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<head>
<title>030504 S8 DOC</title>
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<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
                                As filed with the Securities and Exchange Commission on March 5, 2004</B>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>
                      Registration Statement No. 333-
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></B>
</FONT><P><HR SIZE=4></P>

<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=98%>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=4><P ALIGN="CENTER">SECURITIES AND EXCHANGE
COMMISSION</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><P ALIGN="CENTER">Washington, D.C. 20549</B></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<P><HR WIDTH="20%" SIZE=0></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=4><P ALIGN="CENTER">FORM S-8</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><P ALIGN="CENTER">REGISTRATION STATEMENT</B></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><I><P ALIGN="CENTER">Under The Securities Act of 1933</B></I></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<P><HR WIDTH="20%" SIZE=0></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=5><P ALIGN="CENTER">CENTILLIUM COMMUNICATIONS,
INC.</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=1><P ALIGN="CENTER">(Exact name of Registrant as specified in its
charter)</B></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Delaware</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">94-3263530</B></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction of<BR>
                  incorporation or organization)</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">47211 Lakeview Boulevard<BR>
                  Fremont, California 94538</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">(I.R.S. Employer<BR>
                  Identification Number)</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=1><P ALIGN="CENTER">(Address , including zip code, of Registrant's
principal executive offices)</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<P><HR WIDTH="20%" SIZE=0></P>

<B><P ALIGN="CENTER">1997 Stock Plan<BR>
                  2000 Employee Stock Purchase Plan<BR>
<FONT SIZE=1>                  (Full title of the plans)</B>
<P><HR WIDTH="20%" SIZE=0></P></FONT></TD>
</TR>


<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Faraj Aalaei<BR>
                  Chief Executive Officer<BR>
                  47211 Lakeview Boulevard<BR>
                  Fremont, California 94538<BR>
                  (510) 771-3700</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=1><P ALIGN="CENTER">(Name, address and telephone number, including
area code, of agent for service)</B></FONT></TD>
</TR>

<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>

<TR><TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Copies to:</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<P>&nbsp;</TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP" HEIGHT=97><P></P></TD>
<TD WIDTH="33%" VALIGN="TOP" HEIGHT=97>
<B><FONT SIZE=2><P ALIGN="CENTER">Arthur F. Schneiderman<BR>
                  Wilson Sonsini Goodrich &amp; Rosati<BR>
                   Professional Corporation<BR>
                  650 Page Mill Road<BR>
           Palo Alto, CA 94304<BR>
                  (650) 493-9300</B></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP" HEIGHT=97><P></P></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER">&#9;CALCULATION OF REGISTRATION FEE</P>
<TABLE BORDER CELLSPACING=2 BORDERCOLOR="#000000" CELLPADDING=9 WIDTH=98%>
<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)</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, $0.001 par value, issuable under the 1997 Stock
Plan&#9;
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">2,269,865</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 4.8350 (2)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 10,974,797.28</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 1,390.51</FONT></TD>
</TR>
<TR><TD WIDTH="37%" VALIGN="TOP">

<FONT SIZE=1><P>Common stock, $0.001 par value, issuable under the 2000 Employee
Stock Purchase Plan&#9;
</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">378,310</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 4.1098 (3)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 1,554,778.44</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<FONT SIZE=1><P ALIGN="RIGHT">$ 196.99</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">2,648,175</B></FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">N/A</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 12,529,575.71</B></FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM">
<B><FONT SIZE=1><P ALIGN="RIGHT">$ 1,587.50</B></FONT></TD>
</TR>
</TABLE>
<DIR>

<FONT SIZE=1><P ALIGN="JUSTIFY">(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 ALIGN="JUSTIFY">(2)&#9; With respect to the 2,269,865 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) to be the average of the
high and low price reported on the Nasdaq Stock Market on March 1, 2004, which
average was $4.835 per share.</P>

<FONT SIZE=1><P ALIGN="JUSTIFY">(3)&#9; With respect to the 378,310 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) to be
equal to 85% (see explanation in following sentence) of the average of the high
and low price reported on the Nasdaq Stock Market on March 1, 2004, which amount
is equal to $4.1098 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,
whichever is lower.</P>
</DIR>
</FONT>
<font FACE="Times New Roman" SIZE="2">
<B><P ALIGN="CENTER">PART II</P>
<P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P>Explanatory Note:<U> </P>

