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<title>May 2 2007 S-8 DOC</title>
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As filed with the Securities and Exchange Commission on May 2, 2007<BR>
                                               Registration No. 333- &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</P></B></font>

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<P>&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="forms-8.pdf"> PDF provided as courtesy </A>

<font size="2"><B><p align="center">
UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P></font></B>

<HR align=center SIZE=2 width="25%">
<BR>
<font size="4"><B><p align="center">FORM S-8</B><BR>
<font size="2"><B>
                             REGISTRATION STATEMENT<BR>
<I>                                    Under The Securities Act of 1933</I>
</B>

<HR align=center SIZE=2 width="25%">
<P ALIGN="CENTER"><IMG SRC="logo.gif">
<font size="4"><B><p align="center">
                          CENTILLIUM COMMUNICATIONS, INC.
</B></font><BR>
<font size="1">
                    (Exact name of Registrant as specified in its charter)



<P>&nbsp;
<TABLE COLS=2 WIDTH="100%" >
<TR>
<TD>
<font size="2"><B>
<CENTER><u>Delaware</u></CENTER>
</font></B>
</TD>
<TD>
<font size="2"><B>
<CENTER><u>94-3263530</u></CENTER>
</font></B>
</TD>
</TR>
<TR>
<TD>
<font size="1">
<CENTER>&nbsp; (State or Other Jurisdiction of Incorporation or Organization)&nbsp;</CENTER>
</font>
</TD>
<TD>
<font size="1">
<CENTER>(I.R.S. Employer Identification Number)</CENTER>
</font>
</TD>
</TR>
</TABLE>
<BR>

<font size="2"><B><p align="center">
                             255 Fourier Avenue
                       Fremont, California &nbsp;&nbsp;  94538
    </B></font><BR>

<font size="1">
       (Address of principal executive offices, including zip code)</P>

<HR align=center SIZE=2 width="25%">
<p align="center"><font size="2"><B>
                     1997 Stock Plan<BR>
                  2000 Employee Stock Purchase Plan<BR>
</B><font size="1">
                        (Full title of the plans)
</font></P>
<HR align=center SIZE=2 width="25%">
<BR>
<p align="center"><font size="2"><B>
                                  Faraj Aalaei<BR>
                             Chief Executive Officer<BR>
                             255 Fourier Avenue <BR>
                              Fremont, California 94539<BR>
                               (510) 771-3700<BR>
</B><font size="1">
              (Name, address and telephone number, including
                        area code, of agent for service)
</font></P>
<p align="center"><font size="2"><B>
                                  Copies to:<BR>
                                  David R. Lamarre, Esq.<BR>
                  Pillsbury Winthrop Shaw Pittman LLP<BR>
                                P.O. Box 7880<BR>
                       San Francisco, CA 94120<BR>
                            (415) 983-1000</P></B>

<P ALIGN="CENTER">&#9;CALCULATION OF REGISTRATION FEE</P>

<TABLE BORDER CELLSPACING=2 BORDERCOLOR="#000000" CELLPADDING=9 WIDTH=100%>
<TR><TD WIDTH="37%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Title of Each Class of<BR>
Securities to be Registered</B></FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount<BR>
to be<BR>
Registered (1)(2)</B></FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Offering Price<BR>
Per Share</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Aggregate<BR>
Offering Price</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">Amount of<BR>
Registration Fee</B></FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP">

<FONT SIZE=1><P>Common stock, $0.001 par value, issuable under the 1997 Stock Plan&#9;
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">2,468,838</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="CENTER">$ 1.935 (3)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 4,777,201.53</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$146.66</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP">

<FONT SIZE=1><P>Common stock, $0.001 par value, issuable under the 2000 Employee Stock Purchase Plan&#9;
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">400,000</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="CENTER">$ 1.6448 (4)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$657,920.00</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$20.20</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP">
<B><FONT SIZE=1><P>Total</B>&#9;</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">2,868,838</B></FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="CENTER">N/A</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 5,435,121.53</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$166.86</B></FONT></TD>
</TR>
</TABLE>
<DIR>

