SEC FORM 4

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

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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^*

RENZI JEFFREY

(Last)

(First)

(Middle)

2300 WEST PLANO PARKWAY

(Street)

PLANO

75075

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PEROT SYSTEMS CORP [ PER ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2009

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/03/2009		U		55,920⁽¹⁾⁽²⁾	D	$30	31,575	D
Common Stock	11/03/2009		U		31,575⁽³⁾	D	$0.00⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (Right to Buy)	$13.15	11/03/2009		D			10,000	⁽⁴⁾	12/09/2010	Common Stock	10,000	$16.85⁽⁵⁾	0	D
Non-Qualified Stock Option (Right to Buy)	$15.93	11/03/2009		D			16,000	⁽⁶⁾	12/13/2011	Common Stock	16,000	$14.07⁽⁵⁾	4,000	D
Non-Qualified Stock Option (Right to Buy)	$15.93	11/03/2009		D			2,000	⁽⁷⁾	12/13/2011	Common Stock	2,000	$14.07⁽⁷⁾	2,000	D
Non-Qualified Stock Option (Right to Buy)	$15.93	11/03/2009		D			2,000	⁽⁸⁾	12/13/2011	Common Stock	2,000	$28.14⁽⁸⁾	0	D
Non-Qualified Stock Option (Right to Buy)	$13.63	11/03/2009		D			16,000	⁽⁹⁾	10/13/2012	Common Stock	16,000	$16.37⁽⁵⁾	4,000	D
Non-Qualified Stock Option (Right to Buy)	$13.63	11/03/2009		D			2,000	⁽⁷⁾	10/13/2012	Common Stock	2,000	$16.37⁽⁷⁾	2,000	D
Non-Qualified Stock Option (Right to Buy)	$13.63	11/03/2009		D			2,000	⁽⁸⁾	10/13/2012	Common Stock	2,000	$32.74⁽⁸⁾	0	D
Non-Qualified Stock Option (Right to Buy)	$14.87	11/03/2009		D			13,500	⁽¹⁰⁾	11/02/2013	Common Stock	13,500	$15.13⁽⁵⁾	9,000	D
Non-Qualified Stock Option (Right to Buy)	$14.87	11/03/2009		D			4,500	⁽⁷⁾	11/02/2013	Common Stock	4,500	$15.13⁽⁷⁾	4,500	D
Non-Qualified Stock Option (Right to Buy)	$14.87	11/03/2009		D			4,500	⁽⁸⁾	11/02/2013	Common Stock	4,500	$30.26⁽⁸⁾	0	D
Non-Qualified Stock Option (Right to Buy)	$15.23	11/03/2009		D			10,000	⁽¹¹⁾	08/02/2014	Common Stock	10,000	$14.77⁽⁵⁾	15,000	D
Non-Qualified Stock Option (Right to Buy)	$15.23	11/03/2009		D			7,500	⁽⁷⁾	08/02/2014	Common Stock	7,500	$14.77⁽⁷⁾	7,500	D
Non-Qualified Stock Option (Right to Buy)	$15.23	11/03/2009		D			7,500	⁽⁸⁾	08/02/2014	Common Stock	7,500	$29.54⁽⁸⁾	0	D
Non-Qualified Stock Option (Right to Buy)	$14.26	11/03/2009		D			6,000	⁽¹²⁾	03/14/2015	Common Stock	6,000	$15.74⁽⁵⁾	24,000	D
Non-Qualified Stock Option (Right to Buy)	$14.26	11/03/2009		D			12,000	⁽⁷⁾	03/14/2015	Common Stock	12,000	$15.74⁽⁷⁾	12,000	D
Non-Qualified Stock Option (Right to Buy)	$14.26	11/03/2009		D			12,000	⁽⁸⁾	03/14/2015	Common Stock	12,000	$31.48⁽⁸⁾	0	D
Stock-Settled Stock Appreciation Rights (SSARs)	$11.77	11/03/2009		D			15,500	⁽⁷⁾	03/13/2019	Common Stock	15,500	$18.23⁽⁷⁾	15,500	D
Stock-Settled Stock Appreciation Rights (SSARs)	$11.77	11/03/2009		D			15,500	⁽⁸⁾	03/13/2019	Common Stock	15,500	$36.46⁽⁸⁾	0	D

Explanation of Responses:

1. Pursuant to the tender offer commenced under the Agreement and Plan of Merger, dated September 20, 2009, by and among issuer, Dell Inc. and DII-Holdings Inc. (the "Merger Agreement"), the shares of the issuer's Class A Common Stock issued and outstanding (the "Shares") were exchanged for the right to receive $30.00 per Share (the "Offer Price") without interest thereon and less any applicable withholding or stock transfer taxes.

2. Includes 31,525 Restricted Stock Units that, pursuant to the Merger Agreement, became vested and earned and were cancelled and converted into the right to receive an amount (without interest) in cash equal to the product of (x) the Offer Price multiplied by (y) the total number of Shares subject to such Restricted Stock Unit.

3. Restricted Stock Units that, pursuant to the Merger Agreement, vested and were cancelled, and the cash consideration that these Restricted Stock Units otherwise would have received if cashed out as described the preceding sentence was converted into a number of time-based vesting restricted stock unit awards (settleable in Dell Common Stock) equal to an amount determined by multiplying such cash amount by two (2), and dividing such amount by the closing trading price of one share of Dell Common Stock as reported on the Nasdaq Global Select Market on November 3, 2009.

4. The Stock Options vested in 5 equal annual installments beginning on 12/09/2004.

5. Pursuant to the Merger Agreement, all outstanding vested Stock Options were cancelled in exchange for a cash payment (without interest) equal to the product of (x) the excess, if any, of the Offer Price over the exercise price or base price, as applicable, per Share of each such Stock Option, multiplied by (y) the total number of Shares subject to such Stock Option.

6. The Stock Options vested in 4 equal annual installments beginning on 12/13/2005

7. Pursuant to the Merger Agreement, all outstanding unvested Stock Options to purchase Shares and all outstanding SSARs (collectively, "Unvested Company Stock Option Awards") (except for the Unvested Company Stock Option Awards described in footnote 15 below) vested and were cancelled in exchange for a cash payment (without interest) equal to the product of (x) the excess, if any, of the Offer Price over the exercise price or base price, as applicable, per Share of each such Unvested Company Stock Option Award, multiplied by (y) the total number of Shares subject to such Unvested Company Stock Option Award.

8. Pursuant to the Merger Agreement, these Unvested Company Stock Option Awards vested and were cancelled, and the cash consideration that these Unvested Company Stock Option Awards otherwise would have received if cashed out as described in footnote 14 above was converted into a number of time-based vesting restricted stock unit awards (settleable in the common stock of Dell Inc. ("Dell Common Stock")) equal to an amount determined by multiplying such cash consideration by two (2), and dividing such amount by the closing trading price of one share of Dell Common Stock as reported on the Nasdaq Global Select Market on November 3, 2009.

9. The Stock Options vested in 4 equal annual installments beginning on 10/13/2006.

10. The Stock Options vested in 3 equal annual installments beginning on 11/02/2007

11. The Stock Options vested in 2 equal annual installments beginning on 8/02/2008

12. The Stock Options vested on 3/14/2009.

Remarks:

	By Rex C. Mills, by Power of Attorney for Jeffrey Renzi	11/05/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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