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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
LABER, CARLOS A.
2092 Concourse Drive
San Jose, CA 95131
Phone: (408) 433 5200
2. Issuer Name and Ticker or Trading Symbol
MICRO LINEAR CORPORATION (MLIN)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
12/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code Amount D Price End of Year I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 20,038.00 D Direct
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $1.3750 02/13/02
to buy)
Incentive Stock Option (right $1.3750 08/25/02
to buy)
Incentive Stock Option (right $1.3750 08/10/03
to buy)
Incentive Stock Option (right $1.3750 02/29/04
to buy)
Incentive Stock Option (right $4.7500 07/30/98 A 13,793.00 07/30/08
to buy)
Incentive Stock Option (right $6.3750 07/24/06
to buy)
Incentive Stock Option (right $7.2500 07/30/98 D 13,793.00 03/04/08
to buy)
Incentive Stock Option (right $7.3130 01/23/06
to buy)
Incentive Stock Option (right $7.3750 01/27/08
to buy)
Incentive Stock Option (right $8.5000 03/10/05
to buy)
Non-Qualified Stock Option $4.7500 07/30/98 A 26,207.00 07/30/08
(right to buy)
Non-Qualified Stock Option $7.2500 07/30/98 D 26,207.00 03/04/08
(right to buy)
Non-Qualified Stock Option $7.3750 01/27/08
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Year
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right Common Stock 2,000.00 2,000.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 6,800.00 6,800.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,600.00 5,600.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,200.00 5,200.00 D Direct
to buy)
Incentive Stock Option (right 07/30/98 Common Stock 13,793.00 13,793.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 20,000.00 20,000.00 D Direct
to buy)
Incentive Stock Option (right 07/30/98 Common Stock 13,793.00 0.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 70,000.00 70,000.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 9,847.00 9,847.00 D Direct
to buy)
Incentive Stock Option (right Common Stock 5,000.00 5,000.00 D Direct
to buy)
Non-Qualified Stock Option 07/30/98 Common Stock 26,207.00 26,207.00 D Direct
(right to buy)
Non-Qualified Stock Option 07/30/98 Common Stock 26,207.00 0.00 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 50,153.00 50,153.00 D Direct
(right to buy)
<FN>
Explanation of Responses:
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ LABER, CARLOS A.
DATE
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