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 *
Chittipeddi Sailesh
   2. Issuer Name and Ticker or Trading Symbol
CONEXANT SYSTEMS INC [CNXT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Ex VP Global Oper. & CTO
(Last)
(First)
(Middle)
4000 MACARTHUR BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
01/02/2009
(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 01/02/2009   F   10,638 (1) D $ 0.77 14,962 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) $ 26.5             06/07/2007(2) 06/07/2014 Common Stock 17,500   17,500 D  
Stock Option (Right to Buy) $ 14.1             05/15/2008(3) 05/15/2015 Common Stock 20,000   20,000 D  
Stock Option (Right to Buy) $ 5.9             02/28/2009(4) 02/20/2016 Common Stock 25,000   25,000 D  
Stock Option (Right to Buy) $ 26.5             06/07/2009(4) 06/07/2014 Common Stock 7,500   7,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chittipeddi Sailesh
4000 MACARTHUR BLVD.
NEWPORT BEACH, CA 92660		       Ex VP Global Oper. & CTO  

Signatures

 /s/ Jasmina T. Boulanger, Attorney-in-fact, Sailesh Chittipeddi   01/06/2009
**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 April 14, 2008, the reporting person was granted a Performance Share Award -Time Vested, for 25,000 shares (adjusted for 1-for-10 reverse stock split which became effective on June 30, 2008). The Award vested in full on January 2, 2009, and was settled in net shares. This number represents the shares withheld to satisfy the reporting person's tax obligation.
(2) Options become exercisable in whole or part (but only in whole number shares) as to one-fourth of the option shares on this date and as to an additional one-fourth of the option shares beginning on the first, second and third anniversaries thereof.
(3) Options become exercisable in whole or part (but only in whole number shares) as to 50% of the option shares on the first anniversary of the grant and 25% on each of the second and third anniversaries of the grant.
(4) Options become exercisable in whole or part (but only in whole number shares) as to one-half of the option shares beginning on this date, and as to an additional one-half of the option shares on the first anniversary thereof.

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