Document:

Exhibit 4.1

                              SPECTRIAN CORPORATION

    ------------------------------------------------------------------------

                       1998 NONSTATUTORY STOCK OPTION PLAN

                        (as amended through August 2000)

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                              SPECTRIAN CORPORATION

                       1998 NONSTATUTORY STOCK OPTION PLAN

                        (as amended through August 2000)

1.   Purposes of the Plan. The purposes of this  Nonstatutory  Stock Option Plan
     are:

     o   to attract and retain the best  available  personnel  for  positions of
         substantial responsibility,

     o   to  provide   additional   incentive  to   Employees,   Directors   and
         Consultants, and

     o   to promote the success of the Company's business.

     Options granted under the Plan will be Nonstatutory Stock Options.

2.   Definitions.  As used herein, the following definitions shall apply:

     (a) "Administrator"  means the Board or any of its  Committees  as shall be
         administering the Plan, in accordance with Section 4 of the Plan.

     (b) "Applicable Laws" means the requirements relating to the administration
         of stock option plans under U.S. state corporate laws, U.S. federal and
         state securities laws, the Code, any stock exchange or quotation system
         on which the Common Stock is listed or quoted and the  applicable  laws
         of any foreign country or  jurisdiction  where Options are, or will be,
         granted under the Plan.

     (c) "Board" means the Board of Directors of the Company.

     (d) "Code" means the Internal Revenue Code of 1986, as amended.

     (e) "Committee"  means a committee of  Directors  appointed by the Board in
         accordance with Section 4 of the Plan.

     (f) "Common Stock" means the Common Stock of the Company.

     (g) "Company" means Spectrian Corporation, a Delaware corporation.

     (h) "Consultant"  means any person,  including  an advisor,  engaged by the
         Company or a Parent or Subsidiary to render services to such entity.

     (i) "Director" means a member of the Board.

     (j) "Disability" means total and permanent disability as defined in Section
         22(e)(3) of the Code.

     (k) "Employee"  means  any  person,  including  Officers,  employed  by the
         Company or any Parent or Subsidiary of the Company.  A Service Provider
         shall  not  cease to be an  Employee  in the  case of (i) any  leave of
         absence

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         approved  by the Company or (ii)  transfers  between  locations  of the
         Company or between the  Company,  its Parent,  any  Subsidiary,  or any
         successor.  Neither  service as a Director  nor payment of a director's
         fee by the Company shall be sufficient  to constitute  "employment"  by
         the Company.

     (l) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (m) "Executive  Officer"  means an individual  who is named as an executive
         officer  in the  Company's  annual  report on Form 10-K  filed with the
         Securities and Exchange Commission pursuant to the Exchange Act.

     (n) "Fair Market  Value" means,  as of any date,  the value of Common Stock
         determined as follows:

         (i)    If the Common Stock is listed on any established  stock exchange
                or a national market system,  including  without  limitation the
                NASDAQ  National  Market or The  NASDAQ  SmallCap  Market of The
                NASDAQ Stock Market,  its Fair Market Value shall be the closing
                sales price for such stock (or the closing bid, if no sales were
                reported)  as quoted  on such  exchange  or system  for the last
                market  trading  day  prior  to the  time of  determination,  as
                reported in The Wall Street  Journal or such other source as the
                Administrator deems reliable;

         (ii)   If  the  Common  Stock  is  regularly  quoted  by  a  recognized
                securities dealer but selling prices are not reported,  the Fair
                Market  Value  of a Share  of  Common  Stock  shall  be the mean
                between the high bid and low asked  prices for the Common  Stock
                on  the  last   market   trading   day   prior  to  the  day  of
                determination,  as reported  in The Wall Street  Journal or such
                other source as the Administrator deems reliable;

         (iii)  In the absence of an  established  market for the Common  Stock,
                the Fair Market Value shall be  determined  in good faith by the
                Administrator.

     (o) "Notice  of Grant"  means a written  or  electronic  notice  evidencing
         certain terms and conditions of an individual  Option grant. The Notice
         of Grant is part of the Option Agreement.

     (p) "Officer"  means a person who is an officer of the  Company  within the
         meaning of Section 16 of the Exchange Act and the rules and regulations
         promulgated thereunder.

     (q) "Option"  means a  nonstatutory  stock option  granted  pursuant to the
         Plan,  that is not  intended to qualify as an  incentive  stock  option
         within  the  meaning  of  Section  422 of the Code and the  regulations
         promulgated thereunder.

     (r) "Option  Agreement"  means an  agreement  between  the  Company  and an
         Optionee  evidencing the terms and  conditions of an individual  Option
         grant.  The Option  Agreement is subject to the terms and conditions of
         the Plan.

     (s) "Optioned Stock" means the Common Stock subject to an Option.

     (t) "Optionee" means the holder of an outstanding  Option granted under the
         Plan.

     (u) "Parent"  means  a  "parent  corporation,"  whether  now  or  hereafter
         existing, as defined in Section 424(e) of the Code.

     (v) "Plan" means this 1998 Nonstatutory Stock Option Plan.

     (w) "Service Provider" means an Employee  including an Officer,  Consultant
         or Director.

     (x) "Share"  means a share of the Common  Stock,  as adjusted in accordance
         with Section 12 of the Plan.

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     (y) "Subsidiary" means a "subsidiary corporation," whether now or hereafter
         existing, as defined in Section 424(f) of the Code.

3.   Stock Subject to the Plan.  Subject to the  provisions of Section 12 of the
     Plan, the maximum aggregate number of Shares which may be optioned and sold
     under the Plan is  1,400,000  Shares.  The  Shares may be  authorized,  but
     unissued, or reacquired Common Stock.

     If an Option expires or becomes unexercisable without having been exercised
     in full,  the  unpurchased  Shares which were subject  thereto shall become
     available  for  future  grant or sale under the Plan  (unless  the Plan has
     terminated); however, in no event may any outstanding Option be surrendered
     in exchange for an Option with a lower exercise price.

