Abstract: An integrated circuit voltage regulator employs a PNP pass transistor to produce a low dropout voltage. Saturation in the pass transistor produces excessive substrate current which appears in the form of wasted current which lowers the regulator efficiency. A current conducted by the sat catcher circuit is employed to avoid pass transistor saturation. The sat catcher is controlled dynamically so the dropout voltage is minimized and the voltage regulator maintains good performance at high regulator output currents.