</B></U><P>This Registration Statement is filed with respect to 2,269,865 and
378,310 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>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. (the "Registrant"):</P>
<OL>
<OL>

<LI>The Registrant's Annual Report on Form 10-K for the year ended December 31,
2003, filed with the Commission on March 5, 2004</LI>
<LI>The Registrant's Proxy Statement for its 2003 Annual Meeting of Stockholders
filed with the Commission on April 28, 2003; and</LI>
<LI>The description of Registrant's Common Stock contained in the Registrant's
Registration Statement on Form 8-A, declared effective by the Commission on May
23, 2000. </LI></OL>
</OL>

<P>In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934 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 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 4. Description of Securities.</P>
</B><P>Not applicable.</P>
<B><P>Item 5. Interests of Named Experts and Counsel.</P>
</B><P>The validity of the common stock in this offering will be passed upon for
the Registrant by Wilson Sonsini Goodrich &amp; Rosati, Professional Corporation,
Palo Alto, California. Arthur F. Schneiderman, a member of Wilson Sonsini
Goodrich &amp; Rosati, is the Secretary of the Registrant.</P>
<B><P>Item 6. Indemnification of Directors and Officers.</P>
</B><P>Section 145 of the Delaware General Corporation Law permits a corporation
to include in its charter documents, and in agreements between the corporation
and its directors and officers, provisions expanding the scope of
indemnification beyond that specifically provided by the current law.</P>
<P>Article IX of the Registrant's Restated Certificate of Incorporation provides
for the indemnification of directors to the fullest extent permissible under
Delaware law.</P>
<P>Article VI of the Registrant's Bylaws provides for the indemnification of
officers, directors and third parties acting on behalf of the Registrant if such
person acted in good faith and in a manner reasonably believed to be in and not
opposed to the best interest of the Registrant, and, in any criminal action or
proceeding, the indemnified party had no reason to believe his or her conduct
was unlawful. </P>
<P>The Registrant has entered into indemnification agreements with its directors
and executive officers, in addition to indemnification provided for in the
Registrant's Bylaws, and intends to enter into indemnification agreements with
any new directors and executive officers in the future.</P>
<B><P>Item 7. Exemption from Registration Claimed.</P>
</B><P>Not applicable.</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=<FONT SIZE="TOP">
<B><U><FONT SIZE="2"><P>Exhibit</B></U></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>5.1</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Opinion of Wilson Sonsini Goodrich&nbsp;&amp; Rosati, Professional
Corporation</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>10.1</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Centillium Communications, Inc. Amended and Restated 1997 Stock Plan
(previously filed as an exhibit to Registrant's Form S-8 dated March 6, 2001 and
incorporated herein by reference)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>10.2</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously
filed as an exhibit to Registrant's Form S-8 dated March 6, 2001 and
incorporated herein by reference)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>23.1</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Consent of Ernst &amp; Young LLP, Independent Auditors</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>23.2</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Consent of WSGR (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>24.1</TD>
<TD WIDTH="85%" VALIGN=<FONT SIZE="TOP">
<FONT SIZE="2"><P>Power of Attorney (see signature page)</TD>
</TR>
</TABLE>

<B><P>Item 9. Undertakings</P>
</B>

<DIR>
<P>(a) The undersigned Registrant hereby undertakes:
<DIR>
<P>(1)&#9;To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material
information with respect to the plan of distribution not previously disclosed in
the Registration Statement or any material change to such information in the
Registration Statement.</P>
<P>(2)&#9;That, for the purpose of determining any liability under the
Securities Act of 1933, as amended (the "Securities Act"), each such post-
effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.</P>
<P>(3)&#9;To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.</P>
</DIR>

<P>(b)&#9;The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act of 1934 that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</P>
<P>(c)&#9;Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.</P>
</DIR>

<B><P>SIGNATURES</P>
</B><P>Pursuant to the requirements of the Securities Act of 1933, as amended,
the registrant 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 5th day of March, 2004.</P>

