13D Filing: Hale Partnership Capital Loading Up on Shares of Stanley Furniture Co Inc. (STLY)

CUSIP NO. 854305208

13D/A

Page 11

This Amendment No. 7 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 7”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on December 22, 2014, as amended (the “Schedule 13D”, and as further amended by this Amendment No. 7, this “Statement”), with respect to the Common Stock, par value $0.02 per share (the “Common Stock”), of Stanley Furniture Company, Inc., a Delaware corporation (the “Company”). Except as amended and supplemented by this Amendment No. 7, the Schedule 13D remains unchanged.

This Statement is filed by (i) Hale Partnership Capital Management, LLC (“Hale Adviser”), (ii) Hale Partnership Capital Advisors, LLC (“Hale GP”), (iii) Hale Partnership Fund, L.P. (“Hale Fund I”), (iv) MGEN II – Hale Fund, L.P. (“Hale Fund II”), (v) Clark – Hale Fund, L.P. (“Hale Fund III” and collectively with Hale Fund I and Hale Fund II, the “Hale Funds”), (vi) Steven A. Hale II (“Mr. Hale”), (vii) TALANTA Investment Group, LLC (“TALANTA GP”), (viii) TALANTA Fund, L.P. (“TALANTA Fund”), and (ix) Justyn R. Putnam (“Mr. Putnam”) (each, a “Reporting Person” and collectively, the “Reporting Persons”). The Hale Funds and TALANTA Fund are referred to collectively as the “Funds.” The Reporting Persons are filing this Statement jointly.

All purchases of the Common Stock have been made by or on behalf of the Funds using the investment capital of the Funds. The aggregate purchase price of the Common Stock acquired was approximately $4,185,429 (excluding brokerage commissions and transaction costs).

Item 5.

Interest in Securities of the Issuer

Each of the Hale Funds and the TALANTA Fund directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. None of the other Reporting Persons directly hold any of the shares of Common Stock disclosed in this Statement.

Each percentage ownership of shares of Common Stock set forth in this Statement is based on 14,911,453 shares of Common Stock reported by the Company as outstanding as of October 23, 2015 in its Quarterly Report on Form 10-Q filed with the SEC on October 27, 2015.

Hale Adviser, as the investment manager of the Hale Funds, Hale GP, as the general partner of the Hale Funds, and Mr. Hale, as the sole manager of Hale Adviser and Hale GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the Hale Funds, and consequently Hale Adviser, Hale GP and Mr. Hale may be deemed to possess indirect beneficial ownership of such shares. Hale Adviser, Hale GP and Mr. Hale disclaim beneficial ownership of such shares for all other purposes.

TALANTA GP, as general partner of the TALANTA Fund, and Mr. Putnam, as managing member of TALANTA GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the TALANTA Fund, and consequently TALANTA GP and Mr. Putnam may be deemed to possess indirect beneficial ownership of such shares. TALANTA GP and Mr. Putnam disclaim beneficial ownership of such shares for all other purposes.