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<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
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<b>UNITED STATES </b></font></div>

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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington, D.C. 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;05/02/2007 </b></font></div>




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<b>Fairchild Semiconductor International, Inc.  </b></font></div>

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<b>(Exact name of registrant as specified in its charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;001-15181 </b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>043363001 </b></font>
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<b>(State or other jurisdiction of</b></font>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
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<b>incorporation)</b></font>
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<b>Identification No.)</b></font>
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<b>82 Running Hill Road</div><div Align="center">South Portland, Maine 04106 </div><div Align="center"></b></font></div>


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<b>(Address of principal executive offices, including zip code)</b></font>
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<b>207-775-8100  </b></font>
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<b>(Registrant&#146;s telephone number, including area code)</b></font>
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<b> </b></font>
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<b>(Former name or former address, if changed since last report) </b></font>
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<b>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:<BR><BR>
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<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


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


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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Information to be included in the report</b>
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<b>Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b></font>
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At our annual stockholders' meeting held on May 2, 2007, our stockholders approved the Fairchild Semiconductor 2007 Stock Plan. The plan will be administered by the compensation committee of our board of directors. Employees, non-employee directors and consultants who are selected by the committee are eligible to participate in the plan. The new plan replaces the Fairchild Semiconductor Stock Plan (the "Prior Plan"), and will be our sole plan for providing equity-based incentive compensation. Shares that remain available for grant under the Prior Plan will be assumed by the new plan, and no further awards will be granted under the Prior Plan. The new plan provides for, among other things, the award of 3,380,305 new shares in addition to the shares that remain available for issuance under the Prior Plan. Under the plan, the committee may award stock options in the form of non-qualified stock options or incentive stock options, stock appreciation rights (SARs), restricted stock and restricted stock units (RSUs), including performance units, deferred stock units (DSUs), incentive bonuses and tax offset bonuses. No single participant may be granted stock options and SARs covering more than 2,000,000 shares of common stock in any fiscal year. No more than 500,000 shares of restricted stock and DSUs, or other qualified performance based awards (as defined in the plan), may be granted to any participant in any fiscal year in the aggregate. The maximum number of shares of common stock that may be issued pursuant to stock options intended to be incentive stock options is 1,000,000 shares. The maximum amount payable pursuant to that portion of an incentive bonus granted in any calendar year to any participant under the plan that is intended to satisfy the requirements for qualified performance based awards (as defined in the plan) shall not exceed $5,000,000. The plan prohibits granting options or stock appreciation rights with exercise prices lower than the fair-market value of underlying shares on the grant date, except in connection with substitute or replacement awards made in connection with a merger or other corporate acquisition. The plan prohibits the repricing of stock options and SARs without the approval of stockholders. The number of shares that may be issued under "full-value awards" (awards other than stock options and SARs) is limited under the plan by operation of a share-counting formula in which full-value awards count on a 2-for-1 basis against the pool of shares available for issuance under the plan. Grants of restricted stock, RSUs and DSUs that are not performance-based must have vesting periods over at least three years, except in cases of a director's retirement after age 65, or after age 55 if the director's age plus years of service on the board equals 65 or more. If the awards are performance-based, then performance must be measured over a period of at least one year. Under the plan, we may grant no more than 15,000 DSUs to non-employee directors upon their first election to the board and no more than 15,000 DSUs per year for service on the board; provided, however, that the non-employee director designated as independent chairman of the board or lead director may receive an annual award of up to two times the annual award granted to other non-employee directors. <p>The foregoing description of plan terms is qualified in its entirety by reference to the actual terms of the plan, which is attached as Exhibit 10.1 to this report. For additional information about the plan, refer to Proposal 2 on pages 5-17 of our proxy statement on Schedule 14A for our 2007 annual stockholders' meeting, as filed with the Securities and Exchange Commission on March 30, 2007, which is incorporated herein by reference.</font>
