1UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Versar, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
925297103
(CUSIP Number)
October 31, 2010
(Date of Event which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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.925297103 SCHEDULE 13G Page 2 of 7
1 Name of Reporting Person Eliot Rose Asset Management, LLC
IRS Identification No. of Above Person 04-3649045
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
Rhode Island
5 Sole Voting Power
538,400
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
998,900
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
998,900
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
10.8%
12 Type of Reporting Person (See Instructions)
OO, IA
CUSIP No.925297103 SCHEDULE 13G Page 3 of 7
1 Name of Reporting Person Gary S. Siperstein
IRS Identification No. of Above Person
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
538,400
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
998,900
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
998,900
10 Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions) [ ]
11 Percent of Class Represented by Amount in Row 9
10.8%
12 Type of Reporting Person (See Instructions)
OO, IN
CUSIP No.925297103 SCHEDULE 13G Page 4 of 7
Item 1(a). Name of Issuer.
Versar, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
6850 Versar Center, Springfield, Virginia 22151
Item 2(a). Names of Persons Filing.
Eliot Rose Asset Management, LLC and Gary S. Siperstein.
Item 2(b). Address of Principal Business Office or, if none,
Residence.
The office address for Eliot Rose Asset Management, LLC
and Gary S. Siperstein is 1000 Chapel View Boulevard, Suite
240, Cranston, RI 02920
Item 2(c). Citizenship.
Eliot Rose Asset Management, LLC is a Rhode Island
limited liability company, Gary S. Siperstein is a United
States citizen.
Item 2(d). Title of Class of Securities.
Common Stock
Item 2(e). CUSIP Number.
925297103
Item 3. If this statement is filed pursuant to 240.13d-
1(b) or 240.13d-2(b) or (c), check whether the person filing
is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company act of 1940 (15 U.S.C. 80a-8).
CUSIP No.925297103 SCHEDULE 13G Page 5 of 7
(e) [X] An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) [X] A parent holding company or control person in
accordance with 240.13d-1(b)(1)(ii)(G). (for Gary Siperstein
only)
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded form the definition
of an investment company under section 3(c)(14) of the
Investment Company act of 1940 (15 U.S.C. 80a-3).
(j) [ ] A non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J);
(K) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Reference is made hereby made to Items 5-9 and 11 of
pages two (2) and three (3) of this Schedule 13G, which Items
are incorporated by reference herein.
The securities reported in this Schedule include 538,400
shares held by Tapestry Investment Partners, LP, a limited
partnership of which Eliot Rose Asset Management, LLC is the
General Partner. Eliot Rose Asset Management, LLC and Gary
Siperstein, as the Manager of Eliot Rose Asset Management,
LLC, may be deemed to beneficially own the securities held by
Tapestry Investment Partners, LP for purposes of Section 13-d
of the Act, insofar as they may be deemed to have the power
to direct the voting or disposition of those securities.
Eliot Rose Asset Management, LLC is an investment advisor
registered under Section 203 of the Investment Advisors Act
or 1940. [Aside from securities held by Tapestry Investment
Partners LP], [t]he securities reported in this Schedule are
held in customer accounts as to which Eliot Rose Asset
Management, LLC acts as investment adviser. Eliot Rose
Asset Management, LLC and Gary Siperstein, as the General
Partner of Eliot Rose Asset Management, LLC, may be deemed to
beneficially own such securities for purposes of Section 13-d
of the Act, insofar as they may be deemed to have the power
to direct the voting or disposition of those securities.
Neither the filing of this Schedule nor any of its contents
shall be deemed to constitute an admission that Eliot Rose
Asset Management LLC or
CUSIP No.925297103 SCHEDULE 13G Page 6 of 7
Mr. Siperstein is for any other purpose the beneficial owner
of any of the securities, and each of Eliot Rose Asset
Management and Mr. Siperstein disclaims beneficial ownership
as to these securities except to the extent of his or its
direct pecuniary interests therein.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person.
See Item 4.
Item 7. Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on by
the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of
the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
CUSIP No.925297103 SCHEDULE 13G Page 7 of 7
Item 10. Certification.
By signing below, Eliot Rose Asset Management, LLC and
Gary S. Siperstein certify that, to the best of their
knowledge and belief, the securities referred to above on
pages two (2) and three (3), respectively, of this Schedule
13G were acquired and are held in the ordinary course of
business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information
set forth in this statement is true, complete and correct.
DATED: November 2, 2010
Eliot Rose Asset Management, LLC
/S/ Gary S. Siperstein
_____________________________
By: Gary S. Siperstein
its: Managing Member
Gary S. Siperstein
/S/ Gary S. Siperstein
_____________________________
By: Gary S. Siperstein
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)