<FONT SIZE=1><P>(1)&#9;This Registration Statement shall also cover any additional shares of Common Stock which become issuable by reason of any
stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number
of the outstanding shares of Common Stock.</P>

<FONT SIZE=1><P>(2)&#9;Associated with the Common Stock are Series A Participating Preferred Stock Purchase Rights that will not be exercisable or evidenced separately
from the Common Stock prior to the occurrence of certain events.</P>

<FONT SIZE=1><P>(3)&#9;With respect to the 2,468,838 shares of Common Stock to be registered under the 1997 Stock Plan, the estimated Proposed Maximum Offering Price
Per Share was determined pursuant to Rule 457(h) and Rule 457(c) to be the average of the high and low price reported on the NASDAQ Global Market on
April 25, 2007, which average was $1.935 per share. </P>
</DIR>

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<P style="PAGE-BREAK-BEFORE: always" align=left>

<DIR>


<FONT SIZE=1><P>(4)&#9;With respect to the 400,000 shares of Common Stock to be registered under the 2000 Employee Stock Purchase Plan, the estimated Proposed
Maximum Offering Price Per Share was determined pursuant to Rule&nbsp;457(h) and Rule 457(c) to be equal to 85% (see explanation in following
sentence) of the average of the high and low price reported on the NASDAQ Global Market on April 25, 2007, which amount is equal to $1.6448 per
share. Pursuant to the Employee Stock Purchase Plan, the Purchase Price of a share of Common Stock is equal to 85% of the Fair Market Value of a share
of Common Stock on the Enrollment Date or the Exercise Date (as such terms are defined in the Employee Stock Purchase Plan), whichever is
lower.</P>
</DIR>
<FONT SIZE=2>

<P> &nbsp; </P>
<P> &nbsp; </P>
<P> &nbsp; </P>
<P> &nbsp; </P>
<P> &nbsp; </P>
<P> &nbsp; </P>


<P align="center" style="font-size: 10pt;">2
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<B><P>Explanatory Note:</P></B>

<P>This Registration Statement relates to 2,468,838 and 400,000 shares of common stock of Centillium Communications, Inc. (the "Registrant")
that may be issued under the Registrant's 1997 Stock Plan and 2000 Employee Stock Purchase Plan, respectively, as a result of certain automatic annual
increases in the number of authorized shares for issuance under such plans.</P>

<B><P ALIGN="CENTER">INFORMATION REQUIRED PURSUANT<BR>
TO GENERAL INSTRUCTION E TO FORM&nbsp;S-8</P>
<P>General Instruction E Information</P>
</B><P>This Registration Statement is being filed for the purpose of increasing the number of securities of the same class as other securities for which a
Registration Statement of the Registrant on Form&nbsp;S-8 relating to the same employee benefit plans is effective.</P>
<P>Registrant's Form&nbsp;S-8 Registration Statements filed with the Securities and Exchange Commission on October&nbsp;24, 2000 (File
No.&nbsp;333-48534), March&nbsp;6, 2001 (File No. 333-56610), March 29, 2002 (File No. 333-85236), February&nbsp;18, 2003 (File No. 333-103271),
March&nbsp;5, 2004 (File No. 333-113318), March&nbsp;11, 2005 (File No. 333-123280) and March&nbsp;16, 2006 (File No. 333-132485) are hereby
incorporated by reference.</P>

<B><P ALIGN="CENTER">PART II</P>
<P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>
<P>Item 3.</B> <B>Incorporation of Documents by Reference.</P>
</B><P>There are hereby incorporated by reference into this Registration Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the "Commission") by Centillium Communications, Inc.:</P>

<OL>

<LI>The Registrant's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the Commission on March 16, 2007;</LI>
<LI>The Company's Current Reports on Form 8-K filed with the Commission on January 30, 2007, February 7, 2007 (excluding the portion thereof furnished
under Item&nbsp;2.02 of Form&nbsp;8-K) and March 7, 2007;</LI>
<LI>The description of Registrant's Common Stock contained in Registrant's Registration Statement on Form 8-A, filed with the Commission on
May&nbsp;17, 2000; and</LI>
<LI>The description of Registrant's Series&nbsp;A Participating Preferred Stock Purchase Rights contained in Registrant's Registration Statement on
Form&nbsp;8-A, filed with the Commission on December&nbsp;31, 2002.</LI>
</OL>

