(a), (b) The Reporting Persons may be deemed to beneficially own in the aggregate 1,349,498 shares of Common Stock. Based upon a total of 22,242,619 outstanding shares of Common Stock, as reported in the Issuer’s quarterly report on Form 10-Q for the period ending July 31, 2013 the Reporting Persons’ shares represent approximately 6.067% of the outstanding shares of Common Stock. Becker Drapkin QP owns 395,166 shares of Common Stock (the “Becker Drapkin QP Shares”), which represent approximately 1.777% of the outstanding shares of Common Stock. Becker Drapkin, L.P. owns 56,164 shares of Common Stock (the “Becker Drapkin, L.P. Shares”), which represent approximately 0.253% of the outstanding shares of Common Stock. BD Partners VII owns 146,713 shares of Common Stock (the “BD Partners VII Shares”), which represent approximately 0.660% of the outstanding shares of Common Stock. BD Partners VII SPV owns 468,717 shares of Common Stock (the “BD Partners VII SPV Shares”), which represent approximately 2.107% of the outstanding shares of Common Stock. The Becker Drapkin QP Shares, Becker Drapkin, L.P. Shares, BD Partners VII Shares and BD Partners VII SPV Shares are collectively referred to herein as the “Becker Drapkin Funds Shares”. Becker Drapkin QP has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Becker Drapkin QP Shares. Becker Drapkin QP disclaims beneficial ownership of the Becker Drapkin, L.P. Shares, BD Partners VII Shares and BD Partners VII SPV Shares. Becker Drapkin, L.P. has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Becker Drapkin, L.P. Shares. Becker Drapkin, L.P. disclaims beneficial ownership of the Becker Drapkin QP Shares, BD Partners VII Shares and BD Partners VII SPV Shares. BD Partners VII has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the BD Partners VII Shares. BD Partners VII disclaims beneficial ownership of the Becker Drapkin QP Shares, Becker Drapkin, L.P. Shares and BD Partners VII SPV Shares. BD Partners VII SPV has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the BD Partners VII SPV Shares. BD Partners VII SPV disclaims beneficial ownership of the