0001179110-08-000536 4 1 20080102 20080104 20080104 NETLIST INC 0001282631 3674 954812784 DE 475 GODDARD IRVINE CA 92618 Hong Chun K 0001381057 4 34 001-33170 08510606 949-435-0025 C/O NETLIST, INC. 475 GODDARD IRVINE CA 92618 4 1 edgar.xml FORM 4 - X0202 4 2008-01-02 0 0001282631 NETLIST INC NLST 0001381057 Hong Chun K C/O NETLIST, INC. 51 DISCOVERY IRVINE CA 92618 1 1 1 0 President, CEO and Chairman Employee Stock Option (Right to Buy) 2.20 2008-01-02 4 A 0 120000 0 A 2018-01-02 Common Stock 120000 120000 D The option vests with respect to 25% of the underlying shares on the first anniversary of the date of grant. The remainder of the option vests in 36 equal monthly installments thereafter. /s/ Chun K Hong 2008-01-04