<P>In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (excluding any
portions thereof furnished under Items&nbsp;2.02 or 7.01 of Form&nbsp;8-K) after the date of this Registration Statement on Form&nbsp;S-8 and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold or which deregisters all securities then


<P align="center" style="font-size: 10pt;">II-3
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<P style="PAGE-BREAK-BEFORE: always" align=left>

<P>
remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing such documents.</P>

<B><P>Item 8.</B> <B>Exhibits.</P></B>

<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=588>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P>Exhibit<BR>
<U>Number</B></U></TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<B><U><FONT SIZE=2><P>Exhibit</B></U></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">5.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Opinion of Pillsbury Winthrop Shaw Pittman LLP</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Consent of Ernst &amp; Young LLP, Independent Registered Public Accounting Firm </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">24.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Power of Attorney (see signature page)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">99.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Centillium Communications, Inc. Amended and Restated 1997 Stock Plan (previously filed as an exhibit to Registrant's Form 8-K filed with the
Commission on July&nbsp;26, 2006 and incorporated herein by reference)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">99.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously filed as an exhibit to Registrant's Form S-8 filed with the Commission
on March 6, 2001 and incorporated herein by reference)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt;">II-4
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<B><P>SIGNATURES</P>
</B><P>Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Fremont, State of California, on the second day of May, 2007.</P>
<TABLE CELLSPACING=0 BORDER=0 WIDTH=633>
<TR><TD WIDTH="34%" VALIGN="MIDDLE">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Centillium Communications, Inc. </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="64%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE">
<FONT SIZE=2><P ALIGN="RIGHT">&nbsp;By: </FONT></TD>
<TD WIDTH="66%" VALIGN="MIDDLE" COLSPAN=2>
<U><FONT SIZE=2><P>/s/ Faraj Aalaei </U></FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE">
<P>&nbsp;</TD>
<TD WIDTH="66%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Faraj Aalaei </FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="MIDDLE">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="MIDDLE" COLSPAN=2>
<FONT SIZE=2><P>Chief Executive Officer </FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">POWER OF ATTORNEY</P>
</B><P>KNOW ALL PERSONS BY THESE PRESENTS, that each such person whose signature appears below constitutes and appoints, jointly and
severally, Faraj Aalaei and Linda C. Reddick his true and lawful attorneys-in-fact, each with full power of substitution, for him in any and all capacities, to
sign any amendments to this Registration Statement on Form&nbsp;S-8 (including post-effective amendments), and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact, and each of them, full power and authority
to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person,
hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.</P>
<P>Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:</P>

<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=8 WIDTH=648>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>Signature</U></FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<U><FONT SIZE=2><P>Title</U></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<U><FONT SIZE=2><P>Date</U></FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Kamran Elahian </U><BR>
Kamran Elahian</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Chairman of the Board</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Faraj Aalaei </U><BR>
Faraj Aalaei </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Chief Executive Officer and Director (Principal Executive Officer) </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Linda C. Reddick </U><BR>
Linda C. Reddick </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Interim Chief Financial Officer (Principal Financial and Accounting Officer) </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Jere Drummond </U><BR>
Jere Drummond</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Sam Srinivasan </U><BR>
Sam Srinivasan<U> </U></FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007</FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Robert C. Hawk </U><BR>
Robert C. Hawk</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP">
<FONT SIZE=2><P>Director</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=2><P>May 2, 2007</FONT></TD>
</TR>
</TABLE>


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<B>
<P ALIGN="CENTER">INDEX TO EXHIBITS</P></B>

