Steven Baughman and Divisar Capital’s First Activist Target: Telenav Inc. (TNAV)

Page 3 of 8 – SEC Filing
CUSIP No. 879455103 13D Page 3 of 8 Pages

1.

NAME OF REPORTING PERSONS

Divisar Capital Management LLC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(see instructions)

(a)     o

(b)     o

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

AF

5.

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

o

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

3,909,592 (4)

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

3,909,592 (4)

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,909,592 (4)

12.

CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES

(SEE INSTRUCTIONS)

o

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.6% (3)

14.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA, HC, OO

(3) See Footnote (1) Above.

(4) Consists of shares of Common Stock of the Issuer, held by the Funds, as defined herein, of which Divisar Capital Management, LLC, a Delaware limited liability company, is the investment manager and general partner.

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