4.   Administration of the Plan.

     (a) Administration. The Plan shall be administered by (i) the Board or (ii)
         a Committee, which committee shall be constituted to satisfy Applicable
         Laws.

     (b) Powers of the Administrator. Subject to the provisions of the Plan, and
         in the case of a Committee, subject to the specific duties delegated by
         the  Board  to  such  Committee,   the  Administrator  shall  have  the
         authority, in its discretion:

         (i)    to determine the Fair Market Value of the Common Stock;

         (ii)   to select the Service  Providers  to whom Options may be granted
                hereunder;

         (iii)  to  determine  whether  and to what  extent  Options are granted
                hereunder;

         (iv)   to determine  the number of shares of Common Stock to be covered
                by each Option granted hereunder;

         (v)    to approve forms of agreement for use under the Plan;

         (vi)   to determine the terms and conditions, not inconsistent with the
                terms of the Plan,  of any award granted  hereunder.  Such terms
                and  conditions  include,  but are not limited to, the  exercise
                price,  the time or times when Options may be  exercised  (which
                may be based on performance criteria),  any vesting acceleration
                or waiver of forfeiture  restrictions,  and any  restriction  or
                limitation  regarding  any Option or the shares of Common  Stock
                relating  thereto,  based in each  case on such  factors  as the
                Administrator, in its sole discretion, shall determine;

         (vii)  to  construe  and  interpret  the  terms of the Plan and  awards
                granted pursuant to the Plan;

         (viii) to prescribe,  amend and rescind rules and regulations  relating
                to  the  Plan,  including  rules  and  regulations  relating  to
                sub-plans   established   for  the  purpose  of  qualifying  for
                preferred tax treatment under foreign tax laws;

         (ix)   to modify or amend each Option  (subject to Section 14(b) of the
                Plan),  including  the  discretionary  authority  to extend  the
                post-termination exercisability period of Options longer than is
                otherwise provided for in the Plan;

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         (x)    to authorize  any person to execute on behalf of the Company any
                instrument  required to effect the grant of an Option previously
                granted by the Administrator;

         (xi)   to determine the terms and restrictions applicable to Options;

         (xii)  to allow  Optionees to satisfy  withholding  tax  obligations by
                electing  to have the  Company  withhold  from the  Shares to be
                issued upon exercise of an Option that number of Shares having a
                Fair Market  Value equal to the amount  required to be withheld.
                The Fair  Market  Value of the  Shares to be  withheld  shall be
                determined  on the date that the amount of tax to be withheld is
                to be  determined.  All  elections by an Optionee to have Shares
                withheld for this  purpose  shall be made in such form and under
                such  conditions  as the  Administrator  may deem  necessary  or
                advisable; and

         (xiii) to make all other  determinations  deemed necessary or advisable
                for administering the Plan.

     (c) Effect of  Administrator's  Decision.  The  Administrator's  decisions,
         determinations  and  interpretations  shall be final and binding on all
         Optionees and any other holders of Options.

5.   Eligibility.  Options  may  be  granted  to  Service  Providers;  provided,
     however,  that  notwithstanding  anything to the contrary  contained in the
     Plan, Options may not be granted to Executive Officers and Directors.

6.   Limitation.  Neither the Plan nor any Option  shall confer upon an Optionee
     any right with  respect to  continuing  the  Optionee's  relationship  as a
     Service Provider with the Company, nor shall they interfere in any way with
     the Optionee's right or the Company's right to terminate such  relationship
     at any time, with or without cause.

7.   Term of Plan.  The Plan shall  become  effective  upon its  adoption by the
     Board.  It shall  continue  in effect  for ten (10)  years,  unless  sooner
     terminated under Section 14 of the Plan.

8.   Term of  Option.  The term of each  Option  shall be stated  in the  Option
     Agreement.

9.   Option Exercise Price and Consideration.

     (a) Exercise  Price.  The per share  exercise  price  for the  Shares to be
         issued  pursuant to exercise of an Option  shall be  determined  by the
         Administrator,  but in no event shall the  exercise  price be less than
         100% of the Fair Market Value on the date of grant.

     (b) Waiting  Period and Exercise  Dates.  At the time an Option is granted,
         the  Administrator  shall fix the period within which the Option may be
         exercised and shall  determine any  conditions  which must be satisfied
         before the Option may be exercised.

     (c) Form of Consideration. The Administrator shall determine the acceptable
         form of consideration for exercising an Option, including the method of
         payment. Such consideration may consist entirely of:

         (i)    cash;

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         (ii)   check;

         (iii)  promissory note;

         (iv)   other  Shares  which  (A) in the case of  Shares  acquired  upon
                exercise of an option,  have been owned by the Optionee for more
                than six  months on the date of  surrender,  and (B) have a Fair
                Market  Value on the date of  surrender  equal to the  aggregate
                exercise  price of the Shares as to which said  Option  shall be
                exercised;

         (v)    consideration  received by the Company under a cashless exercise
                program implemented by the Company in connection with the Plan;

         (vi)   a  reduction  in the  amount  of any  Company  liability  to the
                Optionee, including any liability attributable to the Optionee's
                participation  in any  Company-sponsored  deferred  compensation
                program or arrangement;

         (vii)  such other  consideration and method of payment for the issuance
                of Shares to the extent permitted by Applicable Laws; or

         (viii) any combination of the foregoing methods of payment.

10.  Exercise of Option.

     (a) Procedure for Exercise;  Rights as a  Stockholder.  Any Option  granted
         hereunder  shall be exercisable  according to the terms of the Plan and
         at  such  times  and  under  such   conditions  as  determined  by  the
         Administrator and set forth in the Option Agreement.  An Option may not
         be exercised for a fraction of a Share.

