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 * RIESCHEL GARY E   2. Issuer Name and Ticker or Trading Symbol YDI WIRELESS INC [YDIW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) YDI WIRELESS, INC., 8000 LEE HIGHWAY 3. Date of Earliest Transaction (Month/Day/Year) 12/07/2004 (Street) FALLS CHURCH, VA 22042 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

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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

Nonqualified Stock Option

$ 2.47

12/07/2004

A

10,405

12/07/2004

12/07/2009

Common Stock

10,405

$ 0

0

I

See Note (1)

Nonqualified Stock Option

$ 2.47

12/07/2004

A

4,595

12/07/2004

12/07/2009

Common Stock

4,595

$ 0

27,500

I

See Note (2)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RIESCHEL GARY E YDI WIRELESS, INC. 8000 LEE HIGHWAY FALLS CHURCH, VA 22042	X	X

Signatures

/s/ Gary E. Rieschel		12/09/2004
**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)	Mr. Rieschel is an Executive Managing Director of Mobius VI LLC, the general partner of Mobius Technology Ventures VI, L.P., and as such may be deemed to share voting power with respect to the options to purchase 10,405 shares held of record by Mobius Technology Ventures VI, L.P. Mr. Rieschel disclaims beneficial ownership of the options held of record by Mobius Technology Ventures VI, L.P. except to the extent of his pecuniary interest therein.
(2)	Mr. Rieschel is the Executive Managing Director of SBTV V LLC, the general partner of SOFTBANK Technology Ventures V, L.P., and as such may be deemed to share voting power with respect to the options to purchase 4,595 shares held of record by SOFTBANK Technology Ventures V, L.P. Mr. Rieschel disclaims beneficial ownership of the options held of record by SOFTBANK Technology Ventures V, L.P. except to the extent of his pecuniary interest therein.

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