GSI Technology, Inc. Officer and Director Adopt Rule 10b5-1 Trading Plans

Sep 14, 2007

SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 14, 2007--GSI Technology, Inc. (Nasdaq:GSIT) today announced that the Company's Chief Financial Officer, Douglas Schirle, and a member of its Board of Directors, Hsiang-Wen Chen, have each adopted a stock trading plan in accordance with Rule 10b5-1(c) under the Securities and Exchange Act of 1934 and GSI's insider trading policies.

Rule 10b5-1 plans may be entered into by a corporate officer or director when he or she is not in possession of material, non public information. The rule permits officers and directors of public companies to adopt predetermined plans for the future sale of specified amounts of securities, on specified dates and at specified prices, on a non-discretionary basis, even if they subsequently become aware of material, non-public information. Using Rule 10b5-1 plans, insiders can gradually diversify their investment portfolios, can spread stock trades out over an extended period of time to reduce market impact and can avoid concerns about whether they had material, non-public information when their stock is sold.

Under the stock trading plans adopted by Messrs. Schirle and Chen, they may sell up to 75,000 shares and 360,000 shares, respectively, of GSI Technology common stock. Trading under the plans will not begin earlier than October 1, 2007, and the plans will terminate upon the earlier of the sale of the shares and March 31, 2009. Some of the shares to be sold under the plans will be acquired through the exercise of employee stock options, including options that are scheduled to expire soon after the expiration of the plans. Whenever sales of shares are made by either individual pursuant to his stock trading plan, the sales will be reported through required Form 144 and Form 4 filings with the Securities and Exchange Commission.

About GSI Technology

Founded in 1995, GSI Technology, Inc. is a leading provider of high-performance static random access memory, or SRAM, products primarily incorporated in networking and telecommunications equipment. Headquartered in Santa Clara, California, GSI Technology is ISO 9001 certified and has worldwide factory and sales locations. For more information, please visit www.gsitechnology.com.

CONTACT: GSI Technology, Inc. 
Douglas M. Schirle, Chief Financial Officer, 
408-980-8388

SOURCE: GSI Technology, Inc.