1
|
NAME OF REPORTING PERSON
MOAB CAPITAL PARTNERS, LLC
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
711,997
|
|
8
|
SHARED VOTING POWER
- 0 -
|
||
9
|
SOLE DISPOSITIVE POWER
711,997
|
||
10
|
SHARED DISPOSITIVE POWER
- 0 -
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
711,997
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
MOAB PARTNERS, L.P.
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
670,960
|
|
8
|
SHARED VOTING POWER
- 0 -
|
||
9
|
SOLE DISPOSITIVE POWER
670,960
|
||
10
|
SHARED DISPOSITIVE POWER
- 0 -
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
670,960
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
|
||
14
|
TYPE OF REPORTING PERSON
PN
|
1
|
NAME OF REPORTING PERSON
MICHAEL M. ROTHENBERG
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
711,997
|
|
8
|
SHARED VOTING POWER
-0-
|
||
9
|
SOLE DISPOSITIVE POWER
711,997
|
||
10
|
SHARED DISPOSITIVE POWER
-0-
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
711,997
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.6%
|
||
14
|
TYPE OF REPORTING PERSON
IN, HC
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 5.
|
Interest in Securities of the Issuer.
|
A.
|
Moab LP
|
|
(a)
|
As of the close of business on February 15, 2017, Moab LP directly owned 670,960 Shares.
|
|
(b)
|
1. Sole power to vote or direct vote: 670,960
|
|
2. Shared power to vote or direct vote: 0
|
|
3. Sole power to dispose or direct the disposition: 670,960
|
|
4. Shared power to dispose or direct the disposition: 0
|
|
(c)
|
The transactions in the Shares by Moab LP during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
|
B.
|
Moab LLC
|
|
(a)
|
As of the close of business on February 15, 2017, 41,037 Shares were held in the Managed Account. Moab LLC, as the investment adviser of Moab LP and the Managed Account, may be deemed the beneficial owner of the (i) 670,960 Shares directly owned by Moab LP and (ii) 41,037 Shares held in the Managed Account.
|
|
(b)
|
1. Sole power to vote or direct vote: 711,997
|
|
2. Shared power to vote or direct vote: 0
|
|
3. Sole power to dispose or direct the disposition: 711,997
|
|
4. Shared power to dispose or direct the disposition: 0
|
|
(c)
|
Moab LLC has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of Moab LP and the Managed Account during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
|
C.
|
Mr. Rothenberg
|
|
(a)
|
Mr. Rothenberg, as the managing member of Moab LLC, may be deemed the beneficial owner of the (i) 670,960 Shares directly owned by Moab LP and (ii) 41,037 Shares held in the Managed Account.
|
|
(b)
|
1. Sole power to vote or direct vote: 711,997
|
|
2. Shared power to vote or direct vote: 0
|
|
3. Sole power to dispose or direct the disposition: 711,997
|
|
4. Shared power to dispose or direct the disposition: 0
|
|
(c)
|
Mr. Rothenberg has not entered into any transactions in the Shares during the past 60 days. The transactions in the Shares on behalf of Moab LP and the Managed Account during the past 60 days are set forth in Schedule A and are incorporated herein by reference.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
|
MOAB PARTNERS, L.P.
