SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT PURSUANT TO RULE 13D-1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
PFSweb, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
717098206
(CUSIP Number)
December 31, 2009
(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)
| CUSIP No. 717098206 | Page 1 of 6 Pages |
| 1) | Names of Reporting Persons IRS Identification No. Of Above Persons
The PNC Financial Services Group, Inc. 25-1435979 | |||||
| 2) | Check the Appropriate Box if a Member of a Group (See Instructions) a) ¨ b) ¨
| |||||
| 3) | SEC USE ONLY
| |||||
| 4) | Citizenship or Place of Organization
Pennsylvania | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With |
5) | Sole Voting Power
-0- | ||||
| 6) | Shared Voting Power
585,194 | |||||
| 7) | Sole Dispositive Power
-0- | |||||
| 8) | Shared Dispositive Power
585,194 | |||||
| 9) |
Aggregate Amount Beneficially Owned by Each Reporting Person
585,194* *See the response to Item 6. | |||||
| 10) |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions ¨
| |||||
| 11) |
Percent of Class Represented by Amount in Row (9)
5.89 | |||||
| 12) |
Type of Reporting Person (See Instructions)
HC | |||||
| CUSIP No. 717098206 | Page 2 of 6 Pages |
| 1) | Names of Reporting Persons IRS Identification No. Of Above Persons
PNC Bancorp, Inc. 51-0326854 | |||||
| 2) | Check the Appropriate Box if a Member of a Group (See Instructions) a) ¨ b) ¨
| |||||
| 3) | SEC USE ONLY
| |||||
| 4) | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With |
5) | Sole Voting Power
-0- | ||||
| 6) | Shared Voting Power
585,194 | |||||
| 7) | Sole Dispositive Power
-0- | |||||
| 8) | Shared Dispositive Power
585,194 | |||||
| 9) |
Aggregate Amount Beneficially Owned by Each Reporting Person
585,194* *See the response to Item 6. | |||||
| 10) |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions ¨
| |||||
| 11) |
Percent of Class Represented by Amount in Row (9)
5.89 | |||||
| 12) |
Type of Reporting Person (See Instructions)
HC | |||||
| CUSIP No. 717098206 | Page 3 of 6 Pages |
| 1) | Names of Reporting Persons IRS Identification No. Of Above Persons
PNC Bank, National Association 22-1146430 | |||||
| 2) | Check the Appropriate Box if a Member of a Group (See Instructions) a) ¨ b) ¨
| |||||
| 3) | SEC USE ONLY
| |||||
| 4) | Citizenship or Place of Organization
United States | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With |
5) | Sole Voting Power
-0- | ||||
| 6) | Shared Voting Power
585,194 | |||||
| 7) | Sole Dispositive Power
-0- | |||||
| 8) | Shared Dispositive Power
585,194 | |||||
| 9) |
Aggregate Amount Beneficially Owned by Each Reporting Person
585,194* *See the response to Item 6. | |||||
| 10) |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions ¨
| |||||
| 11) |
Percent of Class Represented by Amount in Row (9)
5.89 | |||||
| 12) |
Type of Reporting Person (See Instructions)
BK | |||||
| Page 4 of 6 Pages |
ITEM 1(a) - NAME OF ISSUER:
PFSweb, Inc.
ITEM 1(b) - ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
500 North Central Expressway
Plano, Texas 75074
ITEM 2(a) - NAME OF PERSON FILING:
The PNC Financial Services Group, Inc.; PNC Bancorp, Inc.; and
PNC Bank, National Association
ITEM 2(b) - ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The PNC Financial Services Group, Inc. - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707
PNC Bancorp, Inc. - 300 Delaware Avenue, Suite 304, Wilmington, DE 19801
PNC Bank, National Association - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707
ITEM 2(c) - CITIZENSHIP:
The PNC Financial Services Group, Inc. - Pennsylvania
PNC Bancorp, Inc. - Delaware
PNC Bank, National Association - United States
ITEM 2(d) - TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) - CUSIP NUMBER:
717098206
ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
| (a) | ¨ | Broker or dealer registered under Section 15 of the Exchange Act; | ||
| (b) | x | Bank as defined in Section 3(a)(6) of the Exchange Act; | ||
| (c) | ¨ | Insurance Company as defined in Section 3(a)(19) of the Exchange Act; | ||
| (d) | ¨ | Investment Company registered under Section 8 of the Investment Company Act; | ||
| (e) | ¨ | An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | ||
| (f) | ¨ | An Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F); | ||
| (g) | x | A Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G); | ||
| (h) | ¨ | A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act; | ||
| (i) | ¨ | A Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act; | ||
| (j) | ¨ | Group, in accordance with Rule 13d(b)(1)(ii)(J). | ||
If this statement is filed pursuant to Rule 13d-1(c), check this box. ¨
| Page 5 of 6 Pages |
ITEM 4 - OWNERSHIP:
The following information is as of December 31, 2009:
| (a) Amount Beneficially Owned: | 585,194* | |
| *See the response to Item 6. | ||
| (b) Percent of Class: | 5.89 |
(c) Number of shares to which such person has:
| (i) sole power to vote or to direct the vote |
-0- | |
| (ii) shared power to vote or to direct the vote |
585,194 | |
| (iii) sole power to dispose or to direct the disposition of |
-0- | |
| (iv) shared power to dispose or to direct the disposition of |
585,194 |
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:
The total shares of common stock reported herein are held in trust accounts created by an Amended and Restated Trust Agreement dated September 20, 1983, in which Lloyd I. Miller, Jr. was Grantor and for which PNC Bank, National Association serves as Trustee.
In connection with the trust accounts, Lloyd I. Miller, III and PNC Bank, National Association, in its capacity as Trustee, have entered into an Investment Advisory Agreement dated as of April 1, 2002. Either party may terminate the Investment Advisory Agreement on 30 days prior written notice.
ITEM 7 - IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Included are the following subsidiaries of The PNC Financial Services Group, Inc. - HC:
PNC Bancorp, Inc. - HC (wholly owned subsidiary of The PNC Financial Services Group, Inc.)
PNC Bank, National Association - BK (wholly owned subsidiary of PNC Bancorp, Inc.)
ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable.
ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
| Page 6 of 6 Pages |
ITEM 10 - CERTIFICATION:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and 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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
February 12, 2010
Date
| By: | /s/ Joseph C. Guyaux | |
| Signature - The PNC Financial Services Group, Inc. Joseph C. Guyaux, President Name & Title | ||
| February 12, 2010 Date
| ||
| By: | /s/ Maria C. Schaffer | |
| Signature - PNC Bancorp, Inc. Maria C. Schaffer, Executive Vice President Name & Title | ||
| February 12, 2010 Date
| ||
| By: | /s/ Joseph C. Guyaux | |
| Signature - PNC Bank, National Association Joseph C. Guyaux, President Name & Title | ||
AN AGREEMENT TO FILE A JOINT STATEMENT WAS PREVIOUSLY FILED