SEC Filing | GSI Technology, Inc.

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SEC FORM 3 SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Tang Jing Rong

(Last)

(First)

(Middle)

HOLY STONE ENT. CO., LTD.

1FL, NO 62, SEC 2, HUANG SHAN ROAD

(Street)

TAIPEI

114

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2007

3. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]

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

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of 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

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)

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: 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	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	950,000	⁽³⁾	D
Series D Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	60,000	⁽³⁾	D
Series B Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	1,000,000	⁽³⁾	I	HolyStone Enterprises Co., Ltd.⁽⁴⁾
Series B Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	775,000	⁽³⁾	I	By Koowin Co., Ltd.⁽⁵⁾
Series D Preferred Stock	⁽¹⁾	⁽²⁾	Common Stock	400,000	⁽³⁾	I	HolyStone Enterprises Co., Ltd.⁽⁴⁾

Explanation of Responses:

1. Immediately

2. Not applicable

3. Each oustanding share of the Issuer's preferred stock will automatically be convered into one share of the Issuer's common stock immediately prior to the closing of a firm committment underwritten public offering.

4. Mr. Tang is Chief Executive Officer of HolyStone Enterprises Co., Ltd.

5. Mr. Tang is a director of Koowin Co., Ltd.

Remarks:

	Caroline Y. Wu	03/28/2007
	** 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 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).
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 Number.

                          LIMITED POWER OF ATTORNEY
                          FOR SECTION 16(a) REPORTING

	KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned hereby makes,
constitutes and appoints Douglas Schirle, Helen Chen and Caroline Y. Wu, and
each of them, as the undersigned's true and lawful attorney-in-fact (the
"Attorney-in Fact"), with full power of substitution and resubstitution, each
with the power to act alone for the undersigned and in the undersigned's name,
place and stead, in any and all capacities to:

	1.	prepare, execute and file with the Securities and Exchange
Commission, any national securities exchange or securities quotation system
and GSI Technology, Inc. (the "Company") any and all reports (including any
amendment thereto) of the undersigned required or considered advisable under
Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and
the rules and regulations thereunder, with respect to the equity securities of
the Company, including Forms 3, 4 and 5; and

	2.	obtain, as the undersigned's representative and on the
undersigned's behalf, information regarding transactions in the Company's
equity securities from any third party, including the Company and any brokers,
 dealers, employee benefit plan administrators and trustees, and the
undersigned hereby authorizes any such third party to release any such
information to the Attorney-in-Fact.

	The undersigned acknowledges that:

	1.	this Limited Power of Attorney authorizes, but does not
 require, the Attorney-in-Fact to act at his or her discretion on information
 provided to such Attorney-in-Fact without independent verification of such
information;

	2.	any documents prepared or executed by the Attorney-in-Fact on
 behalf of the undersigned pursuant to this Limited Power of Attorney will be
in such form and will contain such information as the Attorney-in-Fact, in
 his or her discretion, deems necessary or desirable;

	3.	neither the Company nor the Attorney-in-Fact assumes any
liability for the undersigned's responsibility to comply with the requirements
 of Section 16 of the Exchange Act, any liability of the undersigned for any
failure to comply with such requirements, or any liability of the undersigned
for disgorgement of profits under Section 16(b) of the Exchange Act; and

	4.	this Limited Power of Attorney does not relieve the
undersigned from responsibility for compliance with the undersigned's
obligations under Section 16 of the Exchange Act, including, without,
limitation, the reporting requirements under Section 16(a) of the Exchange Act.

	The undersigned hereby grants to the Attorney-in-Fact full power and
authority to do and perform each and every act and thing requisite, necessary
 or convenient to be done in connection with the foregoing, as fully, to all
 intents and purposes, as the undersigned might or could do in person, hereby
 ratifying and confirming all that the Attorney-in-Fact, or his or her
 substitute or substitutes, shall lawfully do or cause to be done by authority
 of this Limited Power of Attorney.

	This Limited Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 4 or 5 with respect
 to the undersigned's transactions in equity securities of the Company, unless
 earlier revoked by the undersigned in a signed writing delivered to the
Attorney-in-Fact.

	This Limited Power of Attorney shall be governed and construed in
accordance the laws of the State of California without regard to
conflict-of-law principles.

	IN WITNESS WHEREOF, the undersigned has executed this Limited Power of
 Attorney as of March 26, 2007.

						Signature: /s/ Jing Rong Tang

						Print Name:  Jing Rong Tang