13D Filing: Moab Capital Partners and Perceptron Inc (PRCP)

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby
amended and restated to read as follows:

The Shares purchased
by Moab LP and held in the Managed Account were purchased with working capital (which may, at any given time, include margin loans
made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 883,298
Shares directly owned by Moab LP is approximately $5,989,000, including brokerage commissions. The aggregate purchase price of
the 39,292 Shares held in the Managed Account is approximately $266,000, including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

Items 5(a)-(c) are
hereby amended and restated to read as follows:

The aggregate percentage
of Shares reported owned by each person named herein is based upon 9,552,065 Shares outstanding, as of February 2, 2018, which
is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities
and Exchange Commission on February 5, 2018.

A.

Moab LP

(a)

As of the close of business on March 30, 2018, Moab LP directly owned 883,298 Shares.

Percentage: Approximately 9.2%

(b)

1. Sole power to vote or direct vote: 883,298 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 883,298 4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Moab LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

B.

Moab LLC

(a)

Moab LLC, as the investment adviser of Moab LP, may be deemed the beneficial owner of the 883,298 Shares directly owned by Moab LP.

Percentage: Approximately 9.2%

(b)

1. Sole power to vote or direct vote: 883,298 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 883,298 4. Shared power to dispose or direct the disposition: 0

(c)

Moab LLC has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Moab LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.