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 *
Redpoint Ventures II, L.P.
  2. Issuer Name and Ticker or Trading Symbol
ENTROPIC COMMUNICATIONS INC [ENTR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
3000 SAND HILL ROAD. BUILDING 2, SUITE 290
3. Date of Earliest Transaction (Month/Day/Year)
12/12/2007
(Street)

MENLO PARK, CA 94025
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 12/12/2007   C   80,266 A (1) 80,266 I See Footnotes (4) (8)
Common Stock 12/12/2007   C   50,495 A (2) 130,761 I See Footnotes (4) (8)
Common Stock 12/12/2007   C   29,041 A (3) 159,802 I See Footnotes (4) (8)
Common Stock 12/12/2007   C   29,026 A (1) 29,026 I See Footnotes (5) (8)
Common Stock 12/12/2007   C   181,560 A (1) 181,560 I See Footnotes (6) (8)
Common Stock 12/12/2007   C   2,670,986 A (1) 2,670,986 I See Footnotes (7) (8)
Common Stock 12/12/2007   C   1,812,801 A (2) 4,483,787 I See Footnotes (7) (8)
Common Stock 12/12/2007   C   1,256,000 A (3) 5,739,787 I See Footnotes (7) (8)

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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
Series A Convertible Preferred Stock (1) 12/12/2007   C     80,266   (1)   (1) Common Stock 80,266 $ 0 0 I See Footnotes (4) (8)
Series A Convertible Preferred Stock (1) 12/12/2007   C     29,026   (1)   (1) Common Stock 29,026 $ 0 0 I See Footnotes (5) (8)
Series A Convertible Preferred Stock (1) 12/12/2007   C     181,560   (1)   (1) Common Stock 181,560 $ 0 0 I See Footnotes (6) (8)
Series A Convertible Preferred Stock (1) 12/12/2007   C     2,670,986   (1)   (1) Common Stock 2,670,986 $ 0 0 I See Footnotes (7) (8)
Series B Convertible Preferred Stock (2) 12/12/2007   C     50,495   (2)   (2) Common Stock 50,495 $ 0 0 I See Footnotes (4) (8)
Series B Convertible Preferred Stock (2) 12/12/2007   C     1,812,801   (2)   (2) Common Stock 1,812,801 $ 0 0 I See Footnotes (7) (8)
Series C Convertible Preferred Stock (3) 12/12/2007   C     29,041   (3)   (3) Common Stock 29,041 $ 0 0 I See Footnotes (4) (8)
Series C Convertible Preferred Stock (3) 12/12/2007   C     1,256,000   (3)   (3) Common Stock 1,256,000 $ 0 0 I See Footnotes (7) (8)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Redpoint Ventures II, L.P.
3000 SAND HILL ROAD. BUILDING 2
SUITE 290
MENLO PARK, CA 94025
    X    
REDPOINT TECHNOLOGY PARTNERS A 1 LP
3000 SAND HILL ROAD. BUILDING 2
SUITE 290
MENLO PARK, CA 94025
    X    
REDPOINT TECHNOLOGY PARTNERS Q 1 LP
3000 SAND HILL ROAD. BUILDING 2
SUITE 290
MENLO PARK, CA 94025
    X    
Redpoint Associates II, LLC
3000 SAND HILL ROAD. BUILDING 2
SUITE 290
MENLO PARK, CA 94025
    X    

Signatures

 /s/ John Walecka, Managing Director Redpoint Ventures II, LLC for Redpoint Ventures II, L.P its General Partner   12/13/2007
**Signature of Reporting Person Date

 /s/ John Walecka, Managing Director Redpoint Ventures I, LLC Redpoint Technology Partners A-1, L.P. its General Partner   12/13/2007
**Signature of Reporting Person Date

 /s/ John Walecka, Managing Director Redpoint Ventures I, LLC Redpoint Technology Partners Q-1, L.P. its General Partner   12/13/2007
**Signature of Reporting Person Date

 /s/ John Walecka, Managing Director Redpoint Ventures II, LLC Redpoint Associates II, LLC its General Partner   12/13/2007
**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) Each 2.7 shares of Series A Preferred Stock converted into one share of the Issuer's common stock upon the filing of the initial public offering for no additional consideration and had no expiration date.
(2) Each 3.25 shares of Series B Preferred Stock converted into one share of the Issuer's common stock upon the filing of the initial public offering for no additional consideration and had no expiration date.
(3) Each 3.25 shares of Series C Preferred Stock converted into one share of the Issuer's common stock upon the filing of the initial public offering for no additional consideration and had no expiration date.
(4) By Redpoint Associates II, LLC.
(5) By Redpoint Technology Partners A-I, L.P.
(6) By Redpoint Technology Partners Q-I, L.P.
(7) By Redpoint Ventures II, L.P.
(8) The voting and disposition of the shares held by Redpoint Ventures II, L.P. is determined by Redpoint Ventures II, LLC, its general partner. The voting and disposition of the shares held by Redpoint Technology Partners A-I, L.P. and Redpoint Technology Partners Q-I, L.P. is determined by Redpoint Ventures I, LLC, the general partner of Redpoint Technology Partners A-I, L.P. and Redpoint Technology Partners Q-I, L.P. Jeffery Brody, Thomas Dyal, Timothy Haley, G. Bradford Jones, John Walecka and Geoffrey Yang are the managing members of Redpoint Ventures I, LLC, Redpoint Ventures II, LLC and Redpoint Associates II, LLC and have shared voting and investment power over the shares held by Redpoint Ventures II, L.P., Redpoint Associates II, LLC, Redpoint Technology Partners A-I, L.P. and Redpoint Technology Partners Q-I, L.P. Messrs. Brody, Dyal, Haley, Jones, Walecka and Yang disclaim beneficial ownership of these shares except to the extent of their pecuniary interest therein.

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