         An Option  shall be deemed  exercised  when the Company  receives:  (i)
         written or electronic notice of exercise (in accordance with the Option
         Agreement)  from the person  entitled to exercise the Option,  and (ii)
         full  payment  for the  Shares  with  respect  to which  the  Option is
         exercised.  Full payment may consist of any consideration and method of
         payment  authorized  by the  Administrator  and permitted by the Option
         Agreement and the Plan.  Shares issued upon exercise of an Option shall
         be issued in the name of the Optionee or, if requested by the Optionee,
         in the name of the Optionee and his or her spouse. Until the Shares are
         issued  (as  evidenced  by the  appropriate  entry on the  books of the
         Company or of a duly  authorized  transfer  agent of the  Company),  no
         right to vote or receive dividends or any other rights as a stockholder
         shall exist with respect to the  Optioned  Stock,  notwithstanding  the
         exercise of the Option. The Company shall issue (or cause to be issued)
         such Shares promptly after the Option is exercised.  No adjustment will
         be made for a  dividend  or other  right for which the  record  date is
         prior to the date the Shares are issued,  except as provided in Section
         12 of the Plan.

         Exercising an Option in any manner shall  decrease the number of Shares
         thereafter available,  both for purposes of the Plan and for sale under
         the  Option,  by the  number  of  Shares  as to  which  the  Option  is
         exercised.

     (b) Termination  of  Relationship  as a Service  Provider.  If an  Optionee
         ceases to be a Service  Provider,  other than upon the Optionee's death
         or  Disability,  the Optionee may exercise his or her Option,  but only
         within such period of time as is specified in the Option Agreement, and
         only to the extent that the Option is vested on the date of termination
         (but in no event later than the  expiration  of the term of such Option
         as set forth in the Option  Agreement).  In the  absence of a specified
         time in the Option Agreement,  the Option shall remain  exercisable for
         three (3) months following the Optionee's termination.  If, on the date
         of  termination,  the  Optionee  is not  vested as to his or her entire
         Option,  the Shares covered by the unvested portion of the Option shall
         revert  to the Plan.  If,  after  termination,  the  Optionee  does not
         exercise  his  or  her  Option   within  the  time   specified  by  the
         Administrator,  the Option shall  terminate,  and the Shares covered by
         such Option shall revert to the Plan.

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     (c) Disability of Optionee.  If an Optionee ceases to be a Service Provider
         as a result of the Optionee's Disability, the Optionee shall fully vest
         in and have the right to  exercise  his or her  Option as to all of the
         Optioned Stock,  including Shares as to which it would not otherwise be
         vested or  exercisable,  for such period of time as is specified in the
         Option Agreement (but in no event later than the expiration of the term
         of such Option as set forth in the Option Agreement). In the absence of
         a  specified  time in the Option  Agreement,  the Option  shall  remain
         exercisable   for  twelve  (12)   months   following   the   Optionee's
         termination.  If, after termination, the Optionee does not exercise his
         or her  Option  within the time  specified  herein,  the  Option  shall
         terminate,  and the Shares  covered by such Option  shall revert to the
         Plan.

     (d) Death of Optionee. If an Optionee dies while a Service Provider, his or
         her Option shall fully vest and be immediately exercisable as to all of
         the Optioned Stock, including Shares as to which it would not otherwise
         be vested or  exercisable,  for such period of time as is  specified in
         the Option  Agreement (but in no event later than the expiration of the
         term of such  Option  as set  forth in the  Notice  of  Grant),  by the
         Optionee's estate or by a person who acquires the right to exercise the
         Option by bequest or inheritance. In the absence of a specified time in
         the Option  Agreement,  the Option shall remain  exercisable for twelve
         (12) months following the Optionee's termination.  If the Option is not
         so  exercised  within  the time  specified  herein,  the  Option  shall
         terminate,  and the Shares  covered by such Option  shall revert to the
         Plan.

     (e) Buyout  Provisions.  The Administrator may at any time offer to buy out
         for a payment in cash or Shares, an Option previously  granted based on
         such terms and  conditions  as the  Administrator  shall  establish and
         communicate to the Optionee at the time that such offer is made.

11.  Non-Transferability   of  Options.   Unless  determined  otherwise  by  the
     Administrator, an Option may not be sold, pledged, assigned,  hypothecated,
     transferred, or disposed of in any manner other than by will or by the laws
     of descent or distribution and may be exercised, during the lifetime of the
     Optionee,  only by the  Optionee.  If the  Administrator  makes  an  Option
     transferable,   such  Option  shall  contain  such  additional   terms  and
     conditions as the Administrator deems appropriate.

12.  Adjustments upon Changes in  Capitalization,  Dissolution,  Merger or Asset
     Sale.

     (a) Changes  in  Capitalization.  Subject  to any  required  action  by the
         stockholders  of the  Company,  the  number of  shares of Common  Stock
         covered by each outstanding  Option, and the number of shares of Common
         Stock which have been  authorized for issuance under the Plan but as to
         which no Options have yet been  granted or which have been  returned to
         the Plan upon  cancellation or expiration of an Option,  as well as the
         price per  share of  Common  Stock  covered  by each  such  outstanding
         Option, shall be proportionately  adjusted for any increase or decrease
         in the number of issued shares of Common Stock  resulting  from a stock
         split,   reverse   stock  split,   stock   dividend,   combination   or
         reclassification of the Common Stock, or any other increase or decrease
         in the number of issued shares of Common Stock effected without receipt
         of consideration by the Company; provided,  however, that conversion of
         any  convertible  securities of the Company shall not be deemed to have
         been "effected without receipt of consideration." Such adjustment shall
         be made by the Board,  whose  determination  in that  respect  shall be
         final, binding and conclusive.  Except as expressly provided herein, no
         issuance by the Company of shares of stock of any class,  or securities
         convertible  into shares of stock of any class,  shall  affect,  and no
         adjustment by reason  thereof shall be made with respect to, the number
         or price of shares of Common Stock subject to an Option.

