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</FONT><FONT SIZE=2><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">Washington, D.C. 20549</P>


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<B><P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">FORM 8-K</P>


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<B><P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of</P>


<P ALIGN="CENTER">the Securities Exchange Act of 1934</P>


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<B><P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">July 28, 2006</P>


<P ALIGN="CENTER">Date of Report (Date of earliest event reported)</P>


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<P ALIGN="CENTER">&nbsp;</P>


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<P ALIGN="CENTER">SIRENZA MICRODEVICES, INC.</P>


<P ALIGN="CENTER">(Exact name of Registrant as specified in its charter)</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">DELAWARE</B></FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">000-30615</B> </FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">77-0073042</B> </FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(State or other jurisdiction</B> </P>


<B><P ALIGN="CENTER">of incorporation)</B> </FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(Commission File Number)</B> </FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">(I.R.S. Employer</B> </P>


<B><P ALIGN="CENTER">Identification Number)</B> </FONT></TD>


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<B><P ALIGN="CENTER">303 S. TECHNOLOGY COURT, BROOMFIELD, CO 80021</P>


<P ALIGN="CENTER">(Address of principal executive offices, including zip code)</P>


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<B><P ALIGN="CENTER">(303) 327-3030</P>


<P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>


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<B><P ALIGN="CENTER">N/A</P>


<P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>


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<P ALIGN="CENTER">&nbsp;</P>


<B><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>


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<P>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>





<P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>





<P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>





<P>[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>





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<B><P>Item 1.01  Entry into a Material Definitive Agreement.</P>


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<P>Effective July 28, 2006, the Compensation Committee (the &quot;Committee&quot;) of the Board of Directors of Sirenza Microdevices, Inc. (the &quot;Company&quot;) approved the following incentive bonus payments to the following executive officers of the Company under the terms of the Company's previously announced first half of 2006 cash incentive program (the &quot;Plan&quot;):</P>


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<B><U><P>Amount of</P></DIR>


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<P>Name</B></U>&#9;&#9;&#9;<B><U>Title</B></U>&#9;&#9;&#9;&#9;<B><U>Bonus</P>


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<P>Charles Bland&#9;&#9;CFO&#9;&#9;&#9;&#9;$65,000&#9;&#9;</P>





<P>Norm Hilgendorf&#9;&#9;Chief Strategy Officer&#9;&#9;$49,000</P>


<P>&#9;</P>


<P>Clay Simpson&#9;&#9;VP, General Counsel&#9;&#9;$46,000&#9;&#9;</P>





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<P>Also effective July 28, 2006, the Committee approved the payment of an incentive bonus in the amount of $95,000 to Robert Van Buskirk, the Company's President and Chief Executive Officer.  Mr. Van Buskirk does not participate in the Plan, but was awarded the aforementioned bonus by the Committee based on his and the Company's performance in the first half of 2006.    &#9;</P>





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<P ALIGN="CENTER">SIGNATURES</P>


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<P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>





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<P>SIRENZA MICRODEVICES, INC.</P>





<P>By:  <U>&#9;/s/ Clay B. Simpson&#9;</P>


</U><P>        Clay B. Simpson</P><DIR>


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<P>Vice President, General Counsel and Secretary</P></DIR>


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<P>&nbsp;&nbsp;Date:&nbsp;&nbsp;August 2, 2006 &nbsp;</P>





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{"company-data": {"conformed-name": "SIRENZA MICRODEVICES INC", "cik": "0001103777", "assigned-sic": "3674", "irs-number": "770073042", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30615", "film-number": "06998660"}, "business-address": {"street1": "303 S TECHNOLOGY COURT", "city": "BROOMFIELD", "state": "CO", "zip": "80021", "phone": "3033273030"}, "mail-address": {"street1": "303 S TECHNOLOGY COURT", "city": "BROOMFIELD", "state": "CO", "zip": "80021"}, "former-company": {"former-conformed-name": "STANFORD MICRODEVICES INC", "date-changed": "20000119"}}
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
July 28, 2006
Date of Report (Date of earliest event reported)
SIRENZA MICRODEVICES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
000-30615
77-0073042
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
303 S. TECHNOLOGY COURT, BROOMFIELD, CO 80021
(Address of principal executive offices, including zip code)
(303) 327-3030
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01  Entry into a Material Definitive Agreement.
Effective July 28, 2006, the Compensation Committee (the "Committee") of the Board of Directors of Sirenza Microdevices, Inc. (the "Company") approved the following incentive bonus payments to the following executive officers of the Company under the terms of the Company's previously announced first half of 2006 cash incentive program (the "Plan"):
Amount of
Name
Title
Bonus
Charles Bland		CFO				$65,000
Norm Hilgendorf		Chief Strategy Officer		$49,000
Clay Simpson		VP, General Counsel		$46,000
Also effective July 28, 2006, the Committee approved the payment of an incentive bonus in the amount of $95,000 to Robert Van Buskirk, the Company's President and Chief Executive Officer.  Mr. Van Buskirk does not participate in the Plan, but was awarded the aforementioned bonus by the Committee based on his and the Company's performance in the first half of 2006.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIRENZA MICRODEVICES, INC.
By:
/s/ Clay B. Simpson
Clay B. Simpson
Vice President, General Counsel and Secretary
Date:  August 2, 2006