X0303 4 2010-11-10 1 0000897893 PEERLESS SYSTEMS CORP PRLS 0001494499 Ramsden Edward C/O CABURN MANAGEMENT LP 535 MADISON AVENUE NEW YORK NY 10022 1 0 0 0 Common Stock 2010-11-10 4 S 0 323672 3.25 D 0 I See footnote 1 Shares were sold by funds and accounts for which Caburn Management LP serves as investment manager, with dispositive and, in some cases, voting authority over the shares. Mr. Ramsden may be deemed to control Caburn Management LP and thus may be deemed to have indirect beneficial ownership of such shares. Mr. Ramsden disclaims beneficial ownership of such shares. /s/ Edward Ramsden 2010-11-11