     (b) Dissolution or Liquidation. In the event of the proposed dissolution or
         liquidation  of  the  Company,  the  Administrator  shall  notify  each
         Optionee as soon as  practicable  prior to the  effective  date of such
         proposed  transaction.  The Administrator in its discretion may provide
         for an Optionee to have the right to exercise  his or her Option  until
         ten (10) days prior to such transaction as to all of the Optioned Stock
         covered  thereby,

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         including  Shares  as to  which  the  Option  would  not  otherwise  be
         exercisable.  In  addition,  the  Administrator  may  provide  that any
         Company  repurchase  option  applicable  to any Shares  purchased  upon
         exercise of an Option shall lapse as to all such  Shares,  provided the
         proposed  dissolution or liquidation takes place at the time and in the
         manner  contemplated.   To  the  extent  it  has  not  been  previously
         exercised,   an  Option  will  terminate   immediately   prior  to  the
         consummation of such proposed action.

     (c) Merger or Asset Sale.  In the event of a merger of the Company  with or
         into  another  corporation,  or the  sale of  substantially  all of the
         assets of the Company,  each outstanding  Option shall be assumed or an
         equivalent option or right substituted by the successor  corporation or
         a Parent or Subsidiary of the successor corporation.  In the event that
         the  successor  corporation  refuses  to assume or  substitute  for the
         Option, the Optionee shall fully vest in and have the right to exercise
         the  Option as to all of the  Optioned  Stock,  including  Shares as to
         which it would not  otherwise  be vested or  exercisable.  If an Option
         becomes  fully  vested  and   exercisable  in  lieu  of  assumption  or
         substitution  in  the  event  of  a  merger  or  sale  of  assets,  the
         Administrator  shall notify the  Optionee in writing or  electronically
         that the Option shall be fully vested and  exercisable  for a period of
         fifteen  (15) days from the date of such  notice,  and the Option shall
         terminate upon the expiration of such period.  For the purposes of this
         paragraph,  the Option shall be  considered  assumed if,  following the
         merger or sale of  assets,  the  option or right  confers  the right to
         purchase or  receive,  for each Share of  Optioned  Stock,  immediately
         prior to the  merger  or sale of  assets,  the  consideration  (whether
         stock, cash, or other securities or property) received in the merger or
         sale of assets by  holders  of Common  Stock for each Share held on the
         effective date of the transaction (and if holders were offered a choice
         of consideration,  the type of consideration chosen by the holders of a
         majority of the outstanding Shares);  provided,  however,  that if such
         consideration  received  in the  merger or sale of assets is not solely
         common  stock  of  the  successor   corporation  or  its  Parent,   the
         Administrator  may,  with the  consent  of the  successor  corporation,
         provide for the  consideration  to be received upon the exercise of the
         Option,  for each Share of Optioned  Stock to be solely common stock of
         the successor  corporation  or its Parent equal in fair market value to
         the per share consideration  received by holders of Common Stock in the
         merger or sale of assets.

13.  Date of Grant.  The date of grant of an Option shall be, for all  purposes,
     the date on which the Administrator  makes the determination  granting such
     Option,  or such other later date as is  determined  by the  Administrator.
     Notice of the  determination  shall be provided to each  Optionee  within a
     reasonable time after the date of such grant.

14.  Amendment and Termination of the Plan.

     (a) Amendment  and  Termination.  The Board may at any time  amend,  alter,
         suspend or terminate the Plan.

     (b) Effect  of  Amendment  or   Termination.   No  amendment,   alteration,
         suspension  or  termination  of the Plan shall impair the rights of any
         Optionee, unless mutually agreed otherwise between the Optionee and the
         Administrator,  which  agreement  must be in writing  and signed by the
         Optionee and the Company.  Termination of the Plan shall not affect the
         Administrator's  ability to exercise the powers granted to it hereunder
         with  respect  to options  granted  under the Plan prior to the date of
         such termination.

15.  Conditions Upon Issuance of Shares.

     (a) Legal  Compliance.  Shares shall not be issued pursuant to the exercise
         of an Option  unless the  exercise of such Option and the  issuance and
         delivery of such Shares shall comply with  Applicable Laws and shall be
         further subject to the approval of counsel for the Company with respect
         to such compliance.

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     (b) Investment Representations. As a condition to the exercise of an Option
         the Company may require the person  exercising such Option to represent
         and warrant at the time of any such  exercise that the Shares are being
         purchased only for investment and without any present intention to sell
         or  distribute  such  Shares  if, in the  opinion  of  counsel  for the
         Company, such a representation is required.

16.  Inability  to Obtain  Authority.  The  inability  of the  Company to obtain
     authority from any regulatory body having jurisdiction,  which authority is
     deemed by the Company's  counsel to be necessary to the lawful issuance and
     sale of any Shares hereunder, shall relieve the Company of any liability in
     respect  of the  failure  to issue or sell  such  Shares  as to which  such
     requisite authority shall not have been obtained.

17.  Reservation of Shares.  The Company,  during the term of this Plan, will at
     all times  reserve  and keep  available  such  number of Shares as shall be
     sufficient to satisfy the requirements of the Plan.

                                      -17-

<PAGE>

                              SPECTRIAN CORPORATION

                       1998 NONSTATUTORY STOCK OPTION PLAN

                             STOCK OPTION AGREEMENT

Unless  otherwise  defined herein,  the terms defined in the Plan shall have the
same defined meanings in this Option Agreement.

