Filing Details

============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934* EXFO Inc. / EXFO inc. ---------------------------------------- (Name of Issuer) Subordinate Voting Shares, no par value ---------------------------------------- (Title of Class of Securities) 302046107 ---------------------------------------- (CUSIP Number) December 31, 2018 ---------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) ------------------------------------------------------------------------------ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. ==============================================================================

============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 2 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Harold W. Berry III ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION North Carolina ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,347,961 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 1,347,961 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,347,961 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON IN, HC ------------------------------------------------------------------------------ ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 3 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Harber Asset Management LLC ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,347,961 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 1,347,961 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,347,961 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON HC, CO ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 4 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Harber Capital LLC ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 1,347,961 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 1,347,961 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,347,961 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON IA, CO ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 5 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Graham Growth Partners, L.P. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 315,695 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 315,695 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 315,695 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.3% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON PN ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 6 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Graham Institutional Partners, LP ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 867,985 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 867,985 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 867,985 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON PN ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 7 of 11 --------------------- ------------ ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON Graham Partners, L.P. ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ------------------------------------------------------------------------------ 3 SEC USE ONLY ------------------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------ 5 SOLE VOTING POWER NUMBER OF SHARES -------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 164,281 EACH -------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -------------------------------- 8 SHARED DISPOSITIVE POWER 164,281 ------------------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 164,281 ------------------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] ------------------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.7% ------------------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON PN ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 8 of 11 --------------------- ------------ ------------------------------------------------------------------------------ ITEM 1(a). NAME OF ISSUER: EXFO Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 400 Godin Avenue Quebec, Quebec G1M 2K2 Canada ITEM 2(a). NAME OF PERSON FILING: This Schedule 13G is being filed on behalf of the following persons (the "Reporting Persons"): (i) Harold W. Berry III ("Mr. Berry") (ii) Harber Asset Management LLC ("HAM") (iii) Harber Capital LLC ("Capital") (iv) Graham Growth Partners, L.P. ("GRGR") (v) Graham Institutional Partners, LP ("GRIP") (vi) Graham Partners, L.P. ("GP") ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the Reporting Persons filing this Schedule 13G is located at 780 Third Avenue, Suite 1500, New York, New York 10017. ITEM 2(c). CITIZENSHIP: (i) Mr. Berry North Carolina (ii) HAM Delaware limited liability company (iii) Capital Delaware limited liability company (iv) GRGR Delaware limited liability company (v) GRIP Delaware limited liability company (vi) GP Delaware limited liability company ITEM 2(d). TITLE OF CLASS OF SECURITIES: Subordinate Voting Shares ITEM 2(e). CUSIP Number: 302046107 ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 9 of 11 --------------------- ------------ ------------------------------------------------------------------------------ ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS: One of the following (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). ITEM 4. OWNERSHIP: The information in items 1 and 5 through 11 on the cover page (p. 2) on this Schedule 13G is hereby incorporated by reference. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. [_] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Not applicable ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Mr. Berry is the Managing Member of Harber Asset Management LLC ("HAM") and Harber Capital LLC ("Capital"). Capital is the Investment Manager and HAM is the General Partner of the following limited partnerships, each of which owns less than 5% of the issuer's securities: (i) Graham Growth Partners, L.P. (ii) Graham Institutional Partners, LP (iii) Graham Partners L.P. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP: Not applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not applicable ============================================================================== ============================================================================== --------------------- ------------ CUSIP No.: 302046107 13G Page 10 of 11 --------------------- ------------ ------------------------------------------------------------------------------ ITEM 10. CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 14, 2019 GRAHAM GROWTH PARTNERS, L.P.* By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: HAROLD W. BERRY III* Name: Harold W. Berry III Title: Managing Member of the General Partner GRAHAM INSTITUTIONAL PARTNERS, LP* GRAHAM PARTNERS, L.P.* By: Harold W. Berry III By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: Harold W. Berry III Name: Harold W. Berry III Title: Managing Member of the Title: Managing Member of the General Partner General Partner HARBER ASSET MANAGEMENT LLC* HARBER CAPITAL LLC* By: Harold W. Berry III By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: Harold W. Berry III Name: Harold W. Berry III Title: Managing Member Title: Managing Member * The Reporting Person disclaims beneficial ownership in the shares reported herein except to the extent of its pecuniary interest therein. EXHIBIT A In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a statement on Schedule 13G and all amendments thereto with respect to the Common Stock of EXFO Inc. beneficially owned by each of them, and the inclusion of this Joint Filing Agreement as an exhibit thereto. Dated: February 14, 2019 GRAHAM GROWTH PARTNERS, L.P. By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: HAROLD W. BERRY III Name: Harold W. Berry III Title: Managing Member of the General Partner GRAHAM INSTITUTIONAL PARTNERS, LP GRAHAM PARTNERS, L.P. By: Harold W. Berry III By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: Harold W. Berry III Name: Harold W. Berry III Title: Managing Member of the Title: Managing Member of the General Partner General Partner HARBER ASSET MANAGEMENT LLC HARBER CAPITAL LLC By: Harold W. Berry III By: Harold W. Berry III /s/ Harold W. Berry III /s/ Harold W. Berry III -------------------------------- -------------------------------- Name: Harold W. Berry III Name: Harold W. Berry III Title: Managing Member Title: Managing Member