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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1. Name and Address of Reporting Person * Korgav Ibrahim   2. Issuer Name and Ticker or Trading Symbol NETLOGIC MICROSYSTEMS INC [NETL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr VP of Business Operations (Last) (First) (Middle) 3975 FREEDOM CIRCLE, 9TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 05/10/2011 (Street) SANTA CLARA, CA 95054 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 05/10/2011   M   5,000 A $ 11.97 55,589 D   Common Stock 05/10/2011   S   5,000 D $ 40 50,589 D   Common Stock 05/12/2011   M   3,718 A $ 11.97 54,307 D   Common Stock 05/12/2011   M   1,008 A $ 13.34 55,315 D   Common Stock 05/12/2011   M   274 (1) A $ 13.93 (1) 55,589 D   Common Stock 05/12/2011   S   5,000 D $ 40 50,589 D

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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

Stock Option (right to buy)

$ 11.97

05/10/2011

M

5,000

01/30/2008

01/29/2017

Common Stock

8,718

$ 0

3,718

D

Stock Option (right to buy)

$ 11.97

05/12/2011

M

3,718

01/30/2008

01/29/2017

Common Stock

3,718

$ 0

0

D

Stock Option (right to buy)

$ 16.86

05/12/2011

M

1,008

02/23/2007

02/22/2016

Common Stock

1,008

$ 0

0

D

Stock Option (right to buy)

$ 13.93 (1)

05/12/2011

M

274 (1)

01/07/2009

01/06/2018

Common Stock

16,500 (1)

$ 0

16,226 (1)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Korgav Ibrahim 3975 FREEDOM CIRCLE 9TH FLOOR SANTA CLARA, CA 95054			Sr VP of Business Operations

Signatures

/s/ Roland B. Cortes, by power of attorney		05/12/2011
**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)	On February 16, 2010, NetLogic Microsystems Inc. declared a stock dividend, payable to all holders of record of common stock on March 5, 2010, of one share of common stock for each share of common stock outstanding. As a result, and pursuant to anti-dilution provisions of NetLogic Microsystems' equity incentive plans, this option which was previously reported as an option for 8,250 shares of common stock at an exercise price of $27.86 per share, was adjusted to 16,500 shares of common stock at an exercise price of $13.93 per share.

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