â SRIVASTAVA GAUTAM

2. Date of Event Requiring Statement (Month/Day/Year)
05/10/2011

3. Issuer Name and Ticker or Trading Symbol
LSI CORP [NYSE:LSI]

(Last)

(First)

(Middle)

C/O LSI CORPORATION,Â 1621 BARBER LANE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
EVP

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

MILPITAS,Â CAÂ 95035

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,000	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	Â ⁽¹⁾	08/06/2016	Common Stock	168,750	$ 5.09	D	Â
Employee Stock Option (right to buy)	Â ⁽²⁾	03/01/2017	Common Stock	140,625	$ 5.51	D	Â
Employee Stock Option (right to buy)	Â ⁽³⁾	03/01/2018	Common Stock	163,000	$ 6.18	D	Â
Restricted Stock Units	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	56,250	$ ⁽⁷⁾	D	Â
Restricted Stock Units	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	18,750	$ ⁽⁷⁾	D	Â
Restricted Stock Units	Â ⁽⁶⁾	Â ⁽⁶⁾	Common Stock	16,300	$ ⁽⁷⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SRIVASTAVA GAUTAM C/O LSI CORPORATION 1621 BARBER LANE MILPITAS,Â CAÂ 95035	Â	Â	Â EVP	Â

Signatures

Susan Solner Janjigian, by power of attorney		05/18/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	This option becomes exercisable in three equal annual installments beginning on August 6, 2011.
(2)	This option becomes exercisable in three equal annual installments beginning on March 1, 2012.
(3)	This option becomes exercisable in four equal annual installments beginning on March 1, 2012.
(4)	The restricted stock units vest in three equal annual installments beginning August 20 2011. Vested shares will be delivered to the reporting person following each vest date.
(5)	The restricted stock units vest in three equal annual installments beginning March 1, 2012. Vested shares will be delivered to the reporting person following each vest date.
(6)	The restricted stock units vest in four equal annual installments beginning March 1, 2012. Vested shares will be delivered to the reporting person following each vest date.
(7)	Each restricted stock unit represents a contingent right to receive one share of LSI common stock.

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