Moab Capital Partners Increases Stake in Perceptron Inc (PRCP); Asks for CEO and Board Replacement

Page 6 of 9 SEC Filing

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 9,348,846 Shares outstanding, as of February 4, 2016, 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 9, 2016.

A.

Moab LP

(a)

As of the close of business on March 14, 2016, Moab LP directly owned 679,208 Shares.

Percentage: Approximately 7.3%

(b)

1. Sole power to vote or direct vote: 679,208

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 679,208

4. Shared power to dispose or direct the disposition: 0

(c)

The transactions in the Shares by Moab LP since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

B.

Moab LLC

(a)

As of the close of business on March 14, 2016, 36,240 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) 679,208 Shares directly owned by Moab LP and (ii) 36,240 Shares held in the Managed Account.

Percentage: Approximately 7.7%

(b)

1. Sole power to vote or direct vote: 715,448

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 715,448

4. Shared power to dispose or direct the disposition: 0

(c)

Moab LLC has not entered into any transactions in the Shares since the filing of the Schedule 13D.  The transactions in the Shares on behalf of Moab LP and the Managed Account since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

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