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Proc-Type: 2001,MIC-CLEAR
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001140361-07-008154.txt : 20070423
<SEC-HEADER>0001140361-07-008154.hdr.sgml : 20070423
<ACCEPTANCE-DATETIME>20070423114724
ACCESSION NUMBER:		0001140361-07-008154
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070108
FILED AS OF DATE:		20070423
DATE AS OF CHANGE:		20070423

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEMSTAR INC
		CENTRAL INDEX KEY:			0000924829
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				411771227
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3535 TECHNOLOGY DR NW
		CITY:			ROCHESTER
		STATE:			MN
		ZIP:			55901
		BUSINESS PHONE:		507-288-6720

	MAIL ADDRESS:	
		STREET 1:		3535 TECHNOLOGY DR NW
		CITY:			ROCHESTER
		STATE:			MN
		ZIP:			55901

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEHMAN BROTHERS HOLDINGS INC
		CENTRAL INDEX KEY:			0000806085
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31223
		FILM NUMBER:		07780859

	BUSINESS ADDRESS:	
		STREET 1:		LEHMAN BROTHERS
		STREET 2:		745 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2125267000

	MAIL ADDRESS:	
		STREET 1:		LEHMAN BROTHERS
		STREET 2:		745 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER NAME:	
		FORMER CONFORMED NAME:	SHEARSON LEHMAN HUTTON HOLDINGS INC
		DATE OF NAME CHANGE:	19901017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-01-08</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000924829</issuerCik>
        <issuerName>PEMSTAR INC</issuerName>
        <issuerTradingSymbol>PMTR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000806085</rptOwnerCik>
            <rptOwnerName>LEHMAN BROTHERS HOLDINGS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>745 SEVENTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-01-08</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>4960203</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By various subsidiaries of the Reporting Person</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Converted into the right to receive 0.16 of a share of common stock, par value $0.10 per share, of Benchmark Electronics, Inc. (&quot;Benchmark&quot;) after Benchmark completed its acquisition of Pemstar Inc. effective January 8, 2007.</footnote>
    </footnotes>

    <remarks>JOINT FILER INFORMATION

Title of Security: Common Stock
Issuer &amp;  Ticker Symbol: Pemstar, Inc. (PMTR)
Designated Filer: Lehman Brothers Holdings Inc.
Other Joint Filers:
Lehman Brothers Inc.
745 Seventh Avenue
New York, New York 10019
LB I Group Inc.
745 Seventh Avenue
New York, New York 10019
Lehman Brothers Venture Partners, LP
745 Seventh Avenue
New York, New York 10019
Lehman Brothers VC Partners LP
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Venture Capital Partners 1998 (A) LP
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Venture Capital Partners 1998 (B) LP
745 Seventh Avenue
New York, New York 10019
Lehman Brothers MBG Venture Capital Partners 1998 (C) LP
745 Seventh Avenue
New York, New York 10019
Date of event requiring statement: January 8, 2007
Signature on behalf of other joint filers:
/s/ Barrett S. DiPaolo, Authorized Signatory</remarks>

    <ownerSignature>
        <signatureName>/s/ Barrett S. DiPaolo</signatureName>
        <signatureDate>2007-04-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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