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 *

Cable James 		2. Issuer Name and Ticker or Trading Symbol

PEREGRINE SEMICONDUCTOR CORP [ PSMI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Executive 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)    172249   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
Employee Stock Option (Right to Buy)   $.88   12/12/2014     D   (1)       80354      (2) 5/19/2015   Common Stock   80354   $11.62   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       272479      (2) 5/25/2016   Common Stock   272479   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       119302      (2) 4/1/2019   Common Stock   119302   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       163039      (2) 4/1/2019   Common Stock   163039   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       33873      (2) 5/28/2019   Common Stock   33873   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       33593      (2) 5/28/2019   Common Stock   33593   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       102365      (2) 5/28/2019   Common Stock   102365   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $1.76   12/12/2014     D   (1)       102646      (2) 5/28/2019   Common Stock   102646   $10.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $7.12   12/12/2014     D   (1)       115803      (2) 7/22/2020   Common Stock   115803   $5.38   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $9.76   12/12/2014     D   (1)       115803      (2) 10/25/2021   Common Stock   115803   $2.74   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $9.50   12/12/2014     D   (1)       140000      (2) 5/1/2023   Common Stock   140000   $3.00   (2) 0   D  
 
Employee Stock Option (Right to Buy)   $5.81   12/12/2014     D   (1)       209000      (2) 2/24/2024   Common Stock   209000   $6.69   (2) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cable James
C/O PEREGRINE SEMICONDUCTOR CORPORATION
9380 CARROLL PARK DRIVE
SAN DIEGO, CA 92121 		X
Chief Executive Officer

Signatures
/s/ Jay Biskupski as Attorney-in-fact for James S. Cable 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.
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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