I.     NOTICE OF STOCK OPTION GRANT

       [Optionee's Name and Address]

       You have been granted an option to purchase  Common Stock of the Company,
       subject  to  the  terms  and  conditions  of the  Plan  and  this  Option
       Agreement, as follows:

       Grant Number:
                                            ------------------------------------

       Date of Grant:
                                            ------------------------------------

       Vesting Commencement Date:
                                            ------------------------------------

       Exercise Price per Share:            $
                                             -----------------------------------

       Total Number of Shares Granted:
                                            ------------------------------------

       Total Exercise Price:                $
                                             -----------------------------------

       Type of Option:                      Nonstatutory Stock Option
                                            ------------------------------------

       Term/Expiration Date:
                                            ------------------------------------

       Vesting Schedule:

              Subject to the  Optionee  continuing  to be a Service  Provider on
              such  dates,  this  Option  shall vest and become  exercisable  in
              accordance with the following schedule:

       Termination Period:

              This  Option may be  exercised  for three  months  after  Optionee
              ceases to be a Service  Provider.  Upon the death or Disability of
              the Optionee,  this Option may be exercised for such longer period
              as  provided  in the  Plan.  In no  event  shall  this  Option  be
              exercised later than the Term/Expiration Date as provided above.

                                      -18-

<PAGE>

II.    AGREEMENT

       1.  Grant of Option.  The Plan Administrator of the Company hereby grants
           to the  Optionee  named in the Notice of Grant  attached as Part I of
           this Agreement (the  "Optionee") an option (the "Option") to purchase
           the  number of Shares,  as set forth in the  Notice of Grant,  at the
           exercise  price  per share  set  forth in the  Notice  of Grant  (the
           "Exercise  Price"),  subject to the terms and conditions of the Plan,
           which is incorporated  herein by reference.  Subject to Section 14(b)
           of the  Plan,  in the  event of a  conflict  between  the  terms  and
           conditions  of the Plan and the terms and  conditions  of this Option
           Agreement, the terms and conditions of the Plan shall prevail.

       2.  Exercise of Option.

           (a)  Right to Exercise. This Option is exercisable during its term in
                accordance  with the Vesting  Schedule  set out in the Notice of
                Grant and the applicable  provisions of the Plan and this Option
                Agreement.

            (b) Method of Exercise. This Option is exercisable by delivery of an
                exercise  notice,  in  the  form  attached  as  Exhibit  A  (the
                "Exercise  Notice"),  which shall state the election to exercise
                the Option,  the number of Shares in respect of which the Option
                is being  exercised  (the  "Exercised  Shares"),  and such other
                representations and agreements as may be required by the Company
                pursuant to the  provisions  of the Plan.  The  Exercise  Notice
                shall be completed by the Optionee and delivered to [Title]. The
                Exercise Notice shall be accompanied by payment of the aggregate
                Exercise Price as to all Exercised Shares.  This Option shall be
                deemed to be exercised upon receipt by the Company of such fully
                executed Exercise Notice  accompanied by such aggregate Exercise
                Price.

                No  Shares  shall be issued  pursuant  to the  exercise  of this
                Option   unless  such   issuance  and  exercise   complies  with
                Applicable  Laws.  Assuming  such  compliance,  for  income  tax
                purposes the Exercised Shares shall be considered transferred to
                the Optionee on the date the Option is exercised with respect to
                such Exercised Shares.

       3.  Method of Payment.  Payment of the aggregate  Exercise Price shall be
           by any of the following, or a combination thereof, at the election of
           the Optionee:

           (a)  cash;

           (b)  check;

           (c)  consideration  received by the Company under a cashless exercise
                program  implemented by the Company in connection with the Plan;
                or

           (d)  surrender  of  other  Shares  which  (i) in the  case of  Shares
                acquired  upon  exercise  of an  option,  have been owned by the
                Optionee for more than six (6) months on the date of  surrender,
                and (ii) have a Fair Market Value on the date of surrender equal
                to the aggregate Exercise Price of the Exercised Shares.

       4.  Non-Transferability  of Option. This Option may not be transferred in
           any  manner  otherwise  than  by will or by the  laws of  descent  or
           distribution  and may be  exercised  during the  lifetime of Optionee
           only by the Optionee. The terms of the Plan and this Option Agreement
           shall  be  binding  upon  the   executors,   administrators,   heirs,
           successors and assigns of the Optionee.

       5.  Term of Option. This Option may be exercised only within the term set
           out in the Notice of Grant,  and may be  exercised  during  such term
           only in  accordance  with  the  Plan  and the  terms  of this  Option
           Agreement.

       6.  Tax  Consequences.  Some of the federal tax consequences  relating to
           this Option, as of the date of this Option, are set forth below. THIS
           SUMMARY IS NECESSARILY  INCOMPLETE,  AND THE TAX LAWS AND

                                      -19-

<PAGE>

           REGULATIONS ARE SUBJECT TO CHANGE.  THE OPTIONEE SHOULD CONSULT A TAX
           ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

           (a)  Exercising  the Option.  The Optionee may incur regular  federal
                income tax liability  upon exercise of an NSO. The Optionee will
                be treated as having  received  compensation  income (taxable at
                ordinary  income tax rates) equal to the excess,  if any, of the
                Fair  Market  Value  of the  Exercised  Shares  on the  date  of
                exercise over their aggregate Exercise Price. If the Optionee is
                an Employee or a former  Employee,  the Company will be required
                to  withhold  from  his  or her  compensation  or  collect  from
                Optionee and pay to the applicable taxing  authorities an amount
                in cash equal to a percentage of this compensation income at the
                time of  exercise,  and may  refuse  to honor the  exercise  and
                refuse to deliver  Shares if such  withholding  amounts  are not
                delivered at the time of exercise.

           (b)  Disposition  of Shares.  If the Optionee holds NSO Shares for at
                least one year,  any gain realized on  disposition of the Shares
                will be treated as long-term capital gain for federal income tax
                purposes.

       7.  Entire Agreement;  Governing Law. The Plan is incorporated  herein by
           reference.  The Plan and this Option Agreement  constitute the entire
           agreement of the parties with  respect to the subject  matter  hereof
           and supersede in their entirety all prior undertakings and agreements
           of the  Company  and  Optionee  with  respect to the  subject  matter
           hereof, and may not be modified adversely to the Optionee's  interest
           except by means of a writing signed by the Company and Optionee. This
           agreement is governed by the internal  substantive  laws, but not the
           choice of law rules, of California.

