Sparton Corp (SPA): Engine Capital Signs Agreement & Appoints Two Directors

Page 13 of 17 – SEC Filing

E.	Arnaud Ajdler

(a)

Mr. Ajdler, as the managing member of Engine Management and Engine Investments, may be deemed to beneficially own the 367,787 Shares owned beneficially by Engine Management and Engine Investments.

Percentage: Approximately 3.7%

(b)

1. Sole power to vote or direct vote: 367,787

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 367,787

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

(c)

Mr. Ajdler has not entered into any transactions in the Shares during the past sixty (60) days.

F.	Norwood Partners

(a)

As of the close of business on May 3, 2016, Norwood Partners directly owned 311,589 Shares.

Percentage: 3.2%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 311,589

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 311,589

(c)

Norwood Partners has not entered into any transactions in the Shares during the past sixty (60) days.

G.	Norwood Investments

(a)

Norwood Investments, as the general partner of Norwood Partners, may be deemed to beneficially own the Shares owned directly by Norwood Partners.  As of the close of business on May 3, 2016, Norwood Investments may be deemed to beneficially own 311,589 Shares.

Percentage: Approximately 3.2%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 311,589

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 311,589

(c)

Norwood Investments has not entered into any transactions in the Shares during the past sixty (60) days.