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 *
RILEY BRYANT R
  2. Issuer Name and Ticker or Trading Symbol
SILICON STORAGE TECHNOLOGY INC [SSTI]
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)
11100 SANTA MONICA BLVD., SUITE 810
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2009
(Street)

LOS ANGELES, CA US 90025
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 02/13/2009   S   5,000 D $ 1.9 903,775 I Footnote 1 (1)
Common Stock 02/13/2009   S   340,454 D $ 1.9 4,575,467 I Footnote 2 (2)
Common Stock 02/13/2009   S   400,000 D $ 1.9 25,798 I Footnote 3 (3)
Common Stock               50,000 I Footnote 4 (4)
Common Stock               8,000 I Footnote 5 (5)
Common Stock 02/13/2008   S   1,400,000 D $ 1.9 3,175,467 I Footnote 2 (2)
Common Stock 02/13/2008   S   400 D $ 1.95 25,398 I Footnote 3 (3)
Common Stock 02/13/2008   S   500 D $ 1.966 24,898 I Footnote 3 (3)

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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 (Right to Buy) $ 2.81 06/27/2008   A   45,000   06/27/2009(6) 06/27/2018 Common Stock 45,000 $ 0 45,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RILEY BRYANT R
11100 SANTA MONICA BLVD., SUITE 810
LOS ANGELES, CA US 90025
  X      
Riley Investment Management LLC
11100 SANTA MONICA BLVD., SUITE 810
LOS ANGELES, CA US 90025
  X      

Signatures

 /s/ Bryant Riley   02/18/2009
**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) Sole equity owner of Riley Investment Management LLC, general partner of Riley Investment Partners Master Fund, L.P.
(2) Sole equity owner of Riley Investment Management LLC, investment advisor to managed accounts, some of which are indirectly affiliated with Mr. Riley or Riley Investment Partners Master Fund, L.P.
(3) Sole indirect equity owner of B. Riley and Co., LLC.
(4) Trustee of the B. Riley and Co. Retirement Trust.
(5) Custodian for Mr. Riley's children.
(6) Options vest as to 25% of the total shares granted annually from date of grant.

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