SEC Info - Chang Chung Ying - ‘3’ for 12/4/07 re: Viewsonic Corp.

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Chang Chung Ying

(Last)

(First)

(Middle)

C/O VIEWSONIC CORPORATION

381 BREA CANYON ROAD

(Street)

WALNUT

91789

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/4/07

3. Issuer Name and Ticker or Trading Symbol
VIEWSONIC CORP [ NONE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Managing Dir., ViewSonic Intl

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option (right to buy)	⁽¹⁾	2/25/12	Common Stock	34,000	0.38	D
Option (right to buy)	⁽²⁾	5/1/12	Common Stock	46,000	0.38	D
Option (right to buy)	⁽³⁾	2/1/17	Common Stock	225,000	0.54	D
Option (right to buy)	⁽⁴⁾	5/10/17	Common Stock	450,000	0.57	D

Explanation of Responses:

(1) Shares subject to the option vest as to 25% on February 25, 2003 and an additional 1/48th of the shares subject to the option vest monthly thereafter over the next three years, subject to Reporting Person continuing to provide services to Issuer.

(2) Shares subject to the option vest as to 25% on May 1, 2003 and an additional 1/48th of the shares subject to the option vest monthly thereafter over the next three years, subject to Reporting Person continuing to provide services to Issuer.

(3) On February 2, 2007, the Reporting Person was granted an option to purchase 225,000 shares of Common Stock under the Issuer's Long Term Incentive Program pursuant to which 50,000 shares subject to the option will vest on each of February 2, 2008, February 2, 2009 and February 2, 2010. Up to 75,000 remaining shares subject to the option could potentially vest upon achievement by the Issuer of at least 100% of the established revenue and net income targets (the "Performance Targets")(the "Eligible Award"). The shares subject to the Eligible Award shall vest as to 1/3rd on the date on which the determination of whether the Performance Targets have been met after the completion of the Issuer's audit for fiscal 2007, but in no event later than March 14, 2008, and 1/3rd on each of February 2, 2009 and February 2, 2010.

(4) Shares subject to the option vest as to 25% on May 8, 2008 and an additional 1/48th of the shares subject to the option vest monthly thereafter over the next three years, subject to Reporting Person continuing to provide services to Issuer.

	/s/ Robert J. Ranucci, Attorney-in-Fact for Chung-Ying Chang	12/13/07
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Chang Chung Ying – ‘3’ for 12/4/07 re: Viewsonic Corp.

On: Friday, 12/14/07, at 4:21pm ET · For: 12/4/07 · As: Officer · Accession #: 1104659-7-88996 · File #: 0-50730

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — a3.xml/2.2

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Chang Chung Ying – ‘3’ for 12/4/07 re: Viewsonic Corp.

On: Friday, 12/14/07, at 4:21pm ET · For: 12/4/07 · As: Officer · Accession #: 1104659-7-88996 · File #: 0-50730

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — a3.xml/2.2

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents