FORM 4
[ X ] 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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Biskupski Jay 		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 Financial Officer
(Last)          (First)          (Middle)

C/O PEREGRINE SEMICONDUCTOR CORPORATION, 9380 CARROLL PARK DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/12/2014
(Street)

SAN DIEGO, CA 92121
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/12/2014     D (1)    9501   D $12.50   0   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       166042      (2) 4/14/2019   Common Stock   166042   $10.74   (2) 0   D  
 
Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       55347      (2) 4/14/2019   Common Stock   55347   $10.74   (2) 0   D  
 
Stock Option (Right to Buy)   $7.12   12/12/2014     D   (1)       81743      (2) 7/22/2020   Common Stock   81743   $5.38   (2) 0   D  
 
Stock Option (Right to Buy)   $9.76   12/12/2014     D   (1)       81743      (2) 10/25/2021   Common Stock   81743   $2.74   (2) 0   D  
 
Stock Option (Right to Buy)   $9.50   12/12/2014     D   (1)       70000      (2) 5/1/2023   Common Stock   70000   $3.00   (2) 0   D  
 
Stock Option (Right to Buy)   $9.50   12/12/2014     D   (1)       6000      (2) 5/1/2023   Common Stock   6000   $3.00   (2) 0   D  
 
Stock Option (Right to Buy)   $5.81   12/12/2014     D   (1)       78000      (2) 2/24/2024   Common Stock   78000   $6.69   (2) 0   D  
 
Restricted Stock Unit   $0   12/12/2014     D   (1)       7500      (3) 2/24/2016   Common Stock   7500   $12.50   (3) 0   D  
 

Explanation of Responses:
( 1)  Pursuant to the Merger Agreement, at the Effective time each share of PSMI common stock was converted into the right to receive $12.50 in cash.
( 2)  This option was canceled in connection with the merger of Peregrine and Murata in exchange for a cash payment per share equal to the difference between $12.50 and the exercise price of the option.
( 3)  In connection with the Merger, the restricted stock units were cancelled and converted into an unvested cash arrangement providing for the subsequent vesting and payout of $12.50 in cash for each share of PSMI common stock subject to the restricted stock units in accordance with the original vesting schedule that applied to the restricted stock units prior to the merger. The restricted stock units were schedule to vest over four equal semi-annual installments commencing on August 24, 2014.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Biskupski Jay
C/O PEREGRINE SEMICONDUCTOR CORPORATION
9380 CARROLL PARK DRIVE
SAN DIEGO, CA 92121

Chief Financial Officer

Signatures
Jay Biskupski 12/18/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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