YuMe (YUME) Form 4 YuMe / James A Dunn Jr ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

AVI Partners, LLC

(Last) (First) (Middle)

PARKVIEW TOWER

1150 1ST AVENUE, SUITE 450

(Street)

KING OF PRUSSIA PA 19406

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
YuMe Inc [ YUME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 Par Value(1)	08/15/2017		S		5,000	D	$4.6496	565,600	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)	08/17/2017		S		5,000	D	$4.803	560,600	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)	08/18/2017		S		5,000	D	$4.8054	555,600	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)	08/21/2017		S		5,000	D	$4.8725	550,600	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)	08/23/2017		S		15,000	D	$5.1556	535,600	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)	08/28/2017		S		10,000	D	$5.385	0(5)	I	By Managed Account of AVI Partners LLC(2)
Common Stock, $0.001 Par Value(1)								3,003,560	I	By AVI Capital Partners, LP(3)
Common Stock, $0.001 Par Value(1)								39,102	I	By AVI Capital Partners, LP(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

AVI Partners, LLC

(Last) (First) (Middle)

PARKVIEW TOWER

1150 1ST AVENUE, SUITE 450

(Street)

KING OF PRUSSIA PA 19406

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

AVI MANAGEMENT, LLC

(Last) (First) (Middle)

555 EAST LANCASTER AVENUE

SUITE 520

(Street)

RADNOR PA 19087

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

AVI Capital Yankee, LP

(Last) (First) (Middle)

C/O AVI PARTNERS, LLC

555 EAST LANCASTER AVENUE, SUITE 520

(Street)

RADNOR PA 19087

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

AVI Capital Partners, LP

(Last) (First) (Middle)

555 E. LANCASTER AVENUE

SUITE 520

(Street)

RADNOR PA 19087

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Wallis Darren C

(Last) (First) (Middle)

555 E. LANCASTER AVENUE

SUITE 520

(Street)

RADNOR PA 19087

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Dunn James A Jr

(Last) (First) (Middle)

555 E. LANCASTER AVENUE, SUITE 520

(Street)

RADNOR PA 19087

(City) (State) (Zip)

Explanation of Responses:

1. This Form 4 is filed jointly by AVI Capital Yankee, LP ("AVI Yankee"), AVI Capital Partners, LP ("AVI LP"), AVI Partners, LLC ("AVI Partners"), AVI Management, LLC ("AVI Management"), James A. Dunn, Jr., and Darren C. Wallis (collectively, the "Reporting Persons"). Each Reporting Person is a member of a reporting group. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

2. Shares of Common Stock held in an account managed by AVI Partners. Each of Messrs. Dunn and Wallis, as a managing partner of AVI Partners, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI Partners.

3. Shares of Common Stock beneficially owned by AVI Yankee. AVI Partners, as the general partner of AVI Yankee, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI Yankee. AVI Management, as the investment manager of AVI Yankee, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI Yankee. Each of Messrs. Dunn and Wallis, as a managing partner of AVI Partners and a managing member of AVI Management, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI Yankee.

4. Shares of Common Stock beneficially owned by AVI LP. AVI Partners, as the general partner of AVI LP, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI LP. AVI Management, as the investment manager of AVI LP, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI LP. Each of Messrs. Dunn and Wallis, as a managing partner of AVI Partners and a managing member of AVI Management, may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by AVI LP.

5. The owner of the managed account terminated the account and the number of shares of Common Stock reported in this column reflects that termination.

	AVI Partners, LLC; By: /s/ Darren C. Wallis, Managing Partner	09/07/2017
	AVI Capital Yankee, LP; By: AVI Partners, LLC, General Partner; By: /s/ Darren C. Wallis, Managing Partner	09/07/2017
	AVI Capital Partners, LP; By: AVI Partners, LLC, General Partner; By: /s/ Darren C. Wallis, Managing Partner	09/07/2017
	AVI Management, LLC; By: /s/ Darren C. Wallis, Managing Member	09/07/2017
	James A. Dunn, Jr.; By: /s/ Darren C. Wallis, Attorney in Fact	09/07/2017
	By: /s/ Darren C. Wallis	09/07/2017
	** Signature of Reporting Person	Date
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