Page 6 of 9 – SEC Filing
| (c) | The transactions in the Shares by Moab LP since Amendment No. 5 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| B. | Moab LLC |
| (a) | As of the close of business on April 6, 2017, 37,643 Shares were held in the Managed Account. Moab LLC, as the investment adviser of Moab LP and the Managed Account, may be deemed the beneficial owner of the (i) 560,568 Shares directly owned by Moab LP and (ii) 37,643 Shares held in the Managed Account. |
Percentage: Approximately 6.4%
| (b) | 1. Sole power to vote or direct vote: 598,211 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 598,211 4. Shared power to dispose or direct the disposition: 0 |
| (c) | Moab LLC has not entered into any transactions in the Shares since Amendment No. 5 to the Schedule 13D. The transactions in the Shares on behalf of Moab LP and the Managed Account since Amendment No. 5 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
| C. | Mr. Rothenberg |
| (a) | Mr. Rothenberg, as the managing member of Moab LLC, may be deemed the beneficial owner of the (i) 560,568 Shares directly owned by Moab LP and (ii) 37,643 Shares held in the Managed Account. |
Percentage: Approximately 6.4%
| (b) | 1. Sole power to vote or direct vote: 598,211 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 598,211 4. Shared power to dispose or direct the disposition: 0 |
| (c) | Mr. Rothenberg has not entered into any transactions in the Shares since Amendment No. 5 to the Schedule 13D. The transactions in the Shares on behalf of Moab LP and the Managed Account since Amendment No. 5 to the Schedule 13D are set forth in Schedule A and are incorporated herein by reference. |
The Reporting Persons,
as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may
be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims
beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. |
Item 6 is hereby amended
to read as follows:
As previously disclosed
in Amendment No. 5 to the Schedule 13D, on February 7, 2017, each of Moab LP and Moab LLC, on behalf of the Managed Account, sold
short in the over the counter market, American-style call options referencing an aggregate of 5,700 Shares and 300 Shares, respectively,
which had an exercise price of $7.50 per Share and expired on March 17, 2017 (the “Call Options”).
On March 17, 2017,
the Call Options were assigned and accordingly, each of Moab LP and Moab LLC, on behalf of the Managed Account, are no longer parties
to the Call Options.
Schedule A is incorporated
herein by reference to this Item 6.
| 6 |
