According to a new filing with the Securities and Exchange Commission, Viex Capital Advisors owns an activist stake in YuMe Inc (NYSE:YUME). The filing shows that Viex holds around 2.59 million shares of YuMe, which represent some 7.5% of the company’s outstanding common stock.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
VIEX Opportunities Fund, | 2,591,733 | 2,591,733 | 2,591,733 | 7.5% | ||
VIEX Opportunities Fund, | 561,269 | 561,269 | 561,269 | 1.6% | ||
VIEX Special Opportunities Fund II, | 2,146,501 | 2,146,501 | 2,146,501 | 6.2% | ||
VIEX GP, | 3,153,002 | 3,153,002 | 3,153,002 | 9.2% | ||
VIEX Special Opportunities GP II, | 2,146,501 | 2,146,501 | 2,146,501 | 6.2% | ||
VIEX Capital Advisors, | 5,299,503 | 5,299,503 | 5,299,503 | 15.4% | ||
Eric Singer | 5,299,503 | 5,299,503 | 5,299,503 | 15.4% |
Page 1 of 14 SEC Filing
(Name, Address and Telephone Number of Person
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Page 2 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX Opportunities Fund, LP – Series One* | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 2,591,733 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 2,591,733 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,591,733 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% | ||
14 | TYPE OF REPORTING PERSON PN |
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Page 3 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX Opportunities Fund, LP – Series Two* | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 561,269 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 561,269 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 561,269 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.6% | ||
14 | TYPE OF REPORTING PERSON PN |
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Page 4 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX Special Opportunities Fund II, LP | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 2,146,501 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 2,146,501 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,146,501 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% | ||
14 | TYPE OF REPORTING PERSON PN |
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Page 5 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX GP, LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS AF | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 3,153,002 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 3,153,002 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,153,002 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.2% | ||
14 | TYPE OF REPORTING PERSON OO |
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Page 6 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX Special Opportunities GP II, LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS AF | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 2,146,501 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 2,146,501 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,146,501 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% | ||
14 | TYPE OF REPORTING PERSON OO |
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Page 7 of 14 SEC Filing
1 | NAME OF REPORTING PERSON VIEX Capital Advisors, LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS AF | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 5,299,503 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 5,299,503 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,299,503 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.4% | ||
14 | TYPE OF REPORTING PERSON IA |
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Page 8 of 14 SEC Filing
1 | NAME OF REPORTING PERSON Eric Singer | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) o | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS AF | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 5,299,503 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 5,299,503 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,299,503 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.4% | ||
14 | TYPE OF REPORTING PERSON IN |
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Page 9 of 14 SEC Filing
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 5. | Interest in Securities of the Issuer. |
A. | Series One |
| (a) | As of the close of business on February 10, 2016, Series One beneficially owned 2,591,733 Shares. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 2,591,733 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 2,591,733 |
| (c) | Series One has not entered into any transactions in the Shares since the filing of Amendment No. 3. |
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Page 10 of 14 SEC Filing
B. | Series Two |
| (a) | As of the close of business on February 10, 2016, Series Two beneficially owned 561,269 Shares. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 561,269 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 561,269 |
| (c) | Series Two has not entered into any transactions in the Shares since the filing of Amendment No. 3. |
C. | VSO II |
| (a) | As of the close of business on February 10, 2016, VSO II beneficially owned 2,146,501 Shares. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 2,146,501 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 2,146,501 |
| (c) | The transactions in the Shares by VSO II since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference. |
D. | VIEX GP |
| (a) | VIEX GP, as the general partner of Series One and Series Two, may be deemed the beneficial owner of the (i) 2,591,733 shares owned by Series One and (ii) 561,269 shares owned by Series Two. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 3,153,002 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 3,153,002 |
| (c) | VIEX GP has not entered into any transactions in the Shares since the filing of Amendment No. 3. |
E. | VSO GP II |
| (a) | VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of the 2,146,501 shares owned by VSO II. |
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Page 11 of 14 SEC Filing
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 2,146,501 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 2,146,501 |
| (c) | VSO GP II has not entered into any transactions in the Shares since the filing of Amendment No. 3. The transactions in the Shares on behalf of VSO II since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference. |
F. | VIEX Capital |
| (a) | VIEX Capital, as the investment manager of Series One, may be deemed the beneficial owner of the (i) 2,591,733 Shares owned by Series One, (ii) 561,269 Shares owned by Series Two and (iii) 2,146,501 owned by VSO II. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 5,299,503 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 5,299,503 |
| (c) | VIEX Capital has not entered into any transactions in the Shares since the filing of the Amendment No. 3. The transactions in the Shares on behalf of VSO II since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference. |
G. | Eric Singer |
| (a) | Mr. Singer, as the managing member of VIEX GP and VIEX Capital, may be deemed the beneficial owner of the (i) 2,591,733 Shares owned by Series One, (ii) 561,269 Shares owned by Series Two and (iii) 2,146,501 owned by VSO II. |
| (b) | 1. Sole power to vote or direct vote: 0 |
| 2. Shared power to vote or direct vote: 5,299,503 |
| 3. Sole power to dispose or direct the disposition: 0 |
| 4. Shared power to dispose or direct the disposition: 5,299,503 |
| (c) | Mr. Singer has not entered into any transactions in the Shares since the filing of the Amendment No. 3. The transactions in the Shares on behalf of VSO II since the filing of Amendment No. 3 are set forth in Schedule A and are incorporated herein by reference. |
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Page 12 of 14 SEC Filing
VIEX Opportunities Fund, LP – Series One | |||
By: | VIEX GP, LLC General Partner | ||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
VIEX Opportunities Fund, LP – Series Two | |||
By: | VIEX GP, LLC General Partner | ||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
VIEX GP, LLC | |||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
VIEX Special Opportunities Fund II, LP | |||
By: | VIEX Special Opportunities GP II, LLC General Partner | ||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
VIEX Special Opportunities GP II, LLC | |||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
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Page 13 of 14 SEC Filing
VIEX Capital Advisors, LLC | |||
By: | /s/ Eric Singer | ||
Name: | Eric Singer | ||
Title: | Managing Member |
/s/ Eric Singer | |
Eric Singer |
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Page 14 of 14 SEC Filing
Nature of the Transaction | Securities Purchased/(Sold) | Price Per Share($) | Date of Purchase / Sale |
Purchase of Common Stock | 42,924 | 3.0078 | 01/08/2016 |
Purchase of Common Stock | 20,772 | 3.0821 | 01/11/2016 |
Purchase of Common Stock | 3,800 | 3.0684 | 01/12/2016 |
Purchase of Common Stock | 16,467 | 3.0800 | 01/13/2016 |
Purchase of Common Stock | 20,300 | 3.0699 | 01/15/2016 |
Purchase of Common Stock | 51,300 | 3.1008 | 01/19/2016 |
Purchase of Common Stock | 34,300 | 3.0299 | 01/20/2016 |
Purchase of Common Stock | 116,500 | 3.0219 | 02/08/2016 |
Purchase of Common Stock | 99,900 | 2.9277 | 02/09/2016 |