-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A1eyv8jR+nXqNDu4nadiRXaZLjq/d3w5kFgVCN4g1AFXoJ6RbgFIidX4cky+bp5p AzFCuputxhtNKzs6F/owKw== 0001169232-08-000634.txt : 20080214 0001169232-08-000634.hdr.sgml : 20080214 20080214133727 ACCESSION NUMBER: 0001169232-08-000634 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 GROUP MEMBERS: GALLEON INTERNATIONAL MANAGEMENT, LLC GROUP MEMBERS: GALLEON SPECIAL OPPORTUNITIES MANAGEMENT, LLC GROUP MEMBERS: GALLEON SPECIAL OPPORTUNITIES MASTER FUND, SPC LTD. GROUP MEMBERS: GALLEON TECHNOLOGY OFFSHORE, LTD GROUP MEMBERS: RAJ RAJARATNAM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEOPLESUPPORT INC/CA CENTRAL INDEX KEY: 0001079854 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83789 FILM NUMBER: 08612468 BUSINESS ADDRESS: STREET 1: 1575 WESTWOOD BOULEVARD SUITE 100 STREET 2: 310-914-5999 CITY: LOS ANGLES STATE: CA ZIP: 90024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GALLEON MANAGEMENT L P CENTRAL INDEX KEY: 0001056829 IRS NUMBER: 133926982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-371-2939 MAIL ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 d73522_sc13g-a.htm AMENDMENT NO 2 TO SCHEDULE 13G
 
Page 1 of 11
 

UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
(Amendment No.  2)*

 
PeopleSupport Inc.

(Name of Issuer)
 
common, 0.01 par value per share

(Title of Class of Securities)
 
71274302

(CUSIP Number)
 
Monday, December 31, 2007

(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
  o Rule 13d-1(b)
     
  o Rule 13d-1(c)
     
  x Rule 13d-1(d)
     
    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     
    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



Page 2 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Raj Rajaratnam

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
United States
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
5,761,492
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
5,761,492
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
5,761,492
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
25.39% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
IN




Page 3 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Management, L.P.

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
3,449,106
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
3,449,106
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
3,449,106
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
15.2% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
IA



Page 4 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon International Management, LLC

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
150,000
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
150,000
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
150,000
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
.66% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
OO




Page 5 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Special Opportunities Management, LLC

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
2,162,386
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
2,162,386
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,162,386
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
9.53% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
OO



Page 6 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
Cayman Islands
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
2,162,386
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
2,162,386
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,162,386
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
9.53% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
CO




Page 7 of 11

 

CUSIP No. 71274302


1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Galleon Technology Offshore, LTD

     
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
  (a)  o
  (b) x
     
3. SEC Use Only
   
4. Citizenship or Place of Organization
Bermuda
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
   
5. Sole Voting Power
-0-
   
6. Shared Voting Power
1,565,369
   
7. Sole Dispositive Power
-0-
   
8. Shared Dispositive Power
1,565,369
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
1,565,369
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   o
   
11.
Percent of Class Represented by Amount in Row (9)
6.9% (Based upon 22,688,737 shares of common outstanding)
   
12.
Type of Reporting Person (See Instructions)
CO



Page 8 of 11


Item 1.    
  (a) Name of Issuer
PeopleSupport Inc.
  (b) Address of Issuers Principal Executive Offices
1100 Glendon Ave Suite 1250, Loss Angeles, CA, 90025
     
Item 2.    
  (a) Name of Person Filing
Raj Rajaratnam
Galleon Management, L.P.
Galleon International Management, LLC
Galleon Special Opportunities Management, LLC
Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio
Galleon Technology Offshore, LTD
  (b) Address of Principal Business Office or, if none, Residence
For Galleon Management, L.P.:
590 Madison Avenue, 34th Floor
New York, NY 10022
     
    For each Reporting Person other than Galleon Management, L.P.:
c/o Galleon Management, L.P.
590 Madison Avenue, 34th Floor
New York, NY 10022
  (c) Citizenship
     
    For Raj Rajaratnam: United States
For Galleon Management, L.P.: Delaware
Galleon International Management, LLC: Delaware
Galleon Special Opportunities Management, LLC: Delaware
Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio: Cayman Islands
Galleon Technology Offshore, LTD: Bermuda
  (d) Title of Class of Securities
common, $0.01 par value per share
  (e) CUSIP Number
71274302
     
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2 (b) or (c), Check Whether the Person Filing is a:
         
  Not Applicable     
         



Page 9 of 11


Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  
o .
Not Applicable

Item 6.
Ownership of More than Five Percent on Behalf of Another Person

Galleon Management, L.P. has beneficial ownership of the shares which are the subject of this filing through the investment discretion it exercises over its clients' accounts. Although such accounts do not have beneficial ownership of such shaers for purposes of Section 13 and Section 16 of the Securities Exchange Act of 1934, two accounts managed by Galleon Management, L.P., Galleon Technology Offshore, LTD and Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio own of record more than 5% of the Issuer's outstanding shares.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not Applicable

Item 8.
Identification and Classification of Members of the Group

Not Applicable

Item 9.
Notice of Dissolution of Group

Not Applicable

Item 10.
Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.




Page 10 of 11


Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

   
                                          Monday, February 11, 2008
  Date
   
 

RAJ RAJARATNAM, for HIMSELF;
For GALLEON MANAGEMENT, L.P., as the Managing
Member of its General Partner, Galleon Management, L.L.C.;
For GALLEON INTERNATIONAL MANAGEMENT LLC, as its Managing Member;
For GALLEON SPECIAL OPPORTUNITIES MANAGEMENT, L.L.C., as its Managing Member;
For GALLEON SPECIAL OPPORTUNITIES MASTER FUND, SPC LTD. - Galleon Crossover Segregated Portfolio as the Managing Member of Galleon Special Opportunities Management, L.L.C. which in turn is an Authorized Signatory
For GALLEON TECHNOLOGY OFFSHORE, LTD.,
as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;




Page 11 of 11


Exhibit 1

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.in this statement is true, complete and correct.

 
 

RAJ RAJARATNAM, for HIMSELF;
For GALLEON MANAGEMENT, L.P., as the Managing
Member of its General Partner, Galleon Management, L.L.C.;
For GALLEON INTERNATIONAL MANAGEMENT LLC., as its Managing Member;
For GALLEON SPECIAL OPPORTUNITIES MANAGEMENT, L.L.C., as its Managing Member;
For GALLEON SPECIAL OPPORTUNITIES MASTER FUND, SPC LTD. - Galleon Crossover Segregated Portfolio as the Managing Member of Galleon Special Opportunities Management, L.L.C. which in turn is an Authorized Signatory
For GALLEON TECHNOLOGY OFFSHORE, LTD.,
as the Managing Member of Galleon Management, L.L.C., which is the General Partner of Galleon Management, L.P., which in turn, is an Authorized Signatory;



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