Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  PEERLESS SYSTEMS CORP
2. Date of Event Requiring Statement (Month/Day/Year)
09/03/2014
3. Issuer Name and Ticker or Trading Symbol
DEER VALLEY CORP [DVLY]
(Last)
(First)
(Middle)
1055 WASHINGTON BLVD, 8TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
see footnote 1 below
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

STAMFORD, CT 06901
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock (1) 12,310,458
D
 
Common Stock (1) 126,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PEERLESS SYSTEMS CORP
1055 WASHINGTON BLVD
8TH FLOOR
STAMFORD, CT 06901
    X   see footnote 1 below

Signatures

/s/ Timothy E. Brog 09/15/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Reporting Person does not own any securities of the Issuer as of the date of the filing of this report on Form 3. This Form 3 is being filed by the Reporting Person to report the number of shares over which the Reporting Person will have sole voting and dispositive power upon the closing of a stock purchase agreement dated September 3, 2014 (the "SPA") by and among the Reporting Person, the Issuer and Vicis Capital Master Fund ("Vicis"). Pursuant to the SPA, the Reporting Person intends to acquire on closing (i) 12,310,458 shares of Common Stock from Vicis; and (ii) 126,000 shares of Common Stock from the Issuer. The purchase of the shares of Common Stock reported hereunder by the Reporting Person is expected to close on or before September 30, 2014. This Form 3 is being filed at this time because no material contingencies exist that are not waivable by the Reporting Person.

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