0001342857-11-000009.txt : 20110712
0001342857-11-000009.hdr.sgml : 20110712
20110712161737
ACCESSION NUMBER: 0001342857-11-000009
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110711
FILED AS OF DATE: 20110712
DATE AS OF CHANGE: 20110712
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: 300 ATLANTIC STREET
STREET 2: SUITE 301
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-350-0044
MAIL ADDRESS:
STREET 1: 300 ATLANTIC STREET
STREET 2: SUITE 301
CITY: STAMFORD
STATE: CT
ZIP: 06901
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: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21287
FILM NUMBER: 11964123
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
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0303
4
2011-07-11
0
0000897893
PEERLESS SYSTEMS CORP
PRLS
0001342857
North Star Investment Management Corp.
20 N. WACKER DRIVE
SUITE # 1416
CHICAGO
IL
60606
1
0
0
0
Peerless Systems Corporation common stock
2011-07-11
4
A
0
2816.9
0
A
288464
D
Options to acquire Peerless Systems Corporation Common Stock
3.55
2011-07-11
4
A
0
2000
0
A
2011-07-11
2012-07-11
Peerless Systems Common Stock
2000
2000
D
Such shares of restricted common stock were issued to Mr. Kuby upon his re-election to the Board at the 2011 annual meeting of the stockholders. One-half of these shares will vest on the earlier of July 11, 2012 and the date of the 2012 annual meeting of stockholders, and the other half will vest on the earlier of July 11, 2013 and the date of the 2013 annual meeting of stockholders. All shares were received in consideraion for Mr. Kuby's service as a director of the company.
285,647 shares are held by the Kuby-Gottlieb Special Value Fund of which North Star Investment Management Corporation ("North Star") is the investment manager. 62,375 shares are held in other accounts managed by North Star. Mr. Kuby may be deemend to beneficially own such shares because he is the Chief Investment Officer and a member of the investment committee of North Star. Mr. Kuby disclaims ownership of such shares, except to the extent of his pecuniary interest therein.
Twenty-five percent (25%) of the shares subject to such option shall vest and become exercisable on July, 11 2012 (the completion of one year of service measured from the grant date). The balance of the shares subject to such option shall vest and become exercisable in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service until all of the options are vested.
All options were received in consideration for Mr. Kuby's service as a director of Peerless Systems Corporation.
Peter G. Contos II
2011-07-12