<DIV ALIGN="right">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD VALIGN="top" COLSPAN="3" WIDTH="91%"><FONT FACE="Times New Roman" SIZE="2">CENTILLIUM COMMUNICATIONS, INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" WIDTH="7%"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" WIDTH="2%" ><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" WIDTH="91%"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;F<SMALL>ARAJ</SMALL>
A<SMALL>ALAEI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" WIDTH="2%" ><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="91%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">
<FONT FACE="Times New Roman" SIZE="2">Faraj Aalaei</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">
<FONT FACE="Times New Roman" SIZE="2"><I>Chief Executive Officer</I></FONT></P></TD></TR>
</TABLE>

</DIV>


<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
Darrel Slack his attorneys-in-fact, each with the 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, 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" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Kamran Elahian </U><BR>
Kamran Elahian</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Chairman of the Board</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Faraj Aalaei </U><BR>
Faraj Aalaei </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Chief Executive Officer and Director (Principal Executive
Officer) </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Darrel Slack </U><BR>
Darrel Slack </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Vice President and Chief Financial Officer (Principal Financial
and Accounting Officer) </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Shahin Hedayat </U><BR>
Shahin Hedayat </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Jere Drummond </U><BR>
Jere Drummond</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Irwin Federman </U><BR>
Irwin Federman<U> </U></FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Robert C. Hawk </U><BR>
Robert C. Hawk</FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
<TR><TD WIDTH="35%" VALIGN="TOP" HEIGHT=48>
<U><FONT SIZE=2><P>/s/ Lip-Bu Tan </U><BR>
Lip-Bu Tan </FONT></TD>
<TD WIDTH="45%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>Director </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=48>
<FONT SIZE=2><P>March 5, 2004 </FONT></TD>
</TR>
</TABLE>

<P>&nbsp;</P>
<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">INDEX TO 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><P ALIGN="CENTER">Exhibit</B></U></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">5.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P><A HREF="exh5-1.htm">Opinion of Wilson Sonsini Goodrich&nbsp;&amp; Rosati, Professional Corporation</A></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">10.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P>Centillium Communications, Inc. Amended and Restated 1997 Stock Plan</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">10.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P>Centillium Communications, Inc. 2000 Employee Stock Purchase Plan</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">23.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P><A HREF="exh23-1.htm">Consent of Ernst &amp; Young LLP, Independent Auditors</A></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">23.2</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P>Consent of WSGR (included in Exhibit&nbsp;5.1)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="BOTTOM">
<FONT SIZE="2"><P ALIGN="RIGHT">24.1</TD>
<TD WIDTH="85%" VALIGN="BOTTOM">
<FONT SIZE="2"><P>Power of Attorney (see signature page)</TD>
</TR>
</TABLE>

