Sec Form 4 Filing - Reedy Ronald E. @ PEREGRINE SEMICONDUCTOR CORP - 2012-08-13

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Reedy Ronald E.
2. Issuer Name and Ticker or Trading Symbol
PEREGRINE SEMICONDUCTOR CORP [ PSMI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Technology Officer
(Last) (First) (Middle)
C/O PEREGRINE SEMICONDUCTOR CORPORATION, 9380 CARROLL PARK DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
08/13/2012
(Street)
SAN DIEGO, CA92121
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/13/2012 C 982 A 40,089 I Ron and Robin Reedy Living Trust
Common Stock 08/13/2012 C 740 A 40,829 I Ron and Robin Reedy Living Trust
Common Stock 08/13/2012 08/13/2012 M 64,850 A $ 0.73 75,067 D
Common Stock 08/13/2012 08/13/2012 M 17,574 A $ 0.73 92,641 D
Common Stock 08/13/2012 08/13/2012 M 17,983 A $ 0.73 110,624 D
Common Stock 08/13/2012 08/13/2012 M 410 A $ 0.73 111,034 D
Common Stock 08/13/2012 08/13/2012 S 100,817 D $ 14 10,217 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 0.73 08/13/2012 08/13/2012 M 64,850 ( 2 ) 11/21/2012 Common Stock 64,850 $ 0 379,815 D
Employee Stock Option (Right to Buy) $ 0.73 08/13/2012 08/13/2012 M 17,574 ( 3 ) 11/21/2012 Common Stock 17,574 $ 0 362,241 D
Employee Stock Option (Right to Buy) $ 0.73 08/13/2012 08/13/2012 M 17,983 ( 4 ) 01/30/2013 Common Stock 17,983 $ 0 344,258 D
Employee Stock Option (Right to Buy) $ 0.73 08/13/2012 08/13/2012 M 410 ( 5 ) 04/02/2014 Common Stock 410 $ 0 343,848 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Reedy Ronald E.
C/O PEREGRINE SEMICONDUCTOR CORPORATION
9380 CARROLL PARK DRIVE
SAN DIEGO, CA92121
Chief Technology Officer
Signatures
/s/ Jay Biskupski as Attorney-in-fact for Ronald E. Reedy 08/14/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of the issuer's Series A1 Preferred Stock and Series B1 Preferred Stock converted into one share of the issuer's Common Stock and had no expiration date.
( 2 )Subject to continuous service, this option, which was fully exercisable at grant, is subject to a vesting schedule that lapses with respect to 25% of the shares to this option on September 4, 2003 and in equal monthly installments over a 36-month period of the remaining shares subject to this option thereafter.
( 3 )Subject to continuous service, this option, which was fully exercisable at grant, is subject to a vesting schedule that lapses in 12 successive equal monthly installments from September 4, 2002.
( 4 )Subject to continuous service, this option, which was fully exercisable at grant, is subject to a vesting schedule that lapses with respect to 25% of the shares to this option on January 30, 2004 and in equal monthly installments over a 36-month period of the remaining shares subject to this option thereafter.
( 5 )Subject to continuous service, this option, which was fully exercisable at grant, is subject to a vesting schedule that lapses in seven successive equal monthly installments from April 2, 2004.

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