-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, D/aAZ9jRlYi0CTLoHVKrT4xBRH/ALlVIr6teWR+Oy27mroHGjTI7gH6wGjMRZZ01 O0gSKt3yOnEU9dgEPzeP+g== 0001140361-10-050376.txt : 20101220 0001140361-10-050376.hdr.sgml : 20101220 20101220110605 ACCESSION NUMBER: 0001140361-10-050376 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101220 DATE AS OF CHANGE: 20101220 GROUP MEMBERS: SANDRA F. PESSIN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PESSIN NORMAN H CENTRAL INDEX KEY: 0000923666 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: C/O LEVY, HARKINS & CO., INC. STREET 2: 366 MADISON AVENUE, 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANALYSTS INTERNATIONAL CORP CENTRAL INDEX KEY: 0000006292 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 410905408 FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-19161 FILM NUMBER: 101261911 BUSINESS ADDRESS: STREET 1: 3601 WEST 76TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55435 BUSINESS PHONE: 952-835-5900 MAIL ADDRESS: STREET 1: 3601 WEST 76TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55435 SC 13D 1 formsc13d.htm NORMAN H. PESSIN SC 13D 12-13-2010 formsc13d.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. )*

Analysts International Corporation

(Name of Issuer)

Common Stock, $0.10 par value

(Title of Class of Securities)

032681 20 7

Cusip Number

Norman H. Pessin
366 Madison Avenue, 14th Floor
New York, NY  10017
212-661-2670

CC:
Steven Wolosky, Esq.
Olshan, Grundman, Frome, Rosenzweig, & Wolosky, LLP
Park Avenue Tower
65 East 55th Street
New York, NY  10022
212-451-2300


(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 13, 2010

(Date of Event which Requires Filing
of this Statement)

If the filing person has previously filed a statement of Schedule 13G to report the acquisition which is the subject of the Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), ss. 240.13d-1(f) or ss. 240.13d-1(g), check the following box o.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 


 
 

 

PAGE 2
CUSIP No. 032681 20 7
Schedule 13D

 
1
NAME OF REPORTING PERSON
   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
     
   
SEP IRA FBO Norman H. Pessin XXX-XX-XXXX
     
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
     
   
(a)  o
     
 
3
SEC USE ONLY
     
 
4
SOURCE OF FUNDS
   
PF
     
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
o
     
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
   
United States
     
 
7
SOLE VOTING POWER
     
NUMBER OF SHARES  
275,084
BENEFICALLY
   
OWNED BY EACH
8
SHARED VOTING POWER
REPORTING    
PERSON WITH
   
 
9
SOLE DISPOSITIVE POWER
     
   
275,084
     
 
10
SHARED DISPOSITIVE POWER
     
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
275,084
     
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
o
     
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
5.5%
     
 
14
TYPE OF REPORTING PERSON*
   
IN

 
 

 

PAGE 3
CUSIP No. 032681 20 7
Schedule 13D

 
1
NAME OF REPORTING PERSON
   
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   
Sandra F. Pessin  XXX-XX-XXXX
     
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
     
   
(a)  o
     
 
3
SEC USE ONLY
     
 
4
SOURCE OF FUNDS
   
PF
     
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
o
     
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
   
United States
     
 
7
SOLE VOTING POWER
     
NUMBER OF SHARES  
42,044
BENEFICALLY
   
OWNED BY EACH
8
SHARED VOTING POWER
REPORTING    
PERSON WITH
   
 
9
SOLE DISPOSITIVE POWER
     
   
42,044
     
 
10
SHARED DISPOSITIVE POWER
     
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
42,044
     
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
   
o
     
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
0.8%
     
 
14
TYPE OF REPORTING PERSON*
   
IN

 
 

 

PAGE 4
CUSIP No.  032681 20 7
Schedule 13D

Item 1.  Security and Issuer

This Schedule 13D relates to the common stock, $ 0.10 par value (the "Common Stock"), of Analysts International Corporation (the "Issuer"),
whose principal executive offices are located at 3601 West 76th Street, Minneapolis, MN  55435

Item 2.  Identity and Background

This Schedule 13D is being filed by SEP F/B/O Norman H. Pessin and for Sandra F. Pessin (each a “Reporting Person”)Certain information with respect to each Reporting Person is set forth below:


 
Name and Address:
1) Norman H. Pessin
   
366 Madison Avenue, 14th Floor
   
New York, NY  10017
     
   
2) Sandra F. Pessin
   
366 Madison Avenue, 14th Floor
   
New York, NY  10017
     
     
 
Principal Occupation:
1)  Retired
     
   
2)  Housewife
     
 
Criminal convictions:
1)  None
     
   
2)  None
     
 
Civil proceedings:
1)  None
     
   
2)  None
     
 
Citizenship:
1)  United States
     
   
2)  United States

Item 3.

The aggregate purchase price of the 275,084 shares of common stock owned by SEP IRA F/B/O Norman H. Pessin is approximately $618,955, including brokerage commissions.  The shares of common stock owned by SEP IRA F/B/O Norman H. Pessin were acquired with personal funds.  The aggregate purchase price of the 42,044 shares of common stock owned by Sandra F. Pessin is approximately $94,944.80 including brokerage commissions.  The shares of common stock owned by Sandra F. Pessin were acquired with personal funds.

 
 

 

PAGE 5
CUSIP No.  032681 20 7


Item 4.  Purposes of the Transactions

The Reporting Person originally purchased the Shares based on the belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity.  Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

The Reporting Person intends to review their investment in the Issuer on a continuing basis.  Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to its investment in the Issuer as they deem appropriate including, without limitation, communications with management and the Board of Directors of the Issuer, engaging in discussions with third parties about the Issuer, making proposals to the Issuer concerning changes to the capitalization or operations of the Issuer, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or s imilar transaction with respect to the Shares, or changing their intention with respect to any and all matters referred to in Item 4.


Item 5.  Interest in Securities of the Issuer


SEP IRA F/B/O Norman H. Pessin owns 275,084 shares, constituting 5.5% of the outstanding shares thereof.  Sandra F. Pessin owns 42,044 shares, constituting 0.8% of the outstanding shares thereof.

See Attached Schedule A

 
 

 

PAGE 6
CUSIP No.  032681 20 7


Item 6.  Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer

None.

Item 7.  Material to Be Filed as Exhibits

None.

Signatures

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.


 
SEP IRA F/B/O Norman H.Pessin
       
       
 
By:
/s/ Norman H. Pessin  
   
Norman H. Pessin
 
       
       
    /s/ Sandra F. Pessin  
   
Sandra F. Pessin
 

December 13, 2010

 
 

 

SCHEDULE A

Transactions in the Shares During the Past 60 Days

Shares of Common Stock
Purchased
 
Price Per
Share($)
 
Date of
Purchase
 
 
SEP IRA FBO NORMAN H. PESSIN
 
275,084
2.2500
12/13/2010
 
SANDRA F. PESSIN
 
2,025
2.3936
11/16/10
20,000
2.2500
11/22/10
1,919
2.2474
11/23/10
18,100
2.25
12/17/10

 

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