PNS Pinnacle Data Systems Common Stock

CUSIP No. 723454104


1.

(a) Names of Reporting Persons.

 First Wilshire Securities Management, Inc.

(b) Tax ID

 95-2844956

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

 California

Number of Shares Beneficially Owned by Each Reporting Person With

 5. Sole Voting Power

 669,163

 6. Shared Voting Power

 0

 7. Sole Dispositive Power

 669,163

 8. Shared Dispositive Power

 0

9. Aggregate Amount Beneficially Owned by Each Reporting Person

 669,163

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)

11. Percent of Class Represented by Amount in Row (9)

 8.2

12. Type of Reporting Person (See Instructions)


Item 1.

(a) Name of Issuer
 Pinnacle Data Systems, Inc

(b) 6600 Port Road, Groveport, OH 43125

Item 2.

(a) Name of Person Filing

 First Wilshire Securities Management, Inc.

(b) Address of Principal Business Office or, if none, Residence

 1224 East Green Street, Suite 200, Pasadena, California 91106

(c) Citizenship

 California

(d) Title of Class of Securities

 Common

(e) CUSIP Number

 723454104

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) [X] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78c)

(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).

(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) [ ] A parent holding company or control person in accordance
with 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from 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
240.13d-1(b)(1)(ii)(J);.

(k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K).If filing
as a non-U.S. institution in accordance with 240.13d-1(b)(ii)(J), please
specify the type of institution:

Item 4. Ownership.

Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 669,163

(b) Percent of class: 8.2%

(c) Number of shares as to which the person has:

 (i) Sole power to vote or to direct the vote

 669,163

 (ii) Shared power to vote or to direct the vote

 0

 (iii) Sole power to dispose or to direct the disposition of

 669,163

 (iv) Shared power to dispose or to direct the disposition of

 0

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.[ ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or Control Person.

Item 8. Identification and Classification of Members of the Group

Item 9. Notice of Dissolution of Group

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 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 my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.

February 14, 2011
Date

/S/ Matthew Dunn
Signature

Matthew Dunn
Chief Compliance Officer
Name/Title