-----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, UTvFKwYdUC+cpWMFulhQG4GVD5Xh+gsnGaDmaEilacg7a/+7d2UTNO9lFetPxYmC hefvWAYQ9wc93reQCxNhuQ== 0001056829-07-000089.txt : 20070511 0001056829-07-000089.hdr.sgml : 20070511 20070511155953 ACCESSION NUMBER: 0001056829-07-000089 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070511 DATE AS OF CHANGE: 20070511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PeopleSupport, Inc. CENTRAL INDEX KEY: 0001289001 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 954695021 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80036 FILM NUMBER: 07842358 BUSINESS ADDRESS: STREET 1: 1100 GLENDON AVENUE STREET 2: SUITE 1250 CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 310-824-6200 MAIL ADDRESS: STREET 1: 1100 GLENDON AVENUE STREET 2: SUITE 1250 CITY: LOS ANGELES 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: 135 E 57TH STREET STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-371-2939 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET 16TH FLOOR STREET 2: 16TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 peoplesupport1.htm

 

 

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.  1)*

 

PeopleSupport, Inc.

(Name of Issuer)

 

Common, 0.010000 par value per share

(Title of Class of Securities)

 

712714302

(CUSIP Number)

 

Friday, May 11, 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)

ý

Rule 13d-1(c)

o

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).

 



CUSIP No.  712714302

 

 

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)

ý

 

 

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 
1,276,855

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,276,855

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,276,855

 

 

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)
5.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
IN


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
112,040

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
112,040

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
112,040

 

 

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)
.5 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  712714302

 

 

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)

ý

 

 

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 
100,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,000

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
1,076,855

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,076,855

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,076,855

 

 

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)
4.6 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  712714302

 

 

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)

ý

 

 

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 
100,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,000

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
OO


CUSIP No.  712714302

 

 

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)

ý

 

 

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 
1,076,855

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
1,076,855

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,076,855

 

 

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)
4.6 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
100,640

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,640

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,640

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  712714302

 

 

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)

ý

 

 

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 
549,200

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
549,200

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
549,200

 

 

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)
2.3 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Technology Mac 88, LTD

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
150,160

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
150,160

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
150,160

 

 

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 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
60,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
60,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
60,000

 

 

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)
.3 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
11,400

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
11,400

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
11,400

 

 

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)
% (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
PN


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
53,955

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
53,955

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
53,955

 

 

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)
.2 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
100,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,000

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
SG AM AI EC IV

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
8,900

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
8,900

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,900

 

 

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)
% (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
42,600

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
42,600

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
42,600

 

 

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)
.2 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

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)

ý

 

 

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 
100,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,000

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


CUSIP No.  712714302

 

 

1.

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

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

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 
100,000

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
100,000

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
100,000

 

 

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)
.4 % (Based upon 23,510,000 shares of Common outstanding)

 

 

12.

Type of Reporting Person (See Instructions)
CO


Item 1.

 

(a)

Name of Issuer
PeopleSupport, Inc.

 

(b)

Address of Issuers Principal Executive Offices
1100 Glendon Avenue Suite 1250, Los Angeles, CA, 90024

Item 2.

 

(a)

Name of Person Filing

Raj Rajaratnam

Galleon Advisors, L.L.C.

Galleon International Management, LLC

Galleon Management, L.L.C.

Galleon Special Opportunities Management, LLC

Galleon Management, L.P.

Galleon Technology Partners II, L.P.

Galleon Technology Offshore, LTD

Technology Mac 88, LTD

Galleon Admiral's Offshore, LTD.

Galleon Captain's Partners, L.P.

Galleon Captain's Offshore, LTD.

Galleon Diversified Fund, LTD

SG AM AI EC IV

Galleon Buccaneer's Offshore, LTD.

Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio

Galleon International Master Fund, SPC Ltd. - Galleon Multistrategy Segregated Portfolio

 

(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 Advisors, L.L.C.: Delaware

For Galleon International Management, LLC: Delaware

For Galleon Management, L.L.C.: Delaware

For Galleon Special Opportunities Management, LLC : Cayman Islands

For Galleon Management, L.P.: Delaware

For Galleon Technology Partners II, L.P.: Delaware

For Galleon Technology Offshore, LTD: Bermuda

For Technology Mac 88, LTD: Cayman Islands

For Galleon Admiral's Offshore, LTD.: Bermuda

For Galleon Captain's Partners, L.P.: Delaware

For Galleon Captain's Offshore, LTD.: Bermuda

For Galleon Diversified Fund, LTD: Cayman Islands

For SG AM AI EC IV: Cayman Islands

For Galleon Buccaneer's Offshore, LTD.: Cayman Islands

For Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio: Cayman Islands

For Galleon International Master Fund, SPC Ltd. - Galleon Multistrategy Segregated Portfolio: Cayman Islands

 

(d)

Title of Class of Securities
Common, $0.010000 par value per share

 

(e)

CUSIP Number
712714302

 

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.


Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Raj Rajaratnam

 

(a)

Amount beneficially owned:   

1,276,855.00

 

(b)

Percent of class:   

5.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

1,276,855.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

1,276,855.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Management, L.L.C. and Galleon Management, L.P.

 

(a)

Amount beneficially owned:   

1,076,855.00

 

(b)

Percent of class:   

4.6 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

1,076,855.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

1,076,855.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Galleon International Management, LLC

 

(a)

Amount beneficially owned:   

100,000.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Galleon Special Opportunities Management

 

(a)

Amount beneficially owned:   

100,000.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

For Galleon Advisors, L.L.C.

 

(a)

Amount beneficially owned:   

112,040.00

 

(b)

Percent of class:   

.5 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

112,040.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

112,040.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Technology Partners II, L.P.

 

(a)

Amount beneficially owned:   

100,640.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,640.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,640.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Technology Offshore, LTD

 

(a)

Amount beneficially owned:   

549,200.00

 

(b)

Percent of class:   

2.3 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

549,200.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

549,200.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Technology Mac 88, LTD

 

(a)

Amount beneficially owned:   

150,160.00

 

(b)

Percent of class:   

.6 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

150,160.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

150,160.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Admiral's Offshore, LTD.

 

(a)

Amount beneficially owned:   

60,000.00

 

(b)

Percent of class:   

.3 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

60,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

60,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Captain's Partners, L.P.

 

(a)

Amount beneficially owned:   

11,400.00

 

(b)

Percent of class:   

% (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

11,400.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

11,400.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Captain's Offshore, LTD.

 

(a)

Amount beneficially owned:   

53,955.00

 

(b)

Percent of class:   

.2 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

53,955.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

53,955.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Diversified Fund, LTD

 

(a)

Amount beneficially owned:   

100,000.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

SG AM AI EC IV

 

(a)

Amount beneficially owned:   

8,900.00

 

(b)

Percent of class:   

% (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

8,900.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

8,900.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Buccaneer's Offshore, LTD.

 

(a)

Amount beneficially owned:   

42,600.00

 

(b)

Percent of class:   

.2 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

42,600.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

42,600.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio

 

(a)

Amount beneficially owned:   

100,000.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,000.00

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Galleon International Master Fund, SPC Ltd. - Galleon Multistrategy Segregated Portfolio

 

(a)

Amount beneficially owned:   

100,000.00

 

(b)

Percent of class:   

.4 % (Based upon 23,510,000 shares of Common outstanding)

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote   

0

 

 

(ii)

Shared power to vote or to direct the vote    

100,000.00

 

 

(iii)

Sole power to dispose or to direct the disposition of   

0

 

 

(iv)

Shared power to dispose or to direct the disposition of   

100,000.00

 

