1
|
NAME OF REPORTING PERSON
Vertex Opportunities Fund, LP
|
||
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
-0-
|
|
8
|
SHARED VOTING POWER
700,000
|
||
9
|
SOLE DISPOSITIVE POWER
-0-
|
||
10
|
SHARED DISPOSITIVE POWER
700,000
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
|
||
14
|
TYPE OF REPORTING PERSON
PN
|
1
|
NAME OF REPORTING PERSON
Vertex GP, 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
-0-
|
|
8
|
SHARED VOTING POWER
700,000
|
||
9
|
SOLE DISPOSITIVE POWER
-0-
|
||
10
|
SHARED DISPOSITIVE POWER
700,000
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
700,000
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
|
||
14
|
TYPE OF REPORTING PERSON
OO
|
1
|
NAME OF REPORTING PERSON
Vertex Special Opportunities Fund IV, LLC
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
OO
|
||
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
-0-
|
|
8
|
SHARED VOTING POWER
1,653,557
|
||
9
|
SOLE DISPOSITIVE POWER
-0-
|
||
10
|
SHARED DISPOSITIVE POWER
1,653,557
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,653,557
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
|
||
14
|
TYPE OF REPORTING PERSON
OO
|
1
|
NAME OF REPORTING PERSON
Vertex Capital Advisors, 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, OO
|
||
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
-0-
|
|
8
|
SHARED VOTING POWER
2,353,557
|
||
9
|
SOLE DISPOSITIVE POWER
-0-
|
||
10
|
SHARED DISPOSITIVE POWER
2,353,557
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,353,557
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
Eric Singer
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
AF, OO
|
||
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
-0-
|
|
8
|
SHARED VOTING POWER
2,353,557
|
||
9
|
SOLE DISPOSITIVE POWER
-0-
|
||
10
|
SHARED DISPOSITIVE POWER
2,353,557
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,353,557
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
|
||
14
|
TYPE OF REPORTING PERSON
IN
|
Item 1.
|
Security and Issuer.
|
Item 2.
|
Identity and Background.
|
|
(a)
|
This statement is filed by:
|
|
(i)
|
Vertex Opportunities Fund, LP, a Delaware limited partnership (“Vertex Opportunities”), with respect to the Shares directly and beneficially owned by it;
|
|
(ii)
|
Vertex GP, LLC, a Delaware limited liability company (“Vertex GP”), as the general partner of Vertex Opportunities;
|
|
(iii)
|
Vertex Special Opportunities Fund IV, LLC, a Delaware limited liability company (“VSO IV”), with respect to the Shares directly and beneficially owned by it;
|
|
(ii)
|
Vertex Capital Advisors, LLC, a Delaware limited liability company (“Vertex Capital”), as the investment manager of Vertex Opportunities and VSO IV; and
|
|
(viii)
|
Eric Singer, as the manager of VSO IV and the managing member of each of Vertex GP and Vertex Capital.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the Issuer.
|
A.
|
Vertex Opportunities
|
|
(a)
|
As of the close of business on January 13, 2015, Vertex Opportunities beneficially owned 700,000 Shares.
|
|
(b)
|
1. Sole power to vote or direct vote: -0-
|
|
2. Shared power to vote or direct vote: 700,000
|
|
3. Sole power to dispose or direct the disposition: -0-
|
|
4. Shared power to dispose or direct the disposition: 700,000
|
|
(c)
|
The transactions in the Shares by Vertex Opportunities during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
|
B.
|
Vertex GP
|
|
(a)
|
Vertex GP, as the general partner of Vertex Opportunities, may be deemed the beneficial owner of the 700,000 Shares owned by Vertex Opportunities.
|
|
(b)
|
1. Sole power to vote or direct vote: -0-
|
|
2. Shared power to vote or direct vote: 700,000
|
|
3. Sole power to dispose or direct the disposition: -0-
|
|
4. Shared power to dispose or direct the disposition: 700,000
|
|
(c)
|
Vertex GP has not entered into any transactions in the Shares in the past sixty days. The transactions in the Shares by Vertex Opportunities during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
|
C.
|
VSO IV
|
|
(a)
|
As of the close of business on January 13, 2015, VSO IV beneficially owned 1,653,557 Shares.
|
|
(b)
|
1. Sole power to vote or direct vote: -0-
|
|
2. Shared power to vote or direct vote: 1,653,557
|
|
3. Sole power to dispose or direct the disposition: -0-
|
|
4. Shared power to dispose or direct the disposition: 1,653,557
|
|
(c)
|
The transactions in the Shares by VSO IV during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
|
D.
|
Vertex Capital
|
|
(a)
|
Vertex Capital, as the investment manager to Vertex Opportunities and VSO IV, may be deemed the beneficial owner of the 700,000 Shares owned by Vertex Opportunities and 1,653,557 Shares owned by VSO IV.
|
|
(b)
|
1. Sole power to vote or direct vote: -0-
|
|
2. Shared power to vote or direct vote: 2,353,557
|
|
3. Sole power to dispose or direct the disposition: -0-
|
|
4. Shared power to dispose or direct the disposition: 2,353,557
|
|
(c)
|
Vertex Capital has not entered into any transactions in the Shares in the past sixty days. The transactions in the Shares by Vertex Opportunities and VSO IV during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
|
E.
|
Eric Singer
|
|
(a)
|
Mr. Singer, as the managing member of Vertex GP and Vertex Capital, may be deemed the beneficial owner of the 700,000 Shares owned by Vertex Opportunities and, as the manager of VSO IV, may be deemed the beneficial owner of the 1,653,557 Shares owned by VSO IV.
|
|
(b)
|
1. Sole power to vote or direct vote: -0-
|
|
2. Shared power to vote or direct vote: 2,353,557
|
|
3. Sole power to dispose or direct the disposition: -0-
|
|
4. Shared power to dispose or direct the disposition: 2,353,557
|
|
(c)
|
Mr. Singer has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares by Vertex Opportunities and VSO IV during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
|
|
(d)
|
No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
|
|
(e)
|
Not applicable.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
|
99.1
|
Joint Filing Agreement by and among Vertex Opportunities Fund, LP, Vertex GP, LLC, Vertex Special Opportunities Fund IV, LLC, Vertex Capital Advisors, LLC and Eric Singer, dated January 14, 2015.
|
VERTEX OPPORTUNITIES FUND, LP
|
|||
By:
|
Vertex GP, LLC, General Partner
|
||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Managing Member
|
VERTEX GP, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Manager Member
|
VERTEX SPECIAL OPPORTUNITIES FUND IV, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Manager
|
VERTEX CAPITAL ADVISORS, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Managing Member
|
/s/ Eric Singer | |
ERIC SINGER
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Common Stock
|
700,000
|
4.9479
|
12/30/2014
|
Capital Contribution of Common Stock
|
1,653,557
|
N/A
|
01/13/2015
|
VERTEX OPPORTUNITIES FUND, LP
|
|||
By:
|
Vertex GP, LLC, General Partner
|
||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Managing Member
|
VERTEX GP, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Manager Member
|
VERTEX SPECIAL OPPORTUNITIES FUND IV, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Manager
|
VERTEX CAPITAL ADVISORS, LLC
|
|||
By:
|
/s/ Eric Singer | ||
Name:
|
Eric Singer
|
||
Title:
|
Managing Member
|
/s/ Eric Singer | |
ERIC SINGER
|