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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001342857-10-000025.txt : 20101124
<SEC-HEADER>0001342857-10-000025.hdr.sgml : 20101124
<ACCEPTANCE-DATETIME>20101124130831
ACCESSION NUMBER:		0001342857-10-000025
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101111
FILED AS OF DATE:		20101124
DATE AS OF CHANGE:		20101124

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEERLESS SYSTEMS CORP
		CENTRAL INDEX KEY:			0000897893
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				953732595
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		2361 ROSECRANS AVE
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
		BUSINESS PHONE:		646-319-5020

	MAIL ADDRESS:	
		STREET 1:		2361 ROSECRANS AVE
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			North Star Investment Management Corp.
		CENTRAL INDEX KEY:			0001342857
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21287
		FILM NUMBER:		101214262

	BUSINESS ADDRESS:	
		STREET 1:		20 N. WACKER DRIVE
		STREET 2:		SUITE # 1416
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		312-580-0900

	MAIL ADDRESS:	
		STREET 1:		20 N. WACKER DRIVE
		STREET 2:		SUITE # 1416
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2010-11-11</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000897893</issuerCik>
        <issuerName>PEERLESS SYSTEMS CORP</issuerName>
        <issuerTradingSymbol>PRLS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001342857</rptOwnerCik>
            <rptOwnerName>North Star Investment Management Corp.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>20 N. WACKER DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE # 1416</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Peerless Systems Corporation Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>348016</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <remarks>Recent Tender Offer has elevated North Star Investment Management Corporation percent holdings of Peerless Systems Corporation Common Stock to 10.3% . North Star Investment Management Corporation has made no purchases of Peerless Systems Common Stock within the last 60 days.</remarks>

    <ownerSignature>
        <signatureName>Peter G. Contos II</signatureName>
        <signatureDate>2010-11-24</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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