diff --git a/drivers/net/vmxnet3/vmxnet3_drv.c b/drivers/net/vmxnet3/vmxnet3_drv.c
index 8b39c160743d..b466a422b72d 100644
--- a/drivers/net/vmxnet3/vmxnet3_drv.c
+++ b/drivers/net/vmxnet3/vmxnet3_drv.c
@@ -977,6 +977,8 @@ vmxnet3_tq_xmit(struct sk_buff *skb, struct vmxnet3_tx_queue *tq,
 {
 	int ret;
 	u32 count;
+	int num_pkts;
+	int tx_num_deferred;
 	unsigned long flags;
 	struct vmxnet3_tx_ctx ctx;
 	union Vmxnet3_GenericDesc *gdesc;
@@ -1075,12 +1077,12 @@ vmxnet3_tq_xmit(struct sk_buff *skb, struct vmxnet3_tx_queue *tq,
 #else
 	gdesc = ctx.sop_txd;
 #endif
+	tx_num_deferred = le32_to_cpu(tq->shared->txNumDeferred);
 	if (ctx.mss) {
 		gdesc->txd.hlen = ctx.eth_ip_hdr_size + ctx.l4_hdr_size;
 		gdesc->txd.om = VMXNET3_OM_TSO;
 		gdesc->txd.msscof = ctx.mss;
-		le32_add_cpu(&tq->shared->txNumDeferred, (skb->len -
-			     gdesc->txd.hlen + ctx.mss - 1) / ctx.mss);
+		num_pkts = (skb->len - gdesc->txd.hlen + ctx.mss - 1) / ctx.mss;
 	} else {
 		if (skb->ip_summed == CHECKSUM_PARTIAL) {
 			gdesc->txd.hlen = ctx.eth_ip_hdr_size;
@@ -1091,8 +1093,10 @@ vmxnet3_tq_xmit(struct sk_buff *skb, struct vmxnet3_tx_queue *tq,
 			gdesc->txd.om = 0;
 			gdesc->txd.msscof = 0;
 		}
-		le32_add_cpu(&tq->shared->txNumDeferred, 1);
+		num_pkts = 1;
 	}
+	le32_add_cpu(&tq->shared->txNumDeferred, num_pkts);
+	tx_num_deferred += num_pkts;
 
 	if (skb_vlan_tag_present(skb)) {
 		gdesc->txd.ti = 1;
@@ -1118,8 +1122,7 @@ vmxnet3_tq_xmit(struct sk_buff *skb, struct vmxnet3_tx_queue *tq,
 
 	spin_unlock_irqrestore(&tq->tx_lock, flags);
 
-	if (le32_to_cpu(tq->shared->txNumDeferred) >=
-					le32_to_cpu(tq->shared->txThreshold)) {
+	if (tx_num_deferred >= le32_to_cpu(tq->shared->txThreshold)) {
 		tq->shared->txNumDeferred = 0;
 		VMXNET3_WRITE_BAR0_REG(adapter,
 				       VMXNET3_REG_TXPROD + tq->qid * 8,
diff --git a/drivers/net/vmxnet3/vmxnet3_int.h b/drivers/net/vmxnet3/vmxnet3_int.h
index 5ba222920e80..b94fdfd0b6f1 100644
--- a/drivers/net/vmxnet3/vmxnet3_int.h
+++ b/drivers/net/vmxnet3/vmxnet3_int.h
@@ -69,10 +69,10 @@
 /*
  * Version numbers
  */
-#define VMXNET3_DRIVER_VERSION_STRING   "1.4.11.0-k"
+#define VMXNET3_DRIVER_VERSION_STRING   "1.4.12.0-k"
 
 /* a 32-bit int, each byte encode a verion number in VMXNET3_DRIVER_VERSION */
-#define VMXNET3_DRIVER_VERSION_NUM      0x01040b00
+#define VMXNET3_DRIVER_VERSION_NUM      0x01040c00
 
 #if defined(CONFIG_PCI_MSI)
 	/* RSS only makes sense if MSI-X is supported. */