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 *
STEAD JERRE L
   2. Issuer Name and Ticker or Trading Symbol
CONEXANT SYSTEMS INC [CNXT] 		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)
4000 MACARTHUR BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
08/22/2006
(Street)

NEWPORT BEACH, CA 92660		 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               56,358 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 2.2 08/22/2006   A   10,000 (1)   08/22/2007(2) 08/22/2016 Common Stock 10,000 $ 0 10,000 I By LLLP
Stock Option (Right to Buy) $ 2.77               (3) 01/04/2009 Common Stock 59,012   59,012 I By LLLP
Stock Option (Right to Buy) $ 3.61               (3) 02/28/2011 Common Stock 19,678   19,678 I By LLLP
Stock Option (Right to Buy) $ 3.45 (4)               (3) 04/03/2012 Common Stock 19,671   19,671 I By LLLP
Stock Option (Right to Buy) $ 3.44               (3) 04/04/2012 Common Stock 19,673   19,673 I By LLLP
Stock Option (Right to Buy) $ 1.86               (3) 11/29/2012 Common Stock 78,679   78,679 I By LLLP
Stock Option (Right to Buy) $ 1.12             02/27/2004(3) 02/27/2013 Common Stock 20,000   20,000 I By LLLP
Stock Option (Right to Buy) $ 6.2               (3) 10/06/2013 Common Stock 10,000   10,000 I By LLLP
Stock Option (Right to Buy) $ 7.3             02/25/2005(2) 02/25/2014 Common Stock 10,000   10,000 I By LLLP
Stock Option (Right to Buy) $ 1.61             08/27/2005(2) 08/27/2014 Common Stock 10,000   10,000 I By LLLP
Stock Option (Right to Buy) $ 1.73 (1)             02/23/2006(2) 02/22/2015 Common Stock 10,000   10,000 I By LLLP
Stock Option (Right to Buy) $ 1.66 (1)             08/23/2006(2) 08/23/2015 Common Stock 10,000   10,000 I By LLLP
Stock Option (Right to Buy) $ 2.9             02/21/2007(2) 02/21/2016 Common Stock 10,000   10,000 I By LLLP

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STEAD JERRE L
4000 MACARTHUR BLVD.
NEWPORT BEACH, CA 92660		   X      

Signatures

 By: Jasmina Theodore Boulanger, Attorney-in-fact   08/22/2006
**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) Shares granted as compensation for services as a Director under the Directors Stock Plan.
(2) Options become exercisable in whole or part (but only for a whole number of shares) as to one-fourth of the option shares beginning on this date and as to an additional one-fourth of the option shares beginning on the first, second and third anniversaries thereof.
(3) Exercise date and vesting details previously disclosed.
(4) In connection with a spin-off transaction effected by the Issuer on June 27, 2002, an anti-dilution adjustment was made to the stock option to preserve its pre-transaction value. Accordingly, the Exercise Price of and number of shares subject to the option were adjusted.

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