SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Harper Timothy J (Last) (First) (Middle) 6600 PORT ROAD (Street) GROVEPORT OH 43125 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PINNACLE DATA SYSTEMS INC [ PNS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) COO
	3. Date of Earliest Transaction (Month/Day/Year) 01/30/2012
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	01/30/2012		D		2,000(1)	D	$2.4	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock option	$1.45	01/30/2012		D			10,000(2)	03/17/2009	03/17/2018	Common stock	10,000	$1.45	237,500	D
Stock option	$1.45	01/30/2012		D			18,000	03/17/2010	03/17/2018	Common stock	18,000	$1.45	219,500	D
Stock option	$1.45	01/30/2012		D			22,000	03/17/2011	03/17/2018	Common stock	22,000	$1.45	197,500	D
Stock option	$1.9	01/30/2012		D			10,000	05/16/2009	05/16/2018	Common stock	10,000	$1.9	187,500	D
Stock option	$1.9	01/30/2012		D			18,000	05/16/2010	05/16/2018	Common stock	18,000	$1.9	169,500	D
Stock option	$1.9	01/30/2012		D			22,000	05/16/2011	05/16/2018	Common stock	22,000	$1.9	147,500	D
Stock option	$1	01/30/2012		D			2,500	08/11/2009	08/11/2018	Common stock	2,500	$1	145,000	D
Stock option	$1	01/30/2012		D			5,000	08/11/2010	08/11/2018	Common stock	5,000	$1	140,000	D
Stock option	$1	01/30/2012		D			7,500	08/11/2011	08/11/2018	Common stock	7,500	$1	132,500	D
Stock option	$1	01/30/2012		D			10,000	08/11/2012	08/11/2018	Common stock	10,000	$1	122,500	D
Stock option	$0.51	01/30/2012		D			7,500	05/26/2010	05/26/2019	Common stock	7,500	$0.51	115,000	D
Stock option	$0.51	01/30/2012		D			7,500	05/26/2011	05/26/2019	Common stock	7,500	$0.51	107,500	D
Stock option	$0.51	01/30/2012		D			7,500	05/26/2012	05/26/2019	Common stock	7,500	$0.51	100,000	D
Stock option	$0.6	01/30/2012		D			10,000	03/05/2011	03/05/2020	Common stock	10,000	$0.6	90,000	D
Stock option	$0.6	01/30/2012		D			20,000	03/05/2012	03/05/2020	Common stock	20,000	$0.6	70,000	D
Stock option	$0.6	01/30/2012		D			30,000	03/05/2013	03/05/2020	Common stock	30,000	$0.6	40,000	D
Stock option	$0.6	01/30/2012		D			40,000	03/05/2014	03/05/2020	Common stock	40,000	$0.6	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated November 10, 2011 ("Merger Agreement") by and among Pinnacle Data Systems, Inc. (the "Company"), Avnet, Inc. ("Avnet") and AIR Acquisition Corp., a wholly-owned subsidiary of Avnet ("Merger Sub"), on January 30, 2012, Merger Sub merged with and into the Company (the "Merger"), and effective upon the consummation of the Merger each share of common stock of the Company that was issued and outstanding as of immediately prior to the effective time of the Merger was converted into the right to receive $2.40 in cash, without interest.

2. Pursuant to the Merger Agreement, each issued and outstanding option to purchase shares of Company common stock was vested in full as of immediately prior to the Merger, and each holder of an option has the right to receive an amount in cash equal to the excess, if any, of $2.40 (without interest) over the exercise price per share of such option.

	John D. Bair	01/31/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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