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 *
PETERSON PHILLIP D
  2. Issuer Name and Ticker or Trading Symbol
MICROTUNE INC [TUNE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
General Counsel
(Last)
(First)
(Middle)
2201 TENTH STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2007
(Street)

PLANO, TX 75074
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Option (right to buy) $ 4.53 05/10/2007   A   20,000     (1) 05/10/2017 Common Stock 20,000 (2) 20,000 (3) D  
Stock Option (right to buy) $ 4.53 05/10/2007   A   20,000     (4) 05/10/2017 Common Stock 20,000 (2) 20,000 (3) D  
Stock Option (right to buy) $ 4.53 05/10/2007   A   30,001     (5) 05/10/2017 Common Stock 30,001 (2) 30,001 (3) D  
Restricted Stock Units (6) 05/10/2007   A   8,000     (7)   (7) Common Stock 8,000 (2) 8,000 (8) D  
Restricted Stock Units (6) 05/10/2007   A   8,000     (9)   (9) Common Stock 8,000 (2) 8,000 (8) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PETERSON PHILLIP D
2201 TENTH STREET
PLANO, TX 75074
      General Counsel  

Signatures

 /s/ Phillip D. Peterson   05/11/2007
**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) Options shall vest on May 11, 2010.
(2) Per instruction 4(c)(iii), this column has been left blank.
(3) Following the reported transactions of this Form 4, the reporting person holds 230,857 shares for outstanding options, including 95,857 shares for options which are currently exercisable and 135,000 shares for options which are not currently exercisable.
(4) Options shall vest on May 11, 2011.
(5) Options shall begin vesting on December 31, 2007 and will vest 1/24th each month for 24 months.
(6) Each restricted stock unit represents a contingent right to receive one share of Microtune common stock.
(7) The restricted stock units shall vest on May 11, 2010 and the underlying shares shall be delivered to the reporting person on or about such date.
(8) Following the reported transactions of this Form 4, the reporting person holds 34,980 restricted stock units, including 18,980 performance-based restricted stock units that were granted under Microtune's 2007 Incentive Compensation Program and which vest in whole or in part based on the achievement of specific performance goals.
(9) The restricted stock units shall vest on May 11, 2011 and the underlying shares shall be delivered to the reporting person on or about such date.

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