X0203 3 2011-07-18 0 0000897893 PEERLESS SYSTEMS CORP PRLS 0001526136 Kalkstein Robert L 300 ATLANTIC ST SUITE 301 STAMFORD CT 06901 0 1 0 0 Acting Chief Financial Officer Common Stock 10000 D Options to acquire common stock 3.2 2011-10-18 2020-10-18 Common Stock 20000 D Includes 5,000 shares of restricted common stock, the restrictions on which lapse on October 18, 2012. Options vest and become exercisable in four equal, annual installments beginning on October 18, 2011. /s/ Robert Kalkstein 2011-07-26