UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b)(c)AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(b)
PIONEER STANDARD ELECTRONICS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
723877106
(CUSIP Number)
Basso Securities Ltd.
1281 East Main Street
Stamford, Connecticut 06902
(203) 324-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
-with copies to-
Stephen M. Schultz
Kleinberg Kaplan Wolff & Cohen, P.C.
551 Fifth Avenue - 18th Floor
New York, NY 10176
February 5, 2002
(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant
to which this Schedule is filed:
Rule 13d-1(b)
X Rule 13d-1(c)
Rule 13d-1(d)
The information required in the remainder of this cover
page shall 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 .
CUSIP No. 281347104
1. Name of Reporting Person I.R.S. Identification Nos. of
Above Persons (entities only)
Basso Securities Ltd.
2. Check the Appropriate Box If A Member Of A Group (See
Instructions)
(a)
(b)
3. SEC Use Only
4. Citizen Or Place Of Organization: Delaware
Number of Shares Beneficially Owned by Each Reporting Person
With:
5. Sole Voting Power
0
6. Shared Voting Power
583,097 preferred shares convertible into 1,851,099
shares of common stock
7. Sole Dispositive Power
0
8. Shared Dispositive Power
583,097 preferred shares convertible into 1,851,099 shares
of common stock
(Basso Securities Ltd. has entered into an Advisory
Services Agreement with DKR Management Company Inc.
(DKRMCI) a registered investment adviser, to act as the
portfolio manager to certain funds managed by DKRMCI.
As such, DKRMCI and Basso Securities have Shared
dispositive and voting power over the securities.)
9. Aggregate Amount Beneficially Owned by Each Reporting
Person
583,097 preferred shares convertible into 1,851,099 shares
of common stock
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares
(See Instruction)
11. Percent of Class Represented by Amount in Row 9
6.25 %
12. Type of Reporting Person (See Instructions) CO
CUSIP No. 723877106
Item 1: Security and Issuer
1(a) Name of Issuer
Pioneer Standard Electronics, Inc.
1(b) Address of Issuer's Principal Executive Offices
6065 Parkland Blvd.
Mayfield Heights, OH 44124
United States
Item 2: Identity and Background
2(a) Name of person Filing:
Basso Securities Ltd.
2(b) Address of Principal Business Office or, if none,
Residence:
The address of the reporting person is:
1281 East Main Street
Stamford, CT 06902
2(c) Citizenship/ Corporation organized
Delaware, USA
2(d) Title of Class of Security
Common Stock
2(e) Cusip Number
723877106
CUSIP No. 723877106
Item 3: If this statement is filed pursuant to
Rule 13d-1(b) or 13d-2(b) or 13d-2(c) promulgated under
the Securities Exchange Act of 1934, check whether the
filing is a:
a. Broker or Dealer registered under Section 15 of the Act,
b. Bank as defined in Section 3(a)(6) of the Act,
c. Insurance Company as defined in Section 3(a)(19) of the
Act,
d. Investment Company registered under Section 8 of the
Investment Company Act,
e. Investment Adviser in accordance with Rule 13d-
1(b)(1)(ii)(E),
f. Employee Benefit Plan, or Endowment Fund in accordance
with Rule 13d-1(b)(ii)(F),
g. Parent Holding Company or Control Person, in accordance
with Rule 13d-1(b)(ii)(G); (Note: see Item 7)
h. A saving 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;
j. Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4: Ownership
4(a) Amount Beneficially Owned
An aggregate of 583,097 preferred shares convertible into
1,851,099 shares of common stock were beneficially owned
by Basso Securities Ltd., as an advisor (portfolio manager)
to certain funds managed by DKR Management Company Inc.
(DKRMCI). Basso Securities Ltd. disclaims beneficial
ownership of the holdings reported herein.
4(b) Percent of Class
6.25 %
(The percentage was calculated by dividing 1,851,099 shares
of common stock by 29,618,099 (which represents the sum of
27,767,000 (shares outstanding based on the latest
information provided by Bloomberg) and the shares of
common stock that would be held upon conversion of the
preferred shares)).
CUSIP No. 723877106
4(c) Number of shares as to which the person has
(i) Sole Power to vote or to direct the vote
0
(ii) Shared power to vote or to direct the vote
583,097 preferred shares convertible into 1,851,099 shares
of common stock
(iii) Sole power to dispose or to direct the disposition of
0
(iv) Shared power to dispose or to direct the disposition
of 583,097 preferred shares convertible into 1,851,099
shares of common stock
(Basso Securities Ltd. has entered into an Advisory
Services Agreement with DKR Management Company Inc.
(DKRMCI) a registered investment adviser, to act as the
portfolio manager to certain funds managed by DKRMCI.
As such, DKRMCI and Basso Securities have Shared
dispositive and voting power over the securities.)
Instruction:
For computation regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
Item 5: Ownership of Five Percent or less of a Class
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be
the beneficial owner of more than five percent of the
class of securities, check the following
Instruction: Dissolution of a group requires a response
to this item.
Item 6: Ownership of More than Five percent on Behalf
of Another Person.
Basso Securities Ltd. has entered into an Advisory Services
Agreement with DKR Management Company Inc. (DKRMCI), a
registered investment adviser, to act as the portfolio
manager to certain funds managed by DKRMCI. As such,
DKRMCI, the investment advisor to the funds managed by
Basso Securities Ltd., has more than a five percent
interest in the security and has the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, such security.
CUSIP No. 723877106
Item 7: Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under
Item 3(g) and attach an exhibit stating the identity
and the Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating the
identity of each member of the group.
Not Applicable
Item 8: Identification and Classification of Members of
the Group.
If a group his filed this schedule pursuant to
Rule 13d-1(b)(ii)(H), so indicate under item 3(h)
and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group
has filed this schedule pursuant to Rule 13d-1(c), attach
an exhibit stating the identity of each member of the group.
Not Applicable
Item 9: Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an
exhibit stating the date of the dissolution and that all
ffurther filings with respect to transactions in the
security reported on will be filed, if required, by
members of he group, in their individual capacity.
See item 5.
Not Applicable
Item 10: Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above 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.
Date: February 14, 2002
____________________________
Signature
Howard I. Fischer
President