- Statement of Changes in Beneficial Ownership (4)

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 OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Rosenzweig Lance	2. Issuer Name and Ticker or Trading Symbol PeopleSupport, Inc. [ PSPT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) CEO, President, Chairman
(Last)          (First)          (Middle) 2049 CENTURY PARK EAST, SUITE 300	3. Date of Earliest Transaction (MM/DD/YYYY) 10/25/2008
(Street) LOS ANGELES,, CA 90067 (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	10/25/2008		M		7497	A	$0	577678   (1)	D
Common Stock								120018   (2)	I	By trust
Common Stock	10/26/2008		M		8032	A	$0	585710   (3)	D
Common Stock								120018   (4)	I	By trust

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
Restricted Stock Units	$0	10/25/2008		M			11667   (5)	(6)	(6)	Common Stock	11667   (5)	$0	179167   (7)	D
Restricted Stock Units	$0	10/26/2008		M			12500   (8)	(9)	(9)	Common Stock	12500   (8)	$0	166667   (10)	D

Explanation of Responses:
( 1)	Includes 7,497 Restricted Stock Units (RSUs) that were released upon vesting on October 25, 2008 and previous holdings of 570,181 shares.
( 2)	Includes 116,369 shares held by the Rosenzweig 2004 Irrevocable Trust of which the reporting person is a trustee, and 3,649 shares held by the C/F Rebecca Rosenzweig CA UGMA of which the reporting person is a trustee.
( 3)	Includes 8,032 Restricted Stock Units (RSUs) that were released upon vesting on October 26, 2008 and previous holdings of 577,678 shares.
( 4)	Includes 116,369 shares held by the Rosenzweig 2004 Irrevocable Trust of which the reporting person is a trustee, and 3,649 shares held by the C/F Rebecca Rosenzweig CA UGMA of which the reporting person is a trustee.
( 5)	Upon release of the RSUs on October 25, 2008, the company withheld 4,170 RSUs to cover the tax withholdings owed by Mr. Rosenzweig from the release of RSUs.
( 6)	Not applicable.
( 7)	Includes 11,667 unvested RSUs following the release on October 25, 2008 and previous holdings of 167,500 RSUs which include 130,000 in retention RSUs as previously reported.
( 8)	Upon release of the RSUs on October 26, 2008, the company withheld 4,468 RSUs to cover the tax withholdings owed by Mr. Rosenzweig from the release of RSUs.
( 9)	Not applicable.
( 10)	Includes 25,000 unvested RSUs following the release on October 26, 2008 and previous holdings of 141,667 RSUs which include 130,000 in retention RSUs as previously reported.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rosenzweig Lance 2049 CENTURY PARK EAST, SUITE 300 LOS ANGELES,, CA 90067			CEO, President, Chairman

Signatures
/s/ Peter Phan, by Power of Attorney for Lance Rosenzweig		10/28/2008
** 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).
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