-----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, BdEjgKtt668qy3LZO7lOZEHxtNd9ryEZo9g61bQmLAMg8Fku545IlbZn4wnhD1ln MMWdxPm6m6J4/ajXxsyoJQ== 0001104659-08-037544.txt : 20080603 0001104659-08-037544.hdr.sgml : 20080603 20080603162151 ACCESSION NUMBER: 0001104659-08-037544 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080603 DATE AS OF CHANGE: 20080603 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. 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80036 FILM NUMBER: 08877745 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 13D/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 13D/A 1 a08-15869_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 8)*

 

PeopleSupport, Inc.

(Name of Issuer)

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

 

712714302

(CUSIP Number)

 

GEORGE LAU, c/o GALLEON, 590 MADISON AVENUE, 34th FLOOR, NY, NY 10022

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 2, 2008

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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
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.

Source of Funds (See Instructions)
AF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     x

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,996,420

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,996,420

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,996,420

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
N/A

 

 

13.

Percent of Class Represented by Amount in Row (11)
14.17%

 

 

14.

Type of Reporting Person (See Instructions)
IA

 

2



 

CUSIP No. 712714302

 

 

1.

Names of Reporting Persons
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.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
N/A

 

 

6.

Citizenship or Place of Organization
Bermuda

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
1,565,369

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
1,565,369

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,565,369

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
N/A

 

 

13.

Percent of Class Represented by Amount in Row (11)
7.40%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

3



 

CUSIP No. 712714302

 

 

1.

Names of Reporting Persons
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.

Source of Funds (See Instructions)
AF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
N/A

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
150,000

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
150,000

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
150,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
N/A

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.71%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

4



 

CUSIP No. 712714302

 

 

1.

Names of Reporting Persons
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.

Source of Funds (See Instructions)
AF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
N/A

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,162,386

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,162,386

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,162,386

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
N/A

 

 

13.

Percent of Class Represented by Amount in Row (11)
10.22%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

5



 

CUSIP No. 712714302

 

 

1.

Names of Reporting Persons
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.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
N/A

 

 

6.

Citizenship or Place of Organization
Cayman Islands

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
2,162,386

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
2,162,386

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,162,386

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
10.22%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

6



 

CUSIP No. 712714302

 

 

1.

Names of Reporting Persons
Raj Rajaratnam

 

 

2.

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

 

 

(a)

 o

 

 

(b)

 x

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
AF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o
N/A

 

 

6.

Citizenship or Place of Organization
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
5,308,806

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
5,308,806

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,308,806

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
N/A

 

 

13.

Percent of Class Represented by Amount in Row (11)
25.10%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

7



 

This Amendment No. 8 amends and supplements the Schedule 13D filed on August 9, 2007, as amended and restated on August 21, 2007 and August 22, 2007 (the “August 22 Filing”), and as amended and supplemented on September 25, 2007 (the “September Filing”), November 5, 2007 (the “November Filing”), December 5, 2007 (the “December Filing”), March 3, 2008 (the “March Filing”) and May 28, 2008 (the “May Filing”).  Information reported in the August 22 Filing, as amended and supplemented by the September Filing, the November Filing, the December Filing, the March Filing and the May Filing, remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 8.

 

Item 5.

Interest in Securities of the Issuer

Item 5(a)-(c) of the Schedule 13D entitled “Interest in Securities of the Issuer” is hereby amended and restated in its entirety to read as follows:

(a)-(b) As of the date of this filing, Galleon Management, L.P., Galleon International Management, LLC, and Galleon Special Opportunities Management, LLC are the indirect beneficial owners of an aggregate of 5,308,806 Shares, which constitutes 25.10% ownership of the 21,151,789 shares of Common Stock (the “Reported Number”) reported by the Issuer as outstanding as of May 1, 2008. Galleon Management, L.P. indirectly beneficially owns 2,996,420 Shares (or 14.17% of the Common Stock), Galleon International Management, LLC indirectly beneficially owns 150,000 Shares (or less than 1% of the Common Stock), and Galleon Special Opportunities Management, LLC indirectly beneficially owns 2,162,386 Shares (or 10.22% of the Common Stock). In addition, 52.2% of the Shares beneficially owned by Galleon Management, L.P. (or 7.40% of the Common Stock) are held directly by Galleon Technology Offshore, Ltd. In addition, 100% of the Shares beneficially owned by Galleon Special Opportunities Management, LLC (or 10.22% of the Common Stock) are held directly by Galleon Special Opportunities Master Fund, SPC Ltd. – Galleon Crossover Segregated Portfolio. Each of Galleon Management, L.P., Galleon International Management, LLC, and Galleon Special Opportunities Management, LLC shares voting and dispositive power of the Shares beneficially owned by it with the Fund that directly holds such Shares and with Mr. Rajaratnam. By virtue of the capacities in which Mr. Rajaratnam functions as described in Item 2, he may be considered to indirectly beneficially own all Shares beneficially owned by Galleon Management, L.P., Galleon International Management, LLC, Galleon Special Opportunities Management, LLC, Galleon Technology Offshore, Ltd., and the other Funds.