       8.  NO GUARANTEE OF CONTINUED SERVICE.  OPTIONEE  ACKNOWLEDGES AND AGREES
           THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS
           EARNED ONLY BY  CONTINUING  AS A SERVICE  PROVIDER AT THE WILL OF THE
           COMPANY  (AND NOT THROUGH THE ACT OF BEING  HIRED,  BEING  GRANTED AN
           OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES
           AND  AGREES  THAT  THIS  AGREEMENT,  THE  TRANSACTIONS   CONTEMPLATED
           HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE
           AN EXPRESS OR IMPLIED  PROMISE OF CONTINUED  ENGAGEMENT  AS A SERVICE
           PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL
           NOT  INTERFERE  WITH  OPTIONEE'S  RIGHT  OR THE  COMPANY'S  RIGHT  TO
           TERMINATE OPTIONEE'S  RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME,
           WITH OR WITHOUT CAUSE.

By your signature and the signature of the Company's  representative  below, you
and the  Company  agree that this  Option is granted  under and  governed by the
terms  and  conditions  of the Plan  and this  Option  Agreement.  Optionee  has
reviewed  the Plan and  this  Option  Agreement  in their  entirety,  has had an
opportunity  to obtain the  advice of counsel  prior to  executing  this  Option
Agreement and fully understands all provisions of the Plan and Option Agreement.
Optionee hereby agrees to accept as binding,  conclusive and final all decisions
or  interpretations of the Administrator upon any questions relating to the Plan
and Option  Agreement.  Optionee  further  agrees to notify the Company upon any
change in the residence address indicated below.

                                      -20-

<PAGE>

OPTIONEE                                  SPECTRIAN CORPORATION

--------------------------------------    --------------------------------------
Signature                                 By

--------------------------------------    --------------------------------------
Print Name                                Title

--------------------------------------

--------------------------------------
Residence Address

                                      -21-

<PAGE>

                                                                       EXHIBIT A

                              SPECTRIAN CORPORATION

                       1998 NONSTATUTORY STOCK OPTION PLAN

                                 EXERCISE NOTICE

Spectrian Corporation
350 West Java Drive
Sunnyvale, CA  94089

Attention: Secretary

1.     Exercise  of  Option.   Effective  as  of  today,   ____________________,
       ________,  the  undersigned   ("Purchaser")  hereby  elects  to  purchase
       ______________  shares (the  "Shares")  of the Common  Stock of Spectrian
       Corporation (the "Company")  under and pursuant to the 1998  Nonstatutory
       Stock  Option Plan (the  "Plan")  and the Stock  Option  Agreement  dated
       __________________, ________ (the "Option Agreement"). The purchase price
       for the Shares  shall be  $_________________,  as  required by the Option
       Agreement.

2.     Delivery of Payment.  Purchaser herewith delivers to the Company the full
       purchase price for the Shares.

3.     Representations of Purchaser.  Purchaser  acknowledges that Purchaser has
       received,  read and  understood  the Plan and the  Option  Agreement  and
       agrees to abide by and be bound by their terms and conditions.

4.     Rights  as   Stockholder.   Until  the  issuance  (as  evidenced  by  the
       appropriate  entry on the books of the  Company  or of a duly  authorized
       transfer agent of the Company) of the Shares, no right to vote or receive
       dividends or any other rights as a  stockholder  shall exist with respect
       to the Optioned Stock,  notwithstanding  the exercise of the Option.  The
       Shares so acquired shall be issued to the Optionee as soon as practicable
       after exercise of the Option.  No adjustment  will be made for a dividend
       or  other  right  for  which  the  record  date is  prior  to the date of
       issuance, except as provided in Section 12 of the Plan.

5.     Tax Consultation. Purchaser understands that Purchaser may suffer adverse
       tax  consequences  as a result of Purchaser's  purchase or disposition of
       the Shares.  Purchaser  represents  that Purchaser has consulted with any
       tax consultants Purchaser deems advisable in connection with the purchase
       or  disposition  of the Shares and that  Purchaser  is not relying on the
       Company for any tax advice.

6.     Entire  Agreement;  Governing  Law.  The Plan and  Option  Agreement  are
       incorporated herein by reference. This Agreement, the Plan and the Option
       Agreement  constitute the entire agreement of the parties with respect to
       the subject  matter  hereof and  supersede  in their  entirety  all prior
       undertakings  and agreements of the Company and Purchaser with respect to
       the  subject  matter  hereof,  and may not be modified  adversely  to the
       Purchaser's  interest  except by means of a writing signed by the Company
       and  Purchaser.  This  agreement is governed by the internal  substantive
       laws, but not the choice of law rules, of California.

                                      -22-

<PAGE>

Submitted by:                             Accepted by:

PURCHASER                                 SPECTRIAN CORPORATION

--------------------------------------    --------------------------------------
Signature                                 By

--------------------------------------    --------------------------------------
Print Name                                Title

                                          --------------------------------------
                                          Date Received

                                          350 West Java Drive
--------------------------------------    --------------------------------------

                                          Sunnyvale, CA  94089
--------------------------------------    --------------------------------------

Address                                   Address

                                      -23-Exhibit 4.2

                              SPECTRIAN CORPORATION

                          NOTICE OF STOCK OPTION GRANT

Thomas H. Waechter
3052 Crestablanca Drive
Pleasanton, CA  94566

You  have  been  granted  an  option  to  purchase  Common  Stock  of  Spectrian
Corporation (the "Company")  outside of any of the Company's stock option plans,
subject to the terms of the Spectrian Corporation 1998 Nonstatutory Stock Option
Plan (the "Plan") and this Option Agreement, as follows:

       Grant Number:                             A4612
                                        ----------------------------------------

