Item 2.02 Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition." This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On May 7, 2012, GigOptix, Inc. (the "Company") issued a press release announcing its financial results for the three months ended April 1, 2012. The full text of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 3, 2012, in recognition of the performance of the Company since the beginning of 2012, the Board decided to issue restricted stock units under the Company's 2008 Equity Incentive Plan to the officers, other employees and directors of the Company for services to be provided through the end of the first quarter of 2013, with such restricted stock units to vest during the months of May, August and November 2012, and March 2013, and for the Company to withhold shares of stock subject to the restricted stock units at the time of vesting for the purposes of satisfying any tax withholding obligations which arise in connection with such vesting. The awards include grants to the following executive officers and directors in the following amounts:

• Dr. Avi Katz - 62,296 restricted stock units

• Curt Sacks - 11,025 restricted stock units

• Andrea Betti-Berutto - 22,283 restricted stock units

• Julie Tipton - 11,255 restricted stock units

• Neil Miotto - 4,655 restricted stock units

• Frank Schneider - 3,668 restricted stock units

• Kimberly D.C. Trapp - 4,181 restricted stock units

• Joseph Lazzara - 1,617 restricted stock units

• John Mikulsky - 1,617 restricted stock units

The awards are being made using the form of Restricted Stock Unit Notice of Grant and Agreement previously filed by the Company as Exhibit 10.1 to the Current Report on Form 8-K on March 28, 2012, and the above summary of the terms of these restricted stock units is qualified in its entirety by reference to such form.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press Release dated May 7, 2012.

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