X0202 3 2007-06-27 0 0001080224 EDGAR ONLINE INC EDGR 0001228146 MUTCH JOHN C/O PEREGRINE SYSTEMS, INC. 3611 VALLEY CENTRE DRIVE SAN DIEGO CA 92130 1 0 0 0 Common Stock 25000 I Partner of investment fund Stock option (right to buy) 2.55 2017-06-27 Common Stock 15000 D The reported stock is owned directly by MV Advisors, LLC and may be deemed to be benefically owned by Mr. Mutch who is Managing Partner of the firm. This report shall not be deemed an admission by Mr. Mutch that he is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Issued pursuant to an approved company stock option plan. The options vest in three equal installments beginning June 27, 2008. John Mutch (By Richard Rosenfeld by Power of Attorney) 2007-06-28