|
|||
By:
|
Moab Capital Partners, LLC,
its Investment Adviser
|
||
By:
|
/s/ Michael M. Rothenberg
|
||
Name:
|
Michael M. Rothenberg
|
||
Title:
|
Managing Director
|
||
MOAB CAPITAL PARTNERS, LLC
|
|||
By:
|
/s/ Michael M. Rothenberg
|
||
Name:
|
Michael M. Rothenberg
|
||
Title:
|
Managing Director
|
/s/ Michael M. Rothenberg
|
|
MICHAEL M. ROTHENBERG
|
Nature of Transaction
|
Date of
Transaction
|
Shares of Common Stock
Purchased/(Sold)
|
Price ($)
|
Sale of Common Stock
|
12/23/2016
|
(188)
|
6.770
|
Sale of Common Stock
|
12/23/2016
|
(408)
|
6.797
|
Sale of Common Stock
|
12/23/2016
|
(470)
|
6.774
|
Sale of Common Stock
|
12/30/2016
|
(3,200)
|
6.597
|
Sale of Common Stock
|
12/30/2016
|
(4,100)
|
6.597
|
Sale of Common Stock
|
1/3/2017
|
(240)
|
6.777
|
Sale of Common Stock
|
1/3/2017
|
(2,594)
|
6.717
|
Sale of Common Stock
|
1/3/2017
|
(200)
|
6.717
|
Sale of Common Stock
|
1/3/2017
|
(1,400)
|
6.717
|
Sale of Common Stock
|
1/3/2017
|
(100)
|
6.717
|
Sale of Common Stock
|
1/3/2017
|
(906)
|
6.717
|
Sale of Common Stock
|
1/9/2017
|
(4,534)
|
6.737
|
Sale of Common Stock
|
2/7/2017
|
(500)
|
7.747
|
Sale of Common Stock
|
2/7/2017
|
(10,700)
|
7.747
|
Sale of Common Stock
|
2/7/2017
|
(1,967)
|
7.747
|
Sale of Call Options
|
2/7/2017
|
(57) 1
|
0.053
|
Sale of Common Stock
|
2/10/2017
|
(156)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(3,000)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(2,434)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(694)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(1,000)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(900)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(1,000)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(1,100)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(1,108)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(1,700)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(5,731)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(8,506)
|
7.974
|
Sale of Common Stock
|
2/10/2017
|
(3,800)
|
7.974
|
Sale of Common Stock
|
2/13/2017
|
(419)
|
8.340
|
Sale of Common Stock
|
2/13/2017
|
(2,981)
|
8.340
|
Sale of Common Stock
|
2/13/2017
|
(2,100)
|
8.340
|
Sale of Common Stock
|
2/14/2017
|
(1,581)
|
8.378
|
Sale of Common Stock
|
2/14/2017
|
(520)
|
8.378
|
Sale of Common Stock
|
2/14/2017
|
(1,100)
|
8.378
|
Sale of Common Stock
|
2/14/2017
|
(100)
|
8.378
|
Sale of Common Stock
|
2/14/2017
|
(4,168)
|
8.366
|
Sale of Common Stock
|
2/14/2017
|
(2,524)
|
8.380
|
Sale of Common Stock
|
2/14/2017
|
(559)
|
8.380
|
Sale of Common Stock
|
2/14/2017
|
(4,610)
|
8.380
|
Sale of Common Stock
|
2/14/2017
|
(100)
|
8.380
|
Sale of Common Stock
|
2/14/2017
|
(200)
|
8.380
|
Sale of Common Stock
|
2/15/2017
|
(2,624)
|
8.494
|
Sale of Common Stock
|
2/15/2017
|
(8,299)
|
8.514
|
Sale of Common Stock
|
2/15/2017
|
(100)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(1,499)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(800)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(2,021)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(1,700)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(4,200)
|
8.525
|
Sale of Common Stock
|
2/15/2017
|
(2,600)
|
8.525
|
Sale of Common Stock
|
12/23/2016
|
(12)
|
6.769
|
Sale of Common Stock
|
12/23/2016
|
(25)
|
6.796
|
Sale of Common Stock
|
12/23/2016
|
(30)
|
6.774
|
Sale of Common Stock
|
1/3/2017
|
(60)
|
6.777
|
Sale of Common Stock
|
1/3/2017
|
(1,300)
|
6.717
|
Sale of Common Stock
|
1/9/2017
|
(279)
|
6.737
|
Sale of Common Stock
|
2/7/2017
|
(795)
|
7.747
|
Sale of Call Options
|
2/7/2017
|
(3) 1
|
0.053
|
Sale of Common Stock
|
2/10/2017
|
(546)
|
7.970
|
Sale of Common Stock
|
2/10/2017
|
(2,160)
|
7.974
|
Sale of Common Stock
|
2/14/2017
|
(251)
|
8.366
|
Sale of Common Stock
|
2/14/2017
|
(483)
|
8.380
|
Sale of Common Stock
|
2/14/2017
|
(139)
|
8.361
|
Sale of Common Stock
|
2/14/2017
|
(60)
|
8.361
|
Sale of Common Stock
|
2/15/2017
|
(501)
|
8.510
|
Sale of Common Stock
|
2/15/2017
|
(158)
|
8.494
|
Sale of Common Stock
|
2/15/2017
|
(780)
|
8.525
|