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<b>Signature(s) </b></font>
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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. </font>
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	Fairchild Semiconductor International, Inc. </font>
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	Date: May 04, 2007</font>
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	By:</font>
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	/s/&nbsp;&nbsp;&nbsp;&nbsp;Paul D. Delva</font>
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	Paul D. Delva</font>
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	<div><font Face="times New Roman" Size="2" Color="#000000">Sr. V.P., General Counsel and Secretary</font>
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<b>Exhibit Index </b></font>
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	<b>Exhibit&nbsp;No.</b></font>
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	<b>Description</b></font>
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	EX-10.1</font>
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	Fairchild Semiconductor 2007 Stock Plan.</font>
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Prepared By R.R. Donnelley Financial -- Form 8-K
UNITED STATES
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
Date of Report (Date of earliest event reported):  05/02/2007
Fairchild Semiconductor International, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number:  001-15181
Delaware
043363001
(State or other jurisdiction of
(IRS Employer
incorporation)
Identification No.)
82 Running Hill Road
South Portland, Maine 04106
(Address of principal executive offices, including zip code)
207-775-8100
(Registrant's telephone number, including area code)
(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:
[  ]  
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))
Information to be included in the report
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At our annual stockholders' meeting held on May 2, 2007, our stockholders approved the Fairchild Semiconductor 2007 Stock Plan. The plan will be administered by the compensation committee of our board of directors. Employees, non-employee directors and consultants who are selected by the committee are eligible to participate in the plan. The new plan replaces the Fairchild Semiconductor Stock Plan (the "Prior Plan"), and will be our sole plan for providing equity-based incentive compensation. Shares that remain available for grant under the Prior Plan will be assumed by the new plan, and no further awards will be granted under the Prior Plan. The new plan provides for, among other things, the award of 3,380,305 new shares in addition to the shares that remain available for issuance under the Prior Plan. Under the plan, the committee may award stock options in the form of non-qualified stock options or incentive stock options, stock appreciation rights (SARs), restricted stock and restricted stock units (RSUs), including performance units, deferred stock units (DSUs), incentive bonuses and tax offset bonuses. No single participant may be granted stock options and SARs covering more than 2,000,000 shares of common stock in any fiscal year. No more than 500,000 shares of restricted stock and DSUs, or other qualified performance based awards (as defined in the plan), may be granted to any participant in any fiscal year in the aggregate. The maximum number of shares of common stock that may be issued pursuant to stock options intended to be incentive stock options is 1,000,000 shares. The maximum amount payable pursuant to that portion of an incentive bonus granted in any calendar year to any participant under the plan that is intended to satisfy the requirements for qualified performance based awards (as defined in the plan) shall not exceed $5,000,000. The plan prohibits granting options or stock appreciation rights with exercise prices lower than the fair-market value of underlying shares on the grant date, except in connection with substitute or replacement awards made in connection with a merger or other corporate acquisition. The plan prohibits the repricing of stock options and SARs without the approval of stockholders. The number of shares that may be issued under "full-value awards" (awards other than stock options and SARs) is limited under the plan by operation of a share-counting formula in which full-value awards count on a 2-for-1 basis against the pool of shares available for issuance under the plan. Grants of restricted stock, RSUs and DSUs that are not performance-based must have vesting periods over at least three years, except in cases of a director's retirement after age 65, or after age 55 if the director's age plus years of service on the board equals 65 or more. If the awards are performance-based, then performance must be measured over a period of at least one year. Under the plan, we may grant no more than 15,000 DSUs to non-employee directors upon their first election to the board and no more than 15,000 DSUs per year for service on the board; provided, however, that the non-employee director designated as independent chairman of the board or lead director may receive an annual award of up to two times the annual award granted to other non-employee directors.
The foregoing description of plan terms is qualified in its entirety by reference to the actual terms of the plan, which is attached as Exhibit 10.1 to this report. For additional information about the plan, refer to Proposal 2 on pages 5-17 of our proxy statement on Schedule 14A for our 2007 annual stockholders' meeting, as filed with the Securities and Exchange Commission on March 30, 2007, which is incorporated herein by reference.
Signature(s)
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.
Fairchild Semiconductor International, Inc.
Date: May 04, 2007
By:
/s/    Paul D. Delva
Paul D. Delva
Sr. V.P., General Counsel and Secretary
Exhibit Index
Exhibit No.
Description
EX-10.1
Fairchild Semiconductor 2007 Stock Plan.