4//SEC Filing
Kuby Eric 4
Accession 0000897893-11-000005
CIK 0000897893other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 7:32 PM ET
Size
8.3 KB
Accession
0000897893-11-000005
Insider Transaction Report
Form 4
Kuby Eric
Director10% Owner
Transactions
- Award
Common stock
2011-07-11+2,817→ 350,839 total - Award
Options to acquire common stock
2011-07-11+2,000→ 2,000 totalExercise: $3.55Exp: 2021-07-11→ Common stock (2,000 underlying)
Footnotes (4)
- [F1]Such shares of restricted common stock were issued to Mr. Kuby upon his re-election to the Board at the 2011 annual meeting of stockholders. One half of these shares will vest on the earlier of July 11, 2012 and the date of the 2012 annual meeting of stockholders, and the other half will vest on the earlier of July 11, 2013 and the date of the 2013 annual meeting of stockholders. All shares were received in consideration for Mr. Kuby's service as a director of the Company.
- [F2]285,647 shares are held by the Kuby-Gottlieb Special Value Fund of which North Star Investment Management Corporation ("North Star") is the investment manager. 62,375 shares are held in other accounts managed by North Star. Mr. Kuby may be deemed to beneficially own such shares because he is the Chief Investment Officer and a member of the investment committee of North Star. Mr. Kuby disclaims ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]Twenty-five percent (25%) of the shares subject to such option shall vest and become exercisable on July 11, 2012 (the completion of one year of service measured from the grant date). The balance of the shares subject to such option shall vest and become exercisable in a series of thirty-six (36) successive equal monthly installments upon completion of each additional month of service until all of the options are vested.
- [F4]All options were received in consideration for Mr. Kuby's service as a director of the Company.
Documents
Issuer
PEERLESS SYSTEMS CORP
CIK 0000897893
Entity typeother
Related Parties
1- filerCIK 0001503631
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 7:32 PM ET
- Size
- 8.3 KB