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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1016470	Srs Labs Inc	SRSL	Patent Owners & Lessors (6794)	330714264

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1411509	John Fichthorn	C/O Dialectic Capital Management, Llc 875 Third Avenue, 15Th Floor New York NY 10022	No	No	Yes	No
1411510	Luke Fichthorn	C/O Dialectic Capital Management, Llc 875 Third Avenue, 15Th Floor New York NY 10022	No	No	Yes	No
1411512	Dialectic Capital Management, Llc	875 Third Avenue, 15Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.001 Per Share	Disposition	2012-04-02	75,000	$7.00	1,401,400	No	4	S	Indirect	Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Footnote

Footnotes

The securities reported herein are held in the account of pooled investment vehicles. These securities may be deemed to be beneficially owned by (i) Dialectic Capital Management, LLC by virtue of its role as the investment manager of such pooled investment vehicles, (ii) John Fichthorn by virtue of his role as a managing member of Dialectic Capital Management, LLC and (iii) Luke Fichthorn by virtue of his role as a managing member of Dialectic Capital Management, LLC. Each reporting person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.