       Date of Grant:                            March 31, 2000
                                        ----------------------------------------

       Vesting Commencement Date:                March 31, 2000
                                        ----------------------------------------

       Exercise Price per Share:                 $23.0625
                                        ----------------------------------------

       Total Number of Shares Granted:           250,000
                                        ----------------------------------------

       Type of Option:                           Nonstatutory Stock Option
                                        ----------------------------------------

       Term/Expiration Date:                     March 31, 2010
                                        ----------------------------------------

       Vesting Schedule:

              Subject to the  Optionee  continuing  to be a Service  Provider on
              such  dates,  this  Option  shall vest and become  exercisable  in
              accordance with the following schedule:

              This Option shall be  exercisable  cumulatively,  to the extent of
              1/48th  of the  total  Number  of  Shares  Granted  for each  full
              calendar  month of the Optionee's  Continuous  Status as a Service
              Provider since the Vesting Commencement Date;  provided,  however,
              that this Option shall not be  exercisable  prior to one year from
              the Vesting Commencement Date.

       Termination Period:

              This  Option may be  exercised  for three  months  after  Optionee
              ceases to be a Service  Provider.  Upon the death or Disability of
              the Optionee,  this Option may be exercised for such longer period
              as  provided  in the  Plan.  In no  event  shall  this  Option  be
              exercised later than the Term/Expiration Date as provided above.

SPECTRIAN CORPORATION

By:               /s/ Garrett A. Garrettson
         --------------------------------------------------------------
Title:            President, Chief Executive Officer and Director
         --------------------------------------------------------------

This Notice of Grant does not represent a stock  interest in the Company,  which
shall occur only upon the exercise of this stock option pursuant to its terms.

                                      -24-

<PAGE>

                              SPECTRIAN CORPORATION

                             STOCK OPTION AGREEMENT

1.     Grant of Option.  The Plan  Administrator  of  Spectrian  Corporation,  a
       Delaware corporation (the "Company"), hereby grants to the Optionee named
       in the Notice of Grant (the  "Optionee"),  an option  (the  "Option")  to
       purchase  a total  number of shares of Common  Stock (the  "Shares")  set
       forth in the Notice of Grant,  at the exercise  price per share set forth
       in the  Notice of Grant  (the  "Exercise  Price")  subject  to the terms,
       definitions and provisions of the Spectrian Corporation 1998 Nonstatutory
       Stock  Option  Plan  (the  "Plan")  adopted  by  the  Company,  which  is
       incorporated  herein by reference.  Unless otherwise defined herein,  the
       terms  defined in the Plan shall have the same  defined  meanings in this
       Option.

       This Option is a Nonstatutory Stock Option.

2.     Exercise of Option.  This Option shall be exercisable  during its term in
       accordance  with the Vesting  Schedule set out in the Notice of Grant and
       with the provisions of Section 9 and 10 of the Plan as follows:

       (i)    Right to Exercise.

              (a) This Option may not be exercised for a fraction of a share.

              (b) In  the  event  of  Optionee's  death,   disability  or  other
                  termination of employment, the exercisability of the Option is
                  governed  by  Sections  7,  8  and 9  below,  subject  to  the
                  limitation contained in subsection 2(i)(c).

              (c) In no event  may this  Option be  exercised  after the date of
                  expiration  of the  term of this  Option  as set  forth in the
                  Notice of Grant.

       (ii)   Method of Exercise.  This Option shall be  exercisable  by written
              notice (in the form  available from the Company) which shall state
              the  election  to  exercise  the  Option,  the number of Shares in
              respect  of which the  Option is being  exercised,  and such other
              representations  and  agreements  as to  the  holder's  investment
              intent  with  respect  to such  shares of  Common  Stock as may be
              required by the Company  pursuant to the  provisions  of the Plan.
              Such  written  notice shall be signed by the Optionee and shall be
              delivered in person or by certified  mail to the  Secretary of the
              Company. The written notice shall be accompanied by payment of the
              exercise  price.  This Option shall be deemed to be exercised upon
              receipt by the Company of such written  notice  accompanied by the
              Exercise Price.

              No Shares  will be issued  pursuant  to the  exercise of an Option
              unless  such  issuance  and such  exercise  shall  comply with all
              relevant  provisions  of law and  the  requirements  of any  stock
              exchange  upon which the Shares may then be listed.  Assuming such
              compliance, for income tax purposes the Shares shall be considered
              transferred  to the  Optionee  on the date on which the  Option is
              exercised with respect to such Shares.

3.     Optionee's Representations.  In the event the Shares purchasable pursuant
       to the  exercise  of this  Option  have not  been  registered  under  the
       Securities Act of 1933, as amended, at the time this Option is exercised,
       Optionee  shall,

                                      -25-

<PAGE>

       if required by the Company,  concurrently with the exercise of all or any
       portion  of  this   Option,   deliver  to  the  Company  his   Investment
       Representation  Statement in the form provided by the Company,  and shall
       read the applicable rules of the Commissioner of Corporations attached to
       such Investment Representation Statement.

4.     Method of Payment.  Payment of the Exercise  Price shall be by any of the
       following, or a combination thereof, at the election of the Optionee:

       (i)    cash; or

       (ii)   check; or

       (iii)  surrender of other shares of Common Stock of the Company which (A)
              either  have  been  owned by the  Optionee  for more  than six (6)
              months on the date of surrender or were not acquired,  directly or
              indirectly,  from the Company and (B) have a fair market  value on
              the date of surrender equal to the Exercise Price of the Shares as
              to which the Option is being exercised.

5.     Restrictions  on Exercise.  This Option may not be  exercised  until such
       time as the Plan has been approved by the Directors of the Company, or if
       the  issuance of such Shares upon such  exercise or the method of payment
       of  consideration  for such shares  would  constitute  a violation of any
       applicable  federal  or  state  securities  or other  law or  regulation,
       including  any rule  under  Part  207 of Title 12 of the Code of  Federal
       Regulations ("Regulation G") as promulgated by the Federal Reserve Board.
       As a condition to the  exercise of this  Option,  the Company may require
       Optionee to make any representation and warranty to the Company as may be
       required by any applicable law or regulation.