All percentages of the Common Stock outstanding reported in this Schedule 13D are based on the Reported Number.

(c) Set forth in Exhibit A hereto are the transactions in the Shares during the past sixty days by Galleon Management, L.P., Galleon International Management, LLC, Galleon Special Opportunities Management, LLC., Galleon Technology Offshore, Ltd. and Galleon Special Opportunities Master Fund, SPC Ltd. – Galleon Crossover Segregated Portfolio.

 

 

Item 7.

Material to be Filed as Exhibits

Exhibit A of the May Filing is hereby amended and restated in its entirety as set forth in Exhibit A attached to this Amendment No. 8.

 

8



 

Signature

 

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

 

Date:

June 3, 2008

Galleon Management, L.P.

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Managing Member of General Partner, Galleon Management, LLC

 

 

 

 

Date:

June 3, 2008

Galleon International Management, LLC

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Managing Member

 

 

 

 

Date:

June 3, 2008

Galleon Special Opportunities Management, LLC

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Managing Member

 

 

 

 

Date:

June 3, 2008

Galleon Technology Offshore, Ltd.

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Director

 

 

 

 

Date:

June 3, 2008

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

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Director

 

 

 

 

Date:

June 3, 2008

Raj Rajaratnam

 

 

 

 

 

 

By:

Raj Rajaratnam*

 

 

 

 

 

 

Title:

Self

 

 

 

 

 

 

 

 

/s/ George K. Lau

 

 

* By George K. Lau, attorney-in-fact

 

 

 

9



 

EXHIBIT INDEX

 

A.            Trading Information as required by Item 5(c)

 

10


EX-99 2 a08-15869_1ex99.htm EX-99

Exhibit 99

 

EXHIBIT A

 

Response to Item 5(c) – Trading History

 

Entity

 

Trade Date

 

Side

 

Amount

 

Price Per Share

 

Galleon Management L.P.

 

5/14/2008

 

Sell

 

2100

 

10.19

 

 

 

5/14/2008

 

Sell

 

2100

 

10.19

 

 

 

5/14/2008

 

Sell

 

2100

 

10.19

 

 

 

5/14/2008

 

Sell

 

1700

 

10.1455

 

 

 

5/14/2008

 

Sell

 

1700

 

10.1455

 

 

 

5/14/2008

 

Sell

 

1700

 

10.1455

 

 

 

5/19/2008

 

Sell

 

2700

 

9.45037

 

 

 

5/19/2008

 

Sell

 

15750

 

9.3696

 

 

 

5/19/2008

 

Sell

 

15750

 

9.3696

 

 

 

5/20/2008

 

Sell

 

9300

 

9.355645

 

 

 

5/20/2008

 

Sell

 

10000

 

9.232

 

 

 

5/21/2008

 

Sell

 

10000

 

9.4245

 

 

 

5/21/2008

 

Sell

 

21100

 

9.4272

 

 

 

5/22/2008

 

Sell

 

25000

 

9.683576

 

 

 

5/22/2008

 

Sell

 

10000

 

9.70145

 

 

 

5/23/2008

 

Sell

 

10000

 

9.278383

 

 

 

5/23/2008

 

Sell

 

25000

 

9.234355

 

 

 

5/23/2008

 

Sell

 

200

 

9.3525

 

 

 

5/27/2008

 

Sell

 

4200

 

9.3962

 

 

 

5/27/2008

 

Sell

 

25000

 

9.2855

 

 

 

5/28/2008

 

Sell

 

2546

 

9.33

 

 

 

5/28/2008

 

Sell

 

25000

 

9.3042

 

 

 

5/29/2008

 

Sell

 

24600

 

9.049227

 

 

 

5/29/2008

 

Sell

 

25000

 

9.02487

 

 

 

5/29/2008

 

Sell

 

41733

 

9.0597

 

 

 

5/30/2008

 

Sell

 

65000

 

9.25

 

 

 

5/30/2008

 

Sell

 

25000

 

9.2968

 

 

 

5/30/2008

 

Sell

 

26463

 

9.3693

 

 

 

6/02/2008

 

Sell

 

25000

 

9.1317

 

 

 

6/02/2008

 

Sell

 

15000

 

8.8804

 

 

 

6/02/2008

 

Sell

 

1000

 

9.35

 

 


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