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

1. Name and Address of Reporting Person *

SMEAD ANN BECHER 		2. Issuer Name and Ticker or Trading Symbol

INTEVAC INC [ IVAC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

395 MILL CREEK CIRCLE 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/15/2004
(Street)

VAIL, CO 81657
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   (1) 12/15/2004     X    2500   A $6.625   17683   D    
Common Stock   (1) 12/15/2004     X    2500   A $6.625   20183   D    
Common Stock   (1) 12/15/2004     X    5000   A $5.375   25183   D    
Common Stock   (1) 12/15/2004     X    5000   A $3.375   30183   D    
Common Stock   (1) 12/15/2004     X    5000   A $5   35183   D    
Common Stock   (1) 12/15/2004     X    5000   A $4.12   40183   D    
Common Stock   (1) 12/15/2004     X    5000   A $5.07   45183   D    
Common Stock   (1) 12/15/2004     S    15000   D $7.676   30183   D    
Common Stock                  3255969   I   by LLC   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Non-Qualified Stock Option (right to buy)   (1) $3.375   12/15/2004     X        5000    12/19/2003   12/19/2004   Common Stock   5000   $3.375   0   D    
Non-Qualified Stock Option (right to buy)   (1) $4.12   12/15/2004     X        5000    12/19/2003   12/19/2004   Common Stock   5000   $4.12   0   D    
Non-Qualified Stock Option (right to buy)   (1) $5   12/15/2004     X        5000    12/19/2003   12/19/2004   Common Stock   5000   $5   0   D    
Non-Qualified Stock Option (right to buy)   (1) $5.07   12/15/2004     X        5000    12/19/2003   12/19/2004   Common Stock   5000   $5.07   0   D    
Non-Qualified Stock Option (right to buy)   (1) $5.375   12/15/2004     X        5000    12/19/2003   12/19/2004   Common Stock   5000   $5.375   0   D    
Non-Qualified Stock Option (right to buy)   (1) $6.625   12/15/2004     X        2500    12/19/2003   12/19/2004   Common Stock   2500   $6.625   2500   D    
Non-Qualified Stock Option (right to buy)   (1) $6.625   12/15/2004     X        2500    12/19/2003   12/19/2004   Common Stock   2500   $6.625   0   D    

Explanation of Responses:
(1)  Ann Becher Smead acquired the rights to these options upon the death of H. Joseph Smead, a director of Intevac, Inc. Ms. Smead is the Personal Representative of the Estate of H. Joseph Smead. The # of shares reported for each grant represent the unexercised portion only.
(2)  Ms. Smead is the sole Manager of Mill Creek Systems, LLC, a Managing Member of Redemco, L.L.C. which owns 3,255,969 shares of Intevac, Inc. common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SMEAD ANN BECHER
395 MILL CREEK CIRCLE
VAIL, CO 81657
X


Signatures
By: Kevin H. Soulsby For: Ann Becher Smead 12/17/2004
** 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 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).
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