  Pursuant to the partnership agreement of Galleon Captains Partners, L.P., Galleon Healthcare Partners, L.P., Galleon Technology Partners II, L.P., Galleon Explorers Partners, L.P., and Galleon Communication Partners, L.P., Galleon Management, L.P. and Galleon Advisors, L.L.C. share all investment and voting power with respect to the securities held by Galleon Captains Partners, L.P., Galleon Healthcare Partners, L.P., Galleon Technology Partners, L.P., Galleon Explorers Partners, L.P., and Galleon Communication Partners, L.P., and pursuant to an investment management agreement, Galleon Management, L.P. has all investment and voting power with respect to the securities held by Galleon Captains Offshore, Ltd., Galleon Healthcare Offshore, Ltd., Galleon Technology Offshore, Ltd., Galleon Communications Offshore, Ltd., Galleon Explorers Offshore, Ltd., Galleon Admirals Offshore, Ltd., Galleon Buccaneers Offshore, Ltd., Galleon Diversified Fund, Ltd., Vitruvius SICAV Vitruvius Growth Opportunities, and Technolo gy MAC 88, Ltd.. Raj Rajaratnam, as the managing member of Galleon Management, L.L.C., controls Polaris Prime Technology (Cayman), L.P., and SG AM AI EC IV, Galleon Management, L.L.C., which, as the general partner of Galleon Management, L.P., controls Galleon Management, L.P. Raj Rajaratnam, as the managing member of Galleon Advisors, L.L.C., also controls Galleon Advisors, L.L.C. The shares reported herein by Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. may be deemed beneficially owned as a result of the purchase of such shares by Galleon Captains Partners, L.P., Galleon Captains Offshore, Ltd., Galleon Technology Partners II, L.P., Galleon Technology Offshore, Ltd., Galleon Healthcare Partners, L.P., Galleon Healthcare Offshore, Ltd., Galleon Explorers Partners, L.P., Galleon Explorers Offshore, Ltd., Galleon Communication Partners, L.P., Galleon Communication Offshore, Ltd., Galleon Admirals Offshore, Ltd., Galleon Buccaneers Offshore, Ltd., Galleon Diversified Fund, Ltd., Vitruvius SICAV Vitruvius Growth Opportunities, and Technology MAC 88, Ltd., Polaris Prime Technology (Cayman), L.P., and SG AM AI EC IV, as the case may be. Each of Raj Rajaratnam, Galleon Management, L.P., Galleon Management, L.L.C., and Galleon Advisors, L.L.C. disclaims any beneficial ownership of the shares reported herein, except to the extent of any pecuniary interest therein. Pursuant to an investment management agreement, Galleon International Management, LLC has all investment and voting power with respect to securities held by Galleon International Master Fund, SPC Ltd.- Galleon Multistragey Segregated Portfolio, Galleon EM Technology Segregated Portfolio. Raj Rajaratnam as the managing member of Galleon International Management, LLC controls Galleon International Management, LLC. Pursuant to an investment management agreement, Galleon Special Opportunities Management, LLC has all investment and voting power with respect to securities held by Galleon Special Opportunities Master Fund, SPC Ltd. - Galleon Crossover Segregated Portfolio. Raj Rajaratnam as the managing member of Galleon Special Opportunities Management, LLC Controls Galleon Special Opportunities Management, LLC Each of Raj Rajaratnam, Galleon International Management, L.L.C., and Galleon Special Opportunities Management, L.L.C. disclaims any beneficial ownership of the shares reported herein, except to the extent of any pecuniary interest therein.

 

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

 

Not Applicable 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

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

 

Not Applicable 


 

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.

 

 

Wednesday, May 11, 2007

 

 

Date

 

 

 

 

 RAJ RAJARATNAM, for HIMSELF;

 

 For GALLEON ADVISORS, L.L.C., as its Managing Member;

 

 For GALLEON INTERNATIONAL MANAGEMENT LLC, as its Managing Member;

 

 For GALLEON MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON SPECIAL OPPORTUNITIES MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.;

 

 For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 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;

 

 For TECHNOLOGY MAC 88, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For GALLEON ADMIRAL'S 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;

 

 For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON CAPTAINS 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;

 

 For GALLEON DIVERSIFIED FUND, 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;

 

 For SG AM AI EC IV as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For GALLEON BUCCANEERS 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.

 

 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 INTERNATIONAL MASTER FUND SPC, LTD. - Multi Stategy Segregated Portfolio as the Managing Member of Galleon International Management, LLC which in turn, is an Authorized Signatory


 

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 ADVISORS, L.L.C., as its Managing Member;

 

 For GALLEON INTERNATIONAL MANAGEMENT LLC, as its Managing Member;

 

 For GALLEON MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON SPECIAL OPPORTUNITIES MANAGEMENT, L.L.C., as its Managing Member;

 

 For GALLEON MANAGEMENT, L.P., as the Managing Member of its General Partner, Galleon Management, L.L.C.;

 

 For GALLEON TECHNOLOGY PARTNERS II, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 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;

 

 For TECHNOLOGY MAC 88, LTD., as the Managing Member of Galleon Management, L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory.

 

 For GALLEON ADMIRAL'S 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;

 

 For GALLEON CAPTAINS PARTNERS, L.P., as the Managing Member of its General Partner, Galleon Advisors, L.L.C.;

 

 For GALLEON CAPTAINS 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;

 

 For GALLEON DIVERSIFIED FUND, 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;

 

 For SG AM AI EC IV as the managing member of Galleon Management L.L.C., which is the General Partner of the sub-advisor, Galleon Management, L.P., which in turn, is an Authorized Signatory

 

 For GALLEON BUCCANEERS 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.

 

 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 INTERNATIONAL MASTER FUND SPC, LTD. - Multi Stategy Segregated Portfolio as the Managing Member of Galleon International Management, LLC which in turn, is an Authorized Signatory

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