<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=85%>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<B><FONT SIZE=2><P>Exhibit<BR>
<U>Number</B></U></TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<B><U><FONT SIZE=2><P ALIGN="CENTER">Exhibit</B></U></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">5.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P><A HREF="exh5-1.htm">Opinion of Pillsbury Winthrop Shaw Pittman LLP</A>
&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="exhibit5-1.pdf"> PDF provided as courtesy </A>
</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P><A HREF="exh23-1.htm">Consent of Ernst &amp; Young LLP, Independent Registered Public Accounting Firm</A>
&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="exhibit23-1.pdf"> PDF provided as courtesy </A>
</FONT></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">23.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">24.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>Power of Attorney (see signature page)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">99.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>
<A HREF="http://www.sec.gov/Archives/edgar/data/1107194/000110719406000018/exh10-52.htm">
Centillium Communications, Inc. Amended and Restated 1997 Stock Plan (previously filed as an exhibit to Registrant's Form 8-K filed with the
Commission on July&nbsp;26, 2006 and incorporated herein by reference)</A></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">99.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>
<A HREF="http://www.sec.gov/Archives/edgar/data/1107194/000101287001001073/0001012870-01-001073-0004.txt">
Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously filed as an exhibit to Registrant's Form S-8 filed with the Commission
on March 6, 2001 and incorporated herein by reference)</A></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE=2><P>&nbsp;</TD>
</TR>
</TABLE>

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<P style="PAGE-BREAK-BEFORE: always" align=left>




