<SEC-DOCUMENT>0001342857-12-000036.txt : 20120924
<SEC-HEADER>0001342857-12-000036.hdr.sgml : 20120924
<ACCEPTANCE-DATETIME>20120921174309
ACCESSION NUMBER:		0001342857-12-000036
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120924
DATE AS OF CHANGE:		20120921

SUBJECT COMPANY:	

	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

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48579
		FILM NUMBER:		121105073

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			North Star Investment Management Corp.
		CENTRAL INDEX KEY:			0001342857
		IRS NUMBER:				364467498
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>r.txt
<DESCRIPTION>NSIMC PEERLESS 21 SEPT 2012
<TEXT>
DOCUMENT
TYPE SC 13G
<SEQUENCE>1
<FILENAME>g13pksb.txt
DESCRIPTION 13G
TEXT
SUBMISSION:
TYPE:  SC 13G
FILING DATE:  20130921

COMPANY DATA:
CONFORMED NAME:  North Star Investment Management Corp.
CIK:  0001342857
CCC:  theo222@
IRS NUMBER: 36-4467498
STATE OF INCORPORATION:  DE
FISCAL YEAR END:  1231

FILING VALUES:
FORM TYPE:  SC 13G
ACT:  34

SUBMISSION CONTACT:
NAME:  Peter G. Contos II
PHONE: 312-580-1056

BUSINESS ADDRESS:
STREET1:  20 N. Wacker Drive, Suite 1416
CITY:  Chicago
STATE:  IL
ZIP:  60606

                             UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549
                             SCHEDULE 13D
                Under the Securities Exchange Act of 1934

                     PEERLESS SYSTEMS CORPORATION
                           (Name of Issuer)

                             Common Stock
                      (Title of Class of Securities)

                               705536100
                             (CUSIP NUMBER)

                               0000897893
         		  (CENTRAL INDEX KEY)

		  	       DELAWARE
		       (STATE OF INCORPORATION)

			      JANUARY 31
			   (FISCAL YEAR END)


                   7372 SERVICES - PREPACKAGED SOFTWARE
		  (STANDARD INDUSTRIAL CLASSIFICATION)

			       95-3732595
        		      (IRS NUMBER)

	         	    September 21, 2012
	  (Date of Event Which Require Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),

check the following box [ ]

The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provision of
the Act (however, see the Notes).

CUSIP NO.   705536100


                           SCHEDULE 13G


1. NAME OF REPORTING PERSON & I.R.S. IDENTIFICATION NO.

   NORTH STAR INVESTMENT MANAGEMENT CORP. I.R.S. 36-4467498

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                    (a) [   ]
                    (b) [   ]

3. SEC USE ONLY

4. SOURCE OF FUNDS    WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
   ITEMS  2(d) or 2(e)       [  ]

6. CITIZENSHIP OF PLACE OR ORGANIZATION

   DELAWARE

NUMBER OF        7.    SOLE VOTING POWER         280,007 (1)
SHARES
BENEFICIALLY     8.    SHARED VOTING POWER               (2)
OWNED BY
EACH             9.    SOLE DISPOSITIVE POWER    280,007 (1)
REPORTING
PERSON WITH	10.   SHARED DISPOSITIVE POWER           (2)

11. AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON

    280,007

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES*      [  ]

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    8.6%

14. TYPE OF REPORTING PERSON*	CO


   ILLINOIS

NUMBER OF        7.    SOLE VOTING POWER         280,007
SHARES
BENEFICIALLY     8.    SHARED VOTING POWER
OWNED BY
EACH             9.    SOLE DISPOSITIVE POWER    280,007
REPORTING
PERSON WITH	10.   SHARED DISPOSITIVE POWER

11. AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON

    280,007

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES*      [  ]

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     8.6%


EXHIBIT C  Transactions in the last 60 days

Trade Date   Security     Transaction  Shares      Total


 09/21/2012    PRLS	    Sell      37,375       280,007


After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.

Dated: September 22, 2012


__________________________
Peter Gottlieb


NORTH STAR INVESTMENT MANAGEMENT CORP.

By:  /S/ PETER D. GOTTLIEB
----------------------------------
PETER D. GOTTLIEB, President & CEO


By:  /S/ PETER G. CONTOS II
----------------------------------
PETER G. CONTOS II
TEXT
DOCUMENT
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>