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
                                                                                  
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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 *

Borja Rainerio 		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)
VP, Strategic Programs
(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    2834   A $0   11467   (1) D  
 
Common Stock   10/26/2008     M    3967   A $0   15434   (2) 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
Restricted Stock Units   $0   10/25/2008     M        4167   (3)     (4)   (4) Common Stock   4167   (3) $0   99667   (5) D  
 
Restricted Stock Units   $0   10/26/2008     M        5833   (6)     (7)   (7) Common Stock   5833   (6) $0   93834   (8) D  
 

Explanation of Responses:
( 1)  Includes 2,834 Restricted Stock Units (RSUs) that were released upon vesting on October 25, 2008 and previous holdings of 8,633 shares.
( 2)  Includes 3,967 Restricted Stock Units (RSUs) that were released upon vesting on October 26, 2008and previous holdings of 11,467 shares.
( 3)  Upon release of the RSUs on October 25, 2008, the company withheld 1,333 RSUs to cover the tax withholdings owed by Mr. Borja from the release of RSUs.
( 4)  Not applicable.
( 5)  Includes 4,167 unvested RSUs following the release on October 25, 2008 and previous holdings of 95,500 RSUs which include 78,000 in retention RSUs as previously reported.
( 6)  Upon release of the RSUs on October 26, 2008, the company withheld 1,866 RSUs to cover the tax withholdings owed by Mr. Borja from the release of RSUs.
( 7)  Not applicable.
( 8)  Includes 11,667 unvested RSUs following the release on October 26, 2008 and previous holdings of 82,167 RSUs which include 78,000 in retention RSUs as previously reported.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Borja Rainerio
2049 CENTURY PARK EAST, SUITE 300
LOS ANGELES,, CA 90067

VP, Strategic Programs

Signatures
/s/ Peter Phan, by Power of Attorney for Rainerio Borja 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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