Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BENHAMOU ERIC
   2. Issuer Name and Ticker or Trading Symbol
CYPRESS SEMICONDUCTOR CORP /DE/ [CY] 		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)
198 CHAMPION COURT		 3. Date of Earliest Transaction (Month/Day/Year)
07/31/2009
(Street)

SAN JOSE, CA 95134		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 07/31/2009   M   1,154 A $ 3.1916 118,518 D  
Common Stock 07/31/2009   S   1,154 D $ 10.6501 117,364 D  
Common Stock 07/31/2009   M   4,746 A $ 3.3372 122,110 D  
Common Stock 07/31/2009   S   4,746 D $ 10.6501 117,364 D  
Common Stock 07/31/2009   M   17,100 A $ 3.3372 134,464 D  
Common Stock 07/31/2009   S   17,100 D $ 10.67 117,364 D  
Common Stock 07/31/2009   M   29,061 A $ 3.3372 146,425 D  
Common Stock 07/31/2009   S   29,061 D $ 10.68 117,364 D  
Common Stock 07/31/2009   M   520 A $ 3.3372 117,884 D  
Common Stock 07/31/2009   S   520 D $ 10.6302 117,364 D  
Common Stock 07/31/2009   M   5,700 A $ 3.3372 123,064 D  
Common Stock 07/31/2009   S   5,700 D $ 10.6601 117,364 D  
Common Stock 07/31/2009   M   6,400 A $ 3.3372 123,764 D  
Common Stock 07/31/2009   S   6,400 D $ 10.6879 117,364 D  
Common Stock 07/31/2009   M   3,200 A $ 3.3372 120,564 D  
Common Stock 07/31/2009   S   3,200 D $ 10.65 117,364 D  
Common Stock 07/31/2009   M   1,300 A $ 3.3372 118,664 D  
Common Stock 07/31/2009   S   1,300 D $ 10.6301 117,364 D  
Common Stock 07/31/2009   M   14,377 A $ 3.3372 131,741 D  
Common Stock 07/31/2009   S   14,377 D $ 10.63 117,364 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Non Qualified Stock Option $ 3.1916 07/31/2009   M     1,154 07/31/2009 07/22/2013 Common Stock 1,154 $ 10.6501 390,856 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     4,746 07/31/2009 07/22/2012 Common Stock 4,746 $ 10.6501 386,110 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     17,100 07/31/2009 07/22/2012 Common Stock 17,100 $ 10.67 369,010 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     29,061 07/31/2009 07/22/2012 Common Stock 29,061 $ 10.68 339,949 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     520 07/31/2009 07/22/2012 Common Stock 520 $ 10.6302 339,429 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     5,700 07/31/2009 07/22/2012 Common Stock 5,700 $ 10.6601 333,729 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     6,400 07/31/2009 07/22/2012 Common Stock 6,400 $ 10.6879 327,329 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     3,200 07/31/2009 07/22/2012 Common Stock 3,200 $ 10.65 324,129 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     1,300 07/31/2009 07/22/2012 Common Stock 1,300 $ 10.6301 322,829 (1) D  
Non Qualified Stock Option $ 3.3372 07/31/2009   M     14,377 07/31/2009 07/22/2012 Common Stock 14,377 $ 10.63 308,452 (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BENHAMOU ERIC
198 CHAMPION COURT
SAN JOSE, CA 95134		   X      

Signatures

 Neil H. Weiss, Treasurer, as attorney-in-fact for Eric Benhamou.   08/03/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Under the terms of the resolution of the Board of Directors, all options, RSUs and RSAs outstanding on September 29, 2008 have been adjusted by the SunPower conversion ratio of 4.12022 per share.
 
Remarks:
2 of 2 of Form 4

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