Perceptron, Inc.
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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71361F100
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(CUSIP Number)
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Justin B. Borus
Lazarus Investment Partners LLLP
c/o Lazarus Management Company LLC
3200 Cherry Creek South Drive, Suite 670
Denver, CO 80209
(303) 500-8821
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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November 3, 2011
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(Date of event which requires filing of this statement)
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CUSIP No. 71361F100
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1
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NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lazarus Investment Partners LLLP
56-2347695
|
||
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
||
3
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SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
PF, OO
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
o
|
||
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
799,267
|
8
|
SHARED VOTING POWER
0
|
|
9
|
SOLE DISPOSITIVE POWER
799,267
|
|
10
|
SHARED DISPOSITIVE POWER
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
799,267
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
|
14
|
TYPE OF REPORTING PERSON
PN
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CUSIP No. 71361F100
|
1
|
NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Lazarus Management Company LLC
33-1042318
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
PF, OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
o
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
799,267
|
8
|
SHARED VOTING POWER
0
|
|
9
|
SOLE DISPOSITIVE POWER
799,267
|
|
10
|
SHARED DISPOSITIVE POWER
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
799,267
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
|
14
|
TYPE OF REPORTING PERSON
IA
|
CUSIP No. 71361F100
|
1
|
NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Justin B. Borus
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS
PF, OO
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
o
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7
|
SOLE VOTING POWER
799,267
|
8
|
SHARED VOTING POWER
0
|
|
9
|
SOLE DISPOSITIVE POWER
799,267
|
|
10
|
SHARED DISPOSITIVE POWER
0
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
799,267
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
|
14
|
TYPE OF REPORTING PERSON
IN/HC
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Date
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Buy/Sell
|
Number of Shares
|
Price/Share
|
9/6/2011
|
BUY
|
2,050
|
$5.9846
|
9/7/2011
|
BUY
|
300
|
$6.0833
|
9/8/2011
|
BUY
|
100
|
$6.10
|
9/12/2011
|
BUY
|
100
|
$5.924
|
9/14/2011
|
BUY
|
1,000
|
$5.8384
|
9/15/2011
|
BUY
|
100
|
$5.87
|
9/16/2011
|
BUY
|
200
|
$5.855
|
9/21/2011
|
BUY
|
2,350
|
$5.8828
|
9/22/2011
|
BUY
|
1,301
|
$5.7854
|
9/23/2011
|
BUY
|
200
|
$5.86
|
9/26/2011
|
BUY
|
600
|
$5.7367
|
9/27/2011
|
BUY
|
100
|
$5.45
|
9/27/2011
|
BUY
|
100
|
$5.49
|
9/30/2011
|
BUY
|
600
|
$5.4017
|
10/3/2011
|
BUY
|
600
|
$5.0567
|
10/4/2011
|
BUY
|
5,500
|
$5.0182
|
10/5/2011
|
BUY
|
200
|
$5.0278
|
10/6/2011
|
SELL
|
1,000
|
$4.97
|
10/7/2011
|
BUY
|
300
|
$5.0133
|
10/10/2011
|
BUY
|
100
|
$5.06
|
10/11/2011
|
BUY
|
300
|
$5.1067
|
10/12/2011
|
BUY
|
100
|
$5.29
|
10/14/2011
|
BUY
|
100
|
$5.37
|
10/20/2011
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SELL
|
3400
|
$5.3324
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Exhibit A:
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|
Joint Filing Agreement, dated as of November 4, 2011, by and among Lazarus Investment Partners LLLP, Lazarus Management Company LLC and Justin B. Borus.
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LAZARUS INVESTMENT PARTNERS LLLP
By: Lazarus Management Company LLC
its general partner
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By: /s/ Justin B. Borus
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Name: Justin B. Borus
Title: Chief Compliance Officer
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LAZARUS MANAGEMENT COMPANY LLC
|
By: /s/ Justin B. Borus
|
Name: Justin B. Borus
Title: Chief Compliance Officer
|
/s/ Justin B. Borus
|
Justin B. Borus
|
LAZARUS INVESTMENT PARTNERS LLLP
By: Lazarus Management Company LLC
its general partner
|
By: /s/ Justin B. Borus
|
Name: Justin B. Borus
Title: Chief Compliance Officer
|
LAZARUS MANAGEMENT COMPANY LLC
|
By: /s/ Justin B. Borus
|
Name: Justin B. Borus
Title: Chief Compliance Officer
|
/s/ Justin B. Borus
|
Justin B. Borus
|