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Filing Details

Accession Number:: 0001144204-14-016684
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-03-19 16:35:55
Reporting Period:: 2014-03-18

Filing Date:: 2014-03-19
Accepted Time:: 2014-03-19 16:35:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1094814	Management Network Group Inc.	TMNG	Services-Management Consulting Services (8742)	481129619

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1601478	Astra Family Holdings, Llc	C/O Elutions, Inc. 601 East Twiggs Street Tampa FL 33602	No	No	Yes	No
1601479	Trust Irrevocable Leventi	C/O Elutions, Inc. 601 East Twiggs Street Tampa FL 33602	No	No	Yes	No
1601480	Elizabeth Doucas	C/O Elutions, Inc. 601 East Twiggs Street Tampa FL 33602	No	No	Yes	No
1601557	Engage Networks, Inc.	C/O Elutions, Inc. 601 East Twiggs Street Tampa FL 33602	No	No	Yes	No
1601558	Elutions, Inc.	601 East Twiggs Street Tampa FL 33602	No	No	Yes	No
1601560	William Doucas	C/O Elutions, Inc. 601 East Twiggs Street Tampa FL 33602	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.005 Par Value	Acquisiton	2014-03-18	609,756	$3.28	609,756	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, $.005 Par Value	Common Stock Purchase Warrant (right to buy)	Acquisiton	2014-03-18	996,544	$0.00	996,544	$3.28

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
996,544	2014-03-18	2020-03-18	No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $.005 Par Value	609,756	Indirect	See footnote

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, $.005 Par Value	Common Stock Purchase Warrant (right to buy)	$3.28	2014-03-18	2020-03-18	996,544	996,544	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-03-18	996,544	996,544	Indirect

Footnotes

On March 18, 2014, pursuant to the Investment Agreement, dated as of February 25, 2014 (the "Investment Agreement"), between Elutions, Inc. ("Elutions") and The Management Network Group, Inc. (the "Issuer"), (i) Elutions acquired 609,756 shares (the "Shares") of Common Stock, $.005 par value ("Common Stock") of the Issuer at a price of $3.28 per share, for an aggregate purchase price of $2,000,000 and (ii) a subsidiary of Elutions purchased at par and the Issuer's subsidiary, Cartesian Limited, issued a non-convertible promissory note (the "Note") payable to such subsidiary in an aggregate original principal amount of US$3,268,664, payable in equivalent Great Britain Pounds Sterling, and the Issuer issued to Elutions a Common Stock Purchase Warrant (Tracking) related to the Note to purchase 996,544 shares of Common Stock of the Issuer for $3.28 per share (the "Warrant").
The Shares and the Warrant may be deemed to be beneficially owned indirectly by (i) Engage Networks, Inc. ("Engage Networks"), which directly owns all of the outstanding shares of Elutions, (ii) Astra Family Holdings, LLC ("Astra Holdings"), which directly owns a majority of the outstanding shares of Engage Networks, (iii) the Leventi Irrevocable Trust (the "Leventi Trust"), which is the sole member of Astra Holdings, (iv) Elizabeth Doucas, who is the Trustee of the Leventi Trust and (v) William Doucas, the Chairman and CEO of Elutions and the spouse of Elizabeth Doucas. Elizabeth and William Doucas also directly own the remaining amount of outstanding equity in Engage Networks. Each of Astra Holdings, the Leventi Trust, Elizabeth Doucas and William Doucas disclaims beneficial ownership of the Shares and the Warrant, except to the extent of any pecuniary interest therein.