- Statement of Changes in Beneficial Ownership (4)

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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* RODGERS THURMAN J	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 __ X __ Officer (give title below) _____ Other (specify below) President & CEO
(Last) (First) (Middle) 198 CHAMPION COURT	3. Date of Earliest Transaction (MM/DD/YYYY) 10/27/2010
(Street) SAN JOSE, CA 95134 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/27/2010		M		38750 ⁽¹⁾	A	$5.6277	5714355	D
Common Stock	10/27/2010		S		38750 ⁽²⁾	D	$14.07	5675605	D
Common Stock	10/27/2010		M		3350 ⁽¹⁾	A	$5.6277	5678955	D
Common Stock	10/27/2010		S		3350 ⁽²⁾	D	$14.075	5675605	D
Common Stock	10/27/2010		M		31800 ⁽¹⁾	A	$5.6277	5707405	D
Common Stock	10/27/2010		S		31800 ⁽²⁾	D	$14.08	5675605	D
Common Stock	10/27/2010		M		28900 ⁽¹⁾	A	$5.6277	5704505	D
Common Stock	10/27/2010		S		28900 ⁽²⁾	D	$14.09	5675605	D
Common Stock	10/27/2010		M		18600 ⁽¹⁾	A	$5.6277	5694205	D
Common Stock	10/27/2010		S		18600 ⁽²⁾	D	$14.10	5675605	D
Common Stock	10/27/2010		M		82500 ⁽¹⁾	A	$5.6277	5758105	D
Common Stock	10/27/2010		S		82500 ⁽²⁾	D	$14.11	5675605	D
Common Stock	10/27/2010		M		300 ⁽¹⁾	A	$5.6277	5675905	D
Common Stock	10/27/2010		S		300 ⁽²⁾	D	$14.1125	5675605	D
Common Stock	10/27/2010		M		68500 ⁽¹⁾	A	$5.6277	5744105	D
Common Stock	10/27/2010		S		68500 ⁽²⁾	D	$14.12	5675605	D
Common Stock	10/27/2010		M		1400 ⁽¹⁾	A	$5.6277	5677005	D
Common Stock	10/27/2010		S		1400 ⁽²⁾	D	$14.125	5675605	D
Common Stock	10/27/2010		M		21200 ⁽¹⁾	A	$5.6277	5696805	D
Common Stock	10/27/2010		S		21200 ⁽²⁾	D	$14.13	5675605	D
Common Stock	10/27/2010		M		11000 ⁽¹⁾	A	$5.6277	5686605	D
Common Stock	10/27/2010		S		11000 ⁽²⁾	D	$14.14	5675605	D
Common Stock	10/27/2010		M		1000 ⁽¹⁾	A	$5.6277	5676605	D
Common Stock	10/27/2010		S		1000 ⁽²⁾	D	$14.145	5675605	D
Common Stock	10/27/2010		M		2800 ⁽¹⁾	A	$5.6277	5678405	D
Common Stock	10/27/2010		S		2800 ⁽²⁾	D	$14.15	5675605	D
Common Stock	10/27/2010		M		170700 ⁽¹⁾	A	$5.6277	5846305	D
Common Stock	10/27/2010		S		170700 ⁽²⁾	D	$14.16	5675605	D
Common Stock	10/27/2010		M		300 ⁽¹⁾	A	$5.6277	5675905	D
Common Stock	10/27/2010		S		300 ⁽²⁾	D	$14.165	5675605	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non Qualified Stock Options	$5.6277	10/27/2010		M			38750 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	38750	$14.07	9054668	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			3350 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	3350	$14.075	9051318	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			31800 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	31800	$14.08	9019518	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			28900 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	28900	$14.09	8990618	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			18600 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	18600	$14.10	8972018	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			82500 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	82500	$14.11	8889518	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			300 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	300	$14.1125	8889218	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			68500 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	68500	$14.12	8820718	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			1400 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	1400	$14.125	8819318	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			21200 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	21200	$14.13	8798118	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			11000 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	11000	$14.14	8787118	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			1000 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	1000	$14.145	8786118	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			2800 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	2800	$14.15	8783318	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			170700 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	170700	$14.16	8612618	D
Non Qualified Stock Option	$5.6277	10/27/2010		M			300 ⁽¹⁾	10/27/2010	12/14/2010	Common Stock	300	$14.165	8612318	D

Explanation of Responses:
( 1)	Represents the exercise of an expiring grant.
( 2)	Represents the sale of shares necessary to fund the exercise price and tax cost of an expiring grant.

Remarks:
ONE OF TWO OF FORM 4.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RODGERS THURMAN J 198 CHAMPION COURT SAN JOSE, CA 95134	X		President & CEO

Signatures
Neil H. Weiss, Treasurer, as attorney-in-fact for Thurman J. Rodgers		10/28/2010
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
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