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May 2 2007 S-8 DOC
As filed with the Securities and Exchange Commission on May 2, 2007
Registration No. 333-
PDF provided as courtesy
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under The Securities Act of 1933
CENTILLIUM COMMUNICATIONS, INC.
(Exact name of Registrant as specified in its charter)
Delaware
94-3263530
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification Number)
255 Fourier Avenue
                       Fremont, California     94538
(Address of principal executive offices, including zip code)
1997 Stock Plan
2000 Employee Stock Purchase Plan
(Full title of the plans)
Faraj Aalaei
Chief Executive Officer
255 Fourier Avenue
Fremont, California 94539
(510) 771-3700
(Name, address and telephone number, including
                        area code, of agent for service)
Copies to:
David R. Lamarre, Esq.
Pillsbury Winthrop Shaw Pittman LLP
P.O. Box 7880
San Francisco, CA 94120
(415) 983-1000
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount
to be
Registered (1)(2)
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration Fee
Common stock, $0.001 par value, issuable under the 1997 Stock Plan
2,468,838
$ 1.935 (3)
$ 4,777,201.53
$146.66
Common stock, $0.001 par value, issuable under the 2000 Employee Stock Purchase Plan
400,000
$ 1.6448 (4)
$657,920.00
$20.20
Total
2,868,838
N/A
$ 5,435,121.53
$166.86
(1)	This Registration Statement shall also cover any additional shares of Common Stock which become issuable by reason of any
stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number
of the outstanding shares of Common Stock.
(2)	Associated with the Common Stock are Series A Participating Preferred Stock Purchase Rights that will not be exercisable or evidenced separately
from the Common Stock prior to the occurrence of certain events.
(3)	With respect to the 2,468,838 shares of Common Stock to be registered under the 1997 Stock Plan, the estimated Proposed Maximum Offering Price
Per Share was determined pursuant to Rule 457(h) and Rule 457(c) to be the average of the high and low price reported on the NASDAQ Global Market on
April 25, 2007, which average was $1.935 per share.
(4)	With respect to the 400,000 shares of Common Stock to be registered under the 2000 Employee Stock Purchase Plan, the estimated Proposed
Maximum Offering Price Per Share was determined pursuant to Rule 457(h) and Rule 457(c) to be equal to 85% (see explanation in following
sentence) of the average of the high and low price reported on the NASDAQ Global Market on April 25, 2007, which amount is equal to $1.6448 per
share. Pursuant to the Employee Stock Purchase Plan, the Purchase Price of a share of Common Stock is equal to 85% of the Fair Market Value of a share
of Common Stock on the Enrollment Date or the Exercise Date (as such terms are defined in the Employee Stock Purchase Plan), whichever is
lower.
2
Explanatory Note:
This Registration Statement relates to 2,468,838 and 400,000 shares of common stock of Centillium Communications, Inc. (the "Registrant")
that may be issued under the Registrant's 1997 Stock Plan and 2000 Employee Stock Purchase Plan, respectively, as a result of certain automatic annual
increases in the number of authorized shares for issuance under such plans.
INFORMATION REQUIRED PURSUANT
TO GENERAL INSTRUCTION E TO FORM S-8
General Instruction E Information
This Registration Statement is being filed for the purpose of increasing the number of securities of the same class as other securities for which a
Registration Statement of the Registrant on Form S-8 relating to the same employee benefit plans is effective.
Registrant's Form S-8 Registration Statements filed with the Securities and Exchange Commission on October 24, 2000 (File
No. 333-48534), March 6, 2001 (File No. 333-56610), March 29, 2002 (File No. 333-85236), February 18, 2003 (File No. 333-103271),
March 5, 2004 (File No. 333-113318), March 11, 2005 (File No. 333-123280) and March 16, 2006 (File No. 333-132485) are hereby
incorporated by reference.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
There are hereby incorporated by reference into this Registration Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the "Commission") by Centillium Communications, Inc.:
The Registrant's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the Commission on March 16, 2007;
The Company's Current Reports on Form 8-K filed with the Commission on January 30, 2007, February 7, 2007 (excluding the portion thereof furnished
under Item 2.02 of Form 8-K) and March 7, 2007;
The description of Registrant's Common Stock contained in Registrant's Registration Statement on Form 8-A, filed with the Commission on
May 17, 2000; and
The description of Registrant's Series A Participating Preferred Stock Purchase Rights contained in Registrant's Registration Statement on
Form 8-A, filed with the Commission on December 31, 2002.
In addition, all documents filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 (excluding any
portions thereof furnished under Items 2.02 or 7.01 of Form 8-K) after the date of this Registration Statement on Form S-8 and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold or which deregisters all securities then
II-3
remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing such documents.
Item 8.
Exhibits.
Exhibit
Number
Exhibit
5.1
Opinion of Pillsbury Winthrop Shaw Pittman LLP
23.1
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm
23.2
Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)
99.1
Centillium Communications, Inc. Amended and Restated 1997 Stock Plan (previously filed as an exhibit to Registrant's Form 8-K filed with the
Commission on July 26, 2006 and incorporated herein by reference)
99.2
Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously filed as an exhibit to Registrant's Form S-8 filed with the Commission
on March 6, 2001 and incorporated herein by reference)
II-4
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Fremont, State of California, on the second day of May, 2007.
Centillium Communications, Inc.
By:
/s/ Faraj Aalaei
Faraj Aalaei
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each such person whose signature appears below constitutes and appoints, jointly and
severally, Faraj Aalaei and Linda C. Reddick his true and lawful attorneys-in-fact, each with full power of substitution, for him in any and all capacities, to
sign any amendments to this Registration Statement on Form S-8 (including post-effective amendments), and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact, and each of them, full power and authority
to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person,
hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
Signature
Title
Date
/s/ Kamran Elahian
Kamran Elahian
Chairman of the Board
May 2, 2007
/s/ Faraj Aalaei
Faraj Aalaei
Chief Executive Officer and Director (Principal Executive Officer)
May 2, 2007
/s/ Linda C. Reddick
Linda C. Reddick
Interim Chief Financial Officer (Principal Financial and Accounting Officer)
May 2, 2007
/s/ Jere Drummond
Jere Drummond
Director
May 2, 2007
/s/ Sam Srinivasan
Sam Srinivasan
Director
May 2, 2007
/s/ Robert C. Hawk
Robert C. Hawk
Director
May 2, 2007
INDEX TO EXHIBITS
Exhibit
Number
Exhibit
5.1
Opinion of Pillsbury Winthrop Shaw Pittman LLP
PDF provided as courtesy
23.1
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm
PDF provided as courtesy
23.2
Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)
99.1
Centillium Communications, Inc. Amended and Restated 1997 Stock Plan (previously filed as an exhibit to Registrant's Form 8-K filed with the
Commission on July 26, 2006 and incorporated herein by reference)
99.2
Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously filed as an exhibit to Registrant's Form S-8 filed with the Commission
on March 6, 2001 and incorporated herein by reference)