13D Filing: Simcoe Capital Management and Exar Corp (NYSE:EXAR)

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C.
SDR Partners
 
(a)
As of the date hereof, SDR Partners directly owned 119,031 Shares.
Percentage: Less than 1%
 
(b)
1. Sole power to vote or direct vote: 119,031
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 119,031
 
4. Shared power to dispose or direct the disposition: 0
 
(c)
SDR Partners has not entered into any transactions in the Shares since Amendment No. 1 to the Schedule 13D.
D.
Simcoe Capital
 
(a)
As of the date hereof, 134,207 Shares were held in the Managed Accounts. Simcoe Capital, as the investment manager to each of Simcoe Partners, SDR Partners and the Managed Accounts, may be deemed the beneficial owner of the (i) 2,324,663 Shares owned by Simcoe Partners, (ii) 119,031 Shares owned by SDR Partners and (iii) 134,207 Shares held in the Managed Accounts.
Percentage: Approximately 5.0%
 
(b)
1. Sole power to vote or direct vote: 2,577,901
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 2,577,901
4. Shared power to dispose or direct the disposition: 0
 
(c)
Simcoe Capital has not entered into any transactions in the Shares since Amendment No. 1 to the Schedule 13D.
E.
Mr. Jacobowitz
 
(a)
Mr. Jacobowitz, as Managing Member of each of Simcoe Management and Simcoe Capital, may be deemed the beneficial owner of the (i) 2,324,663 Shares owned by Simcoe Partners, (ii) 119,031 Shares owned by SDR Partners and (iii) 134,207 Shares held in the Managed Accounts.
Percentage: Approximately 5.0%
 
(b)
1. Sole power to vote or direct vote: 2,577,901
 
2. Shared power to vote or direct vote: 0
 
3. Sole power to dispose or direct the disposition: 2,577,901
4. Shared power to dispose or direct the disposition: 0
 
(c)
Mr. Jacobowitz has not entered into any transactions in the Shares since Amendment No. 1 to the Schedule 13D.
Each Reporting Person, as a member of a “group” with the other Reporting Persons 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.

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