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

The following constitutes
Amendment No. 7 to the Schedule 13D filed by the undersigned (“Amendment No. 7”). This Amendment No. 7 amends the Schedule
13D as specifically set forth herein.

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 659,471
Shares directly owned by Moab LP is approximately $4,086,000, including brokerage commissions. The aggregate purchase price of
the 40,172 Shares held in the Managed Account is approximately $264,000, 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 9,420,254 Shares outstanding, as of May 4, 2017, 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 May 8, 2017.

A.

Moab LP

(a)

As of the close of business on August 9, 2017, Moab LP directly owned 659,471 Shares.

Percentage: Approximately 7.0%

(b)

1. Sole power to vote or direct vote: 659,471 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 659,471 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)

As of the close of business on August 9, 2017, 40,172 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) 659,471 Shares directly owned by Moab LP and (ii) 40,172 Shares held in the Managed Account.

Percentage: Approximately 7.4%

(b)

1. Sole power to vote or direct vote: 699,643 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 699,643 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.