ParkerVision, Inc.
PARKERVISION INC (Form: 4, Received: 10/18/2011 16:10:04)
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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HIGHTOWER WILLIAM A
2. Issuer Name and Ticker or Trading Symbol

PARKERVISION INC [ PRKR ]
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)

7915 BAYMEADOWS WAY, #400
3. Date of Earliest Transaction (MM/DD/YYYY)

10/15/2011
(Street)

JACKSONVILLE, FL 32256
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/15/2011     M    2500   A   (1) 42500   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Restricted Stock Units     (1) 10/15/2011     M         2500      (2)   (2) Common Stock   2500   $ 0   (1) 0   D  
 
Option (Right to Buy)   $0.89   10/17/2011     A      5000       10/15/2012   10/15/2018   Common Stock   5000   $ 0   5000   D  
 
Restricted Stock Units     (3) 10/17/2011     A      2500       10/15/2012     (3) Common Stock   2500   $ 0   (3) 2500   D  
 

Explanation of Responses:
( 1)  Each Restricted Stock Unit (RSU) entitles holder to one share of PRKR common stock upon vesting. The reporting person settled 2,500 RSUs.
( 2)  Shares vested on October 15, 2011 and were delivered to reporting person promptly after vesting.
( 3)  Each RSU entitles holder to one share of PRKR common stock upon vesting.

Remarks:
Transactions represent the vesting of 2010/2011 director RSU awards and the grant of the 2011/2012 director equity awards in accordance with ParkerVision's non-employee directors' compensation program.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HIGHTOWER WILLIAM A
7915 BAYMEADOWS WAY, #400
JACKSONVILLE, FL 32256
X



Signatures
/s/ William Hightower 10/18/2011
** Signature of Reporting Person Date


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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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