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