X0303 4 2010-11-10 0 0000897893 PEERLESS SYSTEMS CORP PRLS 0001011938 BATHGATE STEVEN MARK C/O PEERLESS SYSTEMS CORP 2361 ROSECRANS AVENUE EL SEGUNDO CA 90254 1 0 0 0 Common stock 2010-11-10 4 S 0 260000 3.25 D 164481 D Includes 20,000, 200,000, 30,000 and 10,000 shares tendered in Peerless Systems Corporation's tender offer, respectively, by Mr. Bathgate, his wife, the Bathgate Family Partnership, Ltd., and Mr. Bathgate's adult children residing with him. Includes 27,241, 100,000, 10,000 and 10,000 shares held by Mr. Bathgate, his wife, the Bathgate Family Partnership, Ltd., and Mr. Bathgate's adult children residing with him. Also includes 17,240 shares of restricted common stock held by Mr. Bathgate. /s/ Steven Bathgate 2010-11-11