XASE:SED Insider Activity 4 Filing - 2/24/2012

Effective Date 2/24/2012

XASE:SED (): Fair Value Estimate
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XASE:SED (): Consider Buying
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XASE:SED (): Consider Selling
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XASE:SED (): Fair Value Uncertainty
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XASE:SED (): Economic Moat
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XASE:SED (): Stewardship
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
Kidston Samuel A
  2. Issuer Name and Ticker or Trading Symbol
SED INTERNATIONAL HOLDINGS INC [SED]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Footnotes
(Last)
(First)
(Middle)
10 TOWER OFFICE PARK, SUITE 420
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2012
(Street)

WOBURN, MA 01801
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 02/24/2012   A   3,334 A $4 149,463 I By North & Webster Fund II, LP(1)
Common Stock, par value $.01               169,185 I By North & Webster Val. Opp. Fund(2)
Common Stock, par value $.01               25,782 I By Managed Accounts(3)
Common Stock, par value $.01               81,024 D(4)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Kidston Samuel A
10 TOWER OFFICE PARK, SUITE 420
WOBURN, MA 01801
  X     See Footnotes
North & Webster LLC
10 TOWER OFFICE PARK, SUITE 420
WOBURN, MA 01801
      See Footnotes
North & Webster Fund II, LP
10 TOWER OFFICE PARK, SUITE 420
WOBURN, MA 01801
      See Footnotes
NORTH & WEBSTER VALUE OPPORTUNITIES FUND L P
10 TOWER OFFICE PARK, SUITE 420
WOBURN, MA 01801
      See Footnotes

Signatures

 /s/ Kidston, Samuel A.   02/24/2012
** Signature of Reporting Person Date

 By: North & Webster Value Opportunities Fund, LP, BY:North & Webster, LLC, its General Partner, By:/s/ Samuel A Kidston, Managing Member   02/24/2012
** Signature of Reporting Person Date

 By: North & Webster LLC, By:/s/Samuel A Kidston, Managing Member   02/24/2012
** Signature of Reporting Person Date

 By:North & Webster Fund II, By:North & Webster, LLC, its General Partner, By:/s/ Samuel A Kidston, Managing Member   02/24/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Consists of Shares owned by North & Webster Fund II, LP (NW Fund II). North & Webster, LLC, as the General Partner of NW Fund II, may be deemed to beneficially own the Shares owned by NW Fund II. Mr. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by NW Fund II. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein.
(2) Consists of Shares owned by North & Webster Value Opportunities Fund, LP (NW Value Opportunities Fund). North & Webster, LLC, as the General Partner of NW Value Opportunities Fund, may be deemed to beneficially own the Shares owned by NW Value Opportunities Fund. Mr. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by NW Value Opportunities Fund. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein.
(3) Consists of Shares held by certain managed accounts over which North & Webster, LLC, has voting and dispositive power. Mr. Kidston, as the Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares held by the managed accounts. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein.
(4) Samuel A. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by North & Webster, LLC. Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein. Mr. Kidston serves as non-executive Chairman of the Board of SED International Holdings, Inc.

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XASE:SED Insider Activity 4 Filling

XASE:SED Stock - Get Insider Activity SEC Filing of XASE:SED stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XASE:SED Insider Activity 4 Filing - 2/24/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

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