Page 5 of 7 – SEC Filing Page 4
Item 4. Purpose of Transaction
Each of the Reporting Entities acquired beneficial ownership of
the shares of Common Stock to which this Statement relates in the ordinary
course of business in order to obtain a significant equity position in the
Company, the Common Stock of which, in the opinion of the Reporting Entities,
represented an attractive investment opportunity when purchased.
Representatives of the Reporting Entities have engaged, and may
continue to engage, in discussions with representative of the Company, other
stockholders of the Company, and other persons concerning, among other things,
the business, operations, corporate governance, management, and strategic
direction of the Company.
None of the Reporting Entities has any present plans or
proposals that relate to or would result in any of the actions specified in
paragraphs (a) through (j) of Item 4 of this Amendment 2 to Schedule 13D, except
as set forth herein. The Reporting Entities intend to review their investment in
the Company on a continuing basis. Depending on various factors including,
without limitation, the actions taken by management and the Board of Directors
of the Company, the Companys financial position and strategic direction, the
price levels of the shares of Common Stock, other investment opportunities
available to the Reporting Entities, conditions in the securities markets, and
general economic and industry conditions, the Reporting Entities may in the
future take such actions with respect to their investment in the Company as they
deem appropriate including, without limitation, making proposals to the Company
concerning changes to the capitalization, ownership structure or operations of
the Company, purchasing additional shares of Common Stock, selling some or all
of their shares of Common Stock, engaging in short selling of or any hedging or
similar transactions with respect to the Common Stock, seeking representation on
the Board of Directors of the Company, and/or otherwise changing their intention
with respect to any or all matters referred to in paragraphs (a) through (j) of
Item 4 of this Amendment 2 to Schedule 13D.
The Reporting Entities reserve the right to change their
intention with respect to any or all of the matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer
(a) The responses to Items 7-13 of the cover pages of this
Amendment 2 to Schedule 13D are incorporated by reference
herein.
(b) The responses to Items 7-13 of the cover pages of this
Amendment 2 to Schedule 13D are incorporated by reference
herein.
(c) For beneficial owner APCM
Trans.Type T/D Ticker Quantity Price Buy 11.1.16 CSU 50,000 15.2137 Buy 11.1.16 CSU 15,000 15.2137 Buy 11.1.16 CSU 20,000 15.2137 Buy 11.1.16 CSU 20,000 15.2137 Buy 11.2.16 CSU 50,000 13.1341 OptionAssignment 11.2.16 CSU 11,600 22.50 Buy 11.4.16 CSU 80,000 12.8557 Buy 11.16.16 CSU 25,844 14.809 Buy 11.17.16 CSU 56,200 15.2395 Buy 11.18.16 CSU 50,000 15.3736
Page 4
Item 4. Purpose of Transaction
Each of the Reporting Entities acquired beneficial ownership of
the shares of Common Stock to which this Statement relates in the ordinary
course of business in order to obtain a significant equity position in the
Company, the Common Stock of which, in the opinion of the Reporting Entities,
represented an attractive investment opportunity when purchased.
Representatives of the Reporting Entities have engaged, and may
continue to engage, in discussions with representative of the Company, other
stockholders of the Company, and other persons concerning, among other things,
the business, operations, corporate governance, management, and strategic
direction of the Company.
None of the Reporting Entities has any present plans or
proposals that relate to or would result in any of the actions specified in
paragraphs (a) through (j) of Item 4 of this Amendment 2 to Schedule 13D, except
as set forth herein. The Reporting Entities intend to review their investment in
the Company on a continuing basis. Depending on various factors including,
without limitation, the actions taken by management and the Board of Directors
of the Company, the Companys financial position and strategic direction, the
price levels of the shares of Common Stock, other investment opportunities
available to the Reporting Entities, conditions in the securities markets, and
general economic and industry conditions, the Reporting Entities may in the
future take such actions with respect to their investment in the Company as they
deem appropriate including, without limitation, making proposals to the Company
concerning changes to the capitalization, ownership structure or operations of
the Company, purchasing additional shares of Common Stock, selling some or all
of their shares of Common Stock, engaging in short selling of or any hedging or
similar transactions with respect to the Common Stock, seeking representation on
the Board of Directors of the Company, and/or otherwise changing their intention
with respect to any or all matters referred to in paragraphs (a) through (j) of
Item 4 of this Amendment 2 to Schedule 13D.
The Reporting Entities reserve the right to change their
intention with respect to any or all of the matters referred to in this Item 4.
Item 5. Interest in Securities of the Issuer
| (a) | The responses to Items 7-13 of the cover pages of this |
| (b) | The responses to Items 7-13 of the cover pages of this |
| (c) | For beneficial owner APCM |
| Trans.Type | T/D | Ticker | Quantity | Price |
| Buy | 11.1.16 | CSU | 50,000 | 15.2137 |
| Buy | 11.1.16 | CSU | 15,000 | 15.2137 |
| Buy | 11.1.16 | CSU | 20,000 | 15.2137 |
| Buy | 11.1.16 | CSU | 20,000 | 15.2137 |
| Buy | 11.2.16 | CSU | 50,000 | 13.1341 |
| OptionAssignment | 11.2.16 | CSU | 11,600 | 22.50 |
| Buy | 11.4.16 | CSU | 80,000 | 12.8557 |
| Buy | 11.16.16 | CSU | 25,844 | 14.809 |
| Buy | 11.17.16 | CSU | 56,200 | 15.2395 |
| Buy | 11.18.16 | CSU | 50,000 | 15.3736 |
