CUSIP NO. 713661304 Page 2 of 7 Pages
1. NAME OF REPORTING PERSON
EASTERN CAPITAL LIMITED
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF
5. SOLE VOTING POWER -0-
SHARES
BENEFICIALLY
6. SHARED VOTING POWER 7,421,760
OWNED BY
EACH
7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON
8. SHARED DISPOSITIVE POWER 7,421,760
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,421,760 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.55%
12. TYPE OF REPORTING PERSON
CO
CUSIP NO. 713661304 Page 3 of 7 Pages
1. NAME OF REPORTING PERSON
PORTFOLIO SERVICES LTD.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF
5. SOLE VOTING POWER -0-
SHARES
BENEFICIALLY
6. SHARED VOTING POWER 7,421,760
OWNED BY
EACH
7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON
8. SHARED DISPOSITIVE POWER 7,421,760
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,421,760 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.55%
12. TYPE OF REPORTING PERSON
CO
CUSIP NO. 713661304 Page 4 of 7 Pages
1. NAME OF REPORTING PERSON
KENNETH B. DART
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF
5. SOLE VOTING POWER -0-
SHARES
BENEFICIALLY
6. SHARED VOTING POWER 7,421,760
OWNED BY
EACH
7. SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON
8. SHARED DISPOSITIVE POWER 7,421,760
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,421,760 shares
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.55%
12. TYPE OF REPORTING PERSON
IN
CUSIP No. 713661304 Page 5 of 7 Pages
ITEM l(a). NAME OF ISSUER:
PEREGRINE PHARMACEUTICALS, INC.
ITEM l(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
14282 FRANKLIN AVENUE
TUSTIN, CALIFORNIA 92780-7017
ITEM 2(a). NAME OF PERSON FILING:
1) EASTERN CAPITAL LIMITED
Eastern Capital Limited is a direct wholly owned subsidiary
of Portfolio Services Ltd., a Cayman Islands corporation.
2) PORTFOLIO SERVICES LTD.
Portfolio Services Ltd., a Cayman Islands corporation,
is a holding company which owns all of the outstanding
shares of Eastern Capital Limited.
3) KENNETH B. DART
Mr. Dart is the beneficial owner of all of the outstanding
shares of Portfolio Services Ltd., which in turns owns
all the outstanding shares of Eastern Capital Limited.
ITEM 2(b). ADDRESS OF PRINCIPAL OFFICE:
1) 10 Market Street, #773
Camana Bay
Grand Cayman, KY1-9006 CAYMAN ISLANDS
2) 10 Market Street, #773
Camana Bay
Grand Cayman, KY1-9006 CAYMAN ISLANDS
3) P.O. BOX 31300
Grand Cayman KY1-1206 CAYMAN ISLANDS
ITEM 2(c). CITIZENSHIP:
1) Cayman Islands
2) Cayman Islands
3) Cayman Islands
CUSIP NO. 713661304 Page 6 of 7 pages
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock $0.001 par value per share
ITEM 2(e). CUSIP NUMBER: 713661304
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP
The percentage ownership noted in this Schedule 13G/A is based on
86,788,817 number of shares outstanding as of December 9, 2011 as
reported in the Issuer's Form 10-Q filed with the SEC on December
12, 2011. As of the date of this filing, Eastern Capital
Limited, Portfolio Services Ltd. and Mr. Dart beneficially own in
the aggregate the following:
(a) Amount Beneficially owned: 7,421,760
(b) Percent of Class: 8.55%
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: 7,421,760
(iii)sole power to dispose of or to direct the disposition of:
-0-
(iv) shared power to dispose of or to direct the disposition of:
7,421,760
ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS: [ ]
ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY OR CONTROL PERSON. Not applicable
CUSIP NO. 713661304 Page 7 of 7 pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
EASTERN CAPITAL LIMITED
/s/ Kenneth B. Dart
BY: Kenneth B. Dart, Director
14 FEBRUARY 2012
PORTFOLIO SERVICES LTD.
/s/ Kenneth B. Dart
BY: Kenneth B. Dart, Director
14 FEBRUARY 2012
KENNETH B. DART
14 FEBRUARY 2012
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