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{"company-data": {"conformed-name": "CENTILLIUM COMMUNICATIONS INC", "cik": "0001107194", "assigned-sic": "3661", "irs-number": "943263530", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-113318", "film-number": "04652025"}, "business-address": {"street1": "47211 LAKEVIEW BLVD", "city": "FREMONT", "state": "CA", "zip": "94538", "phone": "5107713700"}, "mail-address": {"street1": "47211 LAKEVIEW BLVD", "city": "FREMONT", "state": "CA", "zip": "94538"}}
030504 S8 DOC
As filed with the Securities and Exchange Commission on March 5, 2004
Registration Statement No. 333-
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)
47211 Lakeview Boulevard
Fremont, California 94538
(I.R.S. Employer
Identification Number)
(Address , including zip code, of Registrant's
principal executive offices)
1997 Stock Plan
2000 Employee Stock Purchase Plan
(Full title of the plans)
Faraj Aalaei
Chief Executive Officer
47211 Lakeview Boulevard
Fremont, California 94538
(510) 771-3700
(Name, address and telephone number, including
area code, of agent for service)
Copies to:
Arthur F. Schneiderman
Wilson Sonsini Goodrich & Rosati
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304
(650) 493-9300
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount
to be
Registered (1)
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
2,269,865
$ 4.8350 (2)
$ 10,974,797.28
$ 1,390.51
Common stock, $0.001 par value, issuable under the 2000 Employee
Stock Purchase Plan
378,310
$ 4.1098 (3)
$ 1,554,778.44
$ 196.99
Total
2,648,175
N/A
$ 12,529,575.71
$ 1,587.50
(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)	 With respect to the 2,269,865 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) to be the average of the
high and low price reported on the Nasdaq Stock Market on March 1, 2004, which
average was $4.835 per share.
(3)	 With respect to the 378,310 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) to be
equal to 85% (see explanation in following sentence) of the average of the high
and low price reported on the Nasdaq Stock Market on March 1, 2004, which amount
is equal to $4.1098 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,
whichever is lower.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Explanatory Note:
This Registration Statement is filed with respect to 2,269,865 and
378,310 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.
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"):
The Registrant's Annual Report on Form 10-K for the year ended December 31,
2003, filed with the Commission on March 5, 2004
The Registrant's Proxy Statement for its 2003 Annual Meeting of Stockholders
filed with the Commission on April 28, 2003; and
The description of Registrant's Common Stock contained in the Registrant's
Registration Statement on Form 8-A, declared effective by the Commission on May
23, 2000.
In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act of 1934 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 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 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
The validity of the common stock in this offering will be passed upon for
the Registrant by Wilson Sonsini Goodrich & Rosati, Professional Corporation,
Palo Alto, California. Arthur F. Schneiderman, a member of Wilson Sonsini
Goodrich & Rosati, is the Secretary of the Registrant.
Item 6. Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law permits a corporation
to include in its charter documents, and in agreements between the corporation
and its directors and officers, provisions expanding the scope of
indemnification beyond that specifically provided by the current law.
Article IX of the Registrant's Restated Certificate of Incorporation provides
for the indemnification of directors to the fullest extent permissible under
Delaware law.
Article VI of the Registrant's Bylaws provides for the indemnification of
officers, directors and third parties acting on behalf of the Registrant if such
person acted in good faith and in a manner reasonably believed to be in and not
opposed to the best interest of the Registrant, and, in any criminal action or
proceeding, the indemnified party had no reason to believe his or her conduct
was unlawful.
The Registrant has entered into indemnification agreements with its directors
and executive officers, in addition to indemnification provided for in the
Registrant's Bylaws, and intends to enter into indemnification agreements with
any new directors and executive officers in the future.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
Exhibit
Number
Exhibit
5.1
Opinion of Wilson Sonsini Goodrich & Rosati, Professional
Corporation
10.1
Centillium Communications, Inc. Amended and Restated 1997 Stock Plan
(previously filed as an exhibit to Registrant's Form S-8 dated March 6, 2001 and
incorporated herein by reference)
10.2
Centillium Communications, Inc. 2000 Employee Stock Purchase Plan (previously
filed as an exhibit to Registrant's Form S-8 dated March 6, 2001 and
incorporated herein by reference)
23.1
Consent of Ernst & Young LLP, Independent Auditors
23.2
Consent of WSGR (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)
Item 9. Undertakings
(a) The undersigned Registrant hereby undertakes:
(1)	To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material
information with respect to the plan of distribution not previously disclosed in
the Registration Statement or any material change to such information in the
Registration Statement.
(2)	That, for the purpose of determining any liability under the
Securities Act of 1933, as amended (the "Securities Act"), each such post-
effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof.
(3)	To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of the
offering.
(b)	The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act of 1934 that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(c)	Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the registrant 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 5th day of March, 2004.
CENTILLIUM COMMUNICATIONS, INC.
By:
/s/    F
ARAJ
A
ALAEI
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
Darrel Slack his attorneys-in-fact, each with the 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, 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
March 5, 2004
/s/ Faraj Aalaei
Faraj Aalaei
Chief Executive Officer and Director (Principal Executive
Officer)
March 5, 2004
/s/ Darrel Slack
Darrel Slack
Vice President and Chief Financial Officer (Principal Financial
and Accounting Officer)
March 5, 2004
/s/ Shahin Hedayat
Shahin Hedayat
Director
March 5, 2004
/s/ Jere Drummond
Jere Drummond
Director
March 5, 2004
/s/ Irwin Federman
Irwin Federman
Director
March 5, 2004
/s/ Robert C. Hawk
Robert C. Hawk
Director
March 5, 2004
/s/ Lip-Bu Tan
Lip-Bu Tan
Director
March 5, 2004
INDEX TO EXHIBITS
Exhibit
Number
Exhibit
5.1
Opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation
10.1
Centillium Communications, Inc. Amended and Restated 1997 Stock Plan
10.2
Centillium Communications, Inc. 2000 Employee Stock Purchase Plan
23.1
Consent of Ernst & Young LLP, Independent Auditors
23.2
Consent of WSGR (included in Exhibit 5.1)
24.1
Power of Attorney (see signature page)