FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Monarch Alternative Capital LP

(Last)(First)(Middle)
535 MADISON AVENUE, 17TH FLOOR

(Street)
NEW YORKNY10022

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
SILICON GRAPHICS INC [SGIC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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. 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)
CodeVAmount(A) or (D)Price

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 Security3. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) $ 18.03 08/27/2008 P  12,500  12/01/200711/30/2011 Common Stock 12,500 (2) 12,500 I See footnote (1)
1. Name and Address of Reporting Person*
Monarch Alternative Capital LP

(Last)(First)(Middle)
535 MADISON AVENUE, 17TH FLOOR

(Street)
NEW YORKNY10022

(City)(State)(Zip)
1. Name and Address of Reporting Person*
Monarch Debt Recovery Master Fund Ltd

(Last)(First)(Middle)
535 MADISON AVENUE, 17TH FLOOR

(Street)
NEW YORKNY10022

(City)(State)(Zip)
Explanation of Responses:
1. The securities reported herein are directly beneficially owned by certain funds (the "Funds") to which Monarch Alternative Capital LP ("MAC") acts as investment advisor. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended, MAC may be deemed to be the beneficial owner of the securities beneficially owned by the Funds. MAC disclaims beneficial ownership of all such securities, except to the extent of any indirect pecuniary interest therein.
2. These stock options were granted to Chun Won Yi, an employee of MAC, on December 1, 2006 as compensation for his service on the board of directors of the issuer. The options vested on December 1, 2007.
 
Remarks:
Exhibit List:

Exhibit 99.1: Joint Filer Information - Monarch Debt Recovery Master Fund Ltd
MONARCH ALTERNATIVE CAPITAL LP By: MDRA GP LP, its general partner, By: Monarch GP LLC, its general partner, By: /s/ Michael Weinstock, Managing Member08/29/2008
MONARCH DEBT RECOVERY MASTER FUND LTD By: /s/ Michael Weinstock, Director08/29/2008
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

                                                                    Exhibit 99.1


                              Attachment to Form 4


                             JOINT FILER INFORMATION


Name and Address:                              Monarch Debt Recovery Master
                                               Fund Ltd
                                               535 Madison Avenue
                                               17th Floor
                                               New York, NY  10022


Date of Earliest Transaction Required
    to be Reported                             08/27/08
Issuer and Ticker Symbol:                      Silicon Graphics, Inc. (SGIC)
Relationship to Issuer:                        10% Owner
Designated Filer:                              Monarch Alternative Capital LP


TABLE I INFORMATION


None.


TABLE II INFORMATION


Title of Derivative Security:                  Stock Option (right to buy)
Conversion or Exercise Price of
    Derivative Security                        $18.03
Transaction Date:                              08/27/08
Transaction Code:                              P
Number of Derivative Securities Acquired (A):  8,428
Date Exercisable                               12/01/2007
Expiration Date:                               11/30/2011
Title of Underlying Securities:                Common Stock
Amount of Underlying Securities:               8,428
Price of Derivative Security:                  (2)
Number of Derivative Securities Beneficially
    Owned Following Reported Transactions      8,428
Ownership Form of Derivative Security:         D
Nature of Indirect Beneficial Ownership:       n/a











 
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