UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Perceptron, Inc.
(Name of Issuer)
Common stock, $.01 par value
(Title of Class of Securities)
71361F100
(CUSIP Number)
Melissa Dehn
2700 NE Andresen Road, Suite D25
Vancouver, WA 98661
(360) 737-4145
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 3, 2010
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all
exhibits. See 240.13d-7 for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No. 71361F100 SCHEDULE 13D Page 2 of 6
1 Name of Reporting Person Eliot Rose Asset Management,
LLC
IRS Identification No. of Above Person 04-3649045
(entities only)
2 Check the Appropriate Box if a Member of a Group* (a) [
]
(b) [
]
3 SEC USE ONLY
4 Source of Funds
WC
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [
]
6 Citizenship or Place of Organization
Rhode Island
NUMBER OF 7 Sole Voting Power 899,252
SHARES
BENEFICIALLY 8 Shared Voting Power -0-
OWNED BY EACH
REPORTING 9 Sole Dispositive Power 899,252
PERSON
WITH 10 Shared Dispositive Power -0-
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8969,252
12 Check Box if the Aggregate Amount in Row 11 Excludes
Certain Shares
[ ]
13 Percent of Class Represented by Amount in Row 11
10.0
14 Type of Reporting Person
IA
CUSIP No. 71361F100 SCHEDULE 13D Page 3 of 6
1 Name of Reporting Person Gary S. Siperstein
IRS Identification No. of Above Person
(entities only)
2 Check the Appropriate Box if a Member of a Group* (a) [
]
(b) [
]
3 SEC USE ONLY
4 Source of Funds
WC
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [
]
6 Citizenship or Place of Organization
Rhode Island
NUMBER OF 7 Sole Voting Power 899,252
SHARES
BENEFICIALLY 8 Shared Voting Power -0-
OWNED BY EACH
REPORTING 9 Sole Dispositive Power 899,252
PERSON
WITH 10 Shared Dispositive Power -0-
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8969,252
12 Check Box if the Aggregate Amount in Row 11 Excludes
Certain Shares
[ ]
13 Percent of Class Represented by Amount in Row 11
10.0
14 Type of Reporting Person
IN
CUSIP No. 71361F100 SCHEDULE 13D Page 4 of 6
Item 1. Security and Issuer
This Schedule 13D ("Schedule") relates to shares of Common
stock, $.01 par value (the "Common Stock"), of Perceptron,
Inc. (the "Issuer"). The principal executive office of the
Issuer is 47827 Halyard Drive, Plymouth, MI 48170-2461.
Item 2. Identity and Background
This Schedule is filed on behalf of Eliot Rose Asset
Management, LLC and Gary S. Siperstein, whose principal
business office address is 1000 Chapel View Blvd., Suite 240,
Cranston, RI 02920.
Eliot Rose Asset Management, LLC is an investment advisor
registered as such with the SEC and in various states. Eliot
Rose Asset Management, LLC's managing member and majority
owner is Gary S. Siperstein.
Neither Eliot Rose Asset Management, LLC, or Gary S.
Siperstein have, during the past five years, been convicted of
any criminal proceeding (excluding traffic violations or
similar misdemeanors).
Neither Eliot Rose Asset Management, LLC or Gary S.
Siperstein, have been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect
to such laws.
Eliot Rose Asset Management, LLC is a Rhode Island limited
liability company, and Gary S. Siperstein is a United States
citizen.
Item 3. Source and Amount of Funds or Other Consideration
Funds for the purchases of Common Stock were obtained from the
working capital of various accounts managed by Eliot Rose
Asset Management, LLC.
Item 4. Purpose of Transaction.
The purchases of Common Stock were made solely for investment
purposes. Depending upon market conditions and other factors,
Eliot Rose Asset Management, LLC may acquire additional
securities of the Issuer, or alternatively, may dispose of
some or all of the securities of the Issuer that it
beneficially owns.
CUSIP No. 71361F100 SCHEDULE 13D Page 5 of 6
Item 5. Interest in Securities of the Issuer
(a),(b) Reference is made hereby to Items 7-11 and 13 of
page
two (2) and three (3) of this Schedule, which Items
are
incorporated by reference herein.
(c) Rose Asset Management, LLC acquired the following
stock
in the last sixty days, as part of its regular
investment activities using FINRA registered
broker-dealers.
Transaction Date Amount of Securities
Price
Sell 1/11/2010 30,000
3.13
Sell 1/12/2010 20,000
3.06
Buy 1/19/2010 2,500
3.20
Buy 1/22/2010 12,500
3.04
Buy 1/25/2010 20,000
3.20
Buy 1/26/2010 10,500
3.25
Buy 1/27/2010 7,000
3.24
Buy 1/29/2010 3,150
3.24
Buy 1/29/2010 3,150
3.24
Buy 1/29/2010 1,500
3.24
Buy 2/1/2010 3,600
3.24
Buy 2/1/2010 8,150
3.24
Buy 2/1/2010 3,250
3.24
Buy 2/2/2010 1,850
3.23
Buy 2/3/2010 5,000
3.25
Buy 2/4/2010 35,000
3.38
Buy 2/8/2010 16,300
3.64
Buy 2/8/2010 24,700
3.64
Buy 2/9/2010 625
3.65
Sell 2/10/2010 1,500
3.38
Buy 2/11/2010 17,500
3.68
TransferOUT 2/12/2010 375
TransferOUT 2/12/2010 750
TransferOUT 2/18/2010 375
Buy 2/24/2010 10,300
3.62
Buy 2/24/2010 12,200
3.62
Buy 2/25/2010 30,000
3.61
Buy 2/26/2010 2,500
3.63
Buy 3/1/2010 3,500
3.56
Buy 3/2/2010 8,000
3.63
Buy 3/3/2010 25,000
3.77
(d),(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer
None.
CUSIP No. 71361F100 SCHEDULE 13D Page 6 of 6
Item 7. Material to be Filed as Exhibits
None.
Signatures
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
DATED: August 9, 2010
Eliot Rose Asset Management, LLC
/s/ Gary S. Siperstein
______________________________
Gary S. Siperstein
Managing Member
Gary S. Siperstein
/s/ Gary S. Siperstein
______________________________
Gary S. Siperstein