6.     Section 16  Restrictions.  Options  granted to persons who are subject to
       Section 16 of the Exchange Act  ("Insiders")  may not be exercised  for a
       period of at least six months from the date of grant,  except in the case
       of death or disability.

7.     Termination of Relationship. In the event Optionee's Continuous Status as
       a Service Provider,  Employee or consultant terminates,  Optionee may, to
       the extent  otherwise  so entitled at the date of such  termination  (the
       "Termination  Date"),  exercise this Option during the Termination Period
       set out in the  Notice of Grant.  To the  extent  that  Optionee  was not
       entitled to exercise this Option at the date of such  termination,  or if
       the Optionee  does not  exercise  this Option  within the time  specified
       herein, the Option shall terminate.

8.     Disability  of  Optionee.  Notwithstanding  the  provisions  of Section 7
       above, in the event Optionee's  Continuous  Status as a Service Provider,
       Employee  or  Consultant  terminates  as a result of total and  permanent
       disability  (as defined in Section  22(e)(3) of the Code),  Optionee may,
       but only  within  twelve  (12)  months  from the date of  termination  of
       employment  or  consultancy  (but in no  event  later  than  the  date of
       expiration  of the term of this Option as set forth in Section 11 below),
       exercise  the Option to the extent  otherwise  so entitled at the date of
       such  termination.  To the  extent  that  Optionee  was not  entitled  to
       exercise the Option at the date of  termination,  or if Optionee does not
       exercise  such Option (to the extent  otherwise so  entitled)  within the
       time specified herein, the Option shall terminate.

                                      -26-

<PAGE>

9.     Death of Optionee.  The Option may be exercised at any time within twelve
       (12) months  after the  Optionee's  death (but in no event later than the
       date of  expiration of the term of this Option as set forth in Section 11
       below),  by  Optionee's  estate or by a person who  acquired the right to
       exercise the Option by bequest or inheritance, but only to the extent the
       Optionee could exercise the Option at the date of death.

10.    Non-Transferability  of Option.  This  Option may not be  transferred  or
       assigned in any manner  otherwise  than by will or by the laws of descent
       or distribution and may be exercised during the lifetime of Optionee only
       by him.  The terms of this Option  shall be binding  upon the  executors,
       administrators, heirs, successors and assigns of the Optionee.

11.    Term of Option. This Option may be exercised only within the term set out
       in the Notice of Grant,  and may be  exercised  during  such term only in
       accordance with the Plan and the terms of this Option.

12.    Tax Consequences.  Some of the federal tax consequences  relating to this
       Option, as of the date of this Option,  are set forth below. THIS SUMMARY
       IS NECESSARILY  INCOMPLETE,  AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
       TO CHANGE.  THE OPTIONEE  SHOULD CONSULT A TAX ADVISER BEFORE  EXERCISING
       THIS OPTION OR DISPOSING OF THE SHARES.

       (a)    Exercising  the Option.  The  Optionee may incur  regular  federal
              income tax liability upon exercise of an NSO. The Optionee will be
              treated  as  having  received   compensation  income  (taxable  at
              ordinary  income tax rates)  equal to the  excess,  if any, of the
              Fair Market Value of the Exercised  Shares on the date of exercise
              over  their  aggregate  Exercise  Price.  If  the  Optionee  is an
              Employee or a former  Employee,  the  Company  will be required to
              withhold from his or her compensation or collect from Optionee and
              pay to the applicable  taxing  authorities an amount in cash equal
              to a  percentage  of  this  compensation  income  at the  time  of
              exercise,  and may  refuse to honor  the  exercise  and  refuse to
              deliver  Shares if such  withholding  amounts are not delivered at
              the time of exercise.

       (b)    Disposition  of Shares.  If the  Optionee  holds NSO Shares for at
              least one year,  any gain  realized on  disposition  of the Shares
              will be treated as long-term  capital gain for federal  income tax
              purposes.

OPTIONEE  ACKNOWLEDGES  AND AGREES  THAT THE  VESTING OF SHARES  PURSUANT TO THE
OPTION HEREOF IS EARNED ONLY BY CONTINUING CONSULTANCY OR EMPLOYMENT AT THE WILL
OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR
ACQUIRING  SHARES  HEREUNDER).  OPTIONEE  FURTHER  ACKNOWLEDGES  AND AGREES THAT
NOTHING IN THIS OPTION, NOR IN THE COMPANY'S 1998 NONSTATUTORY STOCK OPTION PLAN
WHICH IS INCORPORATED HEREIN BY REFERENCE,  SHALL CONFER UPON OPTIONEE ANY RIGHT
WITH RESPECT TO  CONTINUATION  OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY,  NOR
SHALL IT INTERFERE IN ANY WAY WITH HIS RIGHT OR THE COMPANY'S RIGHT TO TERMINATE
HIS EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE.

                                      -27-

<PAGE>

Optionee  acknowledges  receipt of a copy of the Plan and  certain  information,
related thereto and represents that he is familiar with the terms and provisions
thereof,  and  hereby  accepts  this  Option  subject  to all of the  terms  and
provisions of the Plan.  Optionee has reviewed the Plan and this Option in their
entirety,  has had an  opportunity  to obtain  the  advice of  counsel  prior to
executing  this Option and fully  understands  all  provisions  relating to this
Option.  Optionee  hereby agrees to accept as binding,  conclusive and final all
decisions or  interpretations  of the Board upon any questions arising under the
Plan or this Option.

       /s/ Thomas H. Waechter
--------------------------------------------
Optionee Signature

       April 10, 2000
--------------------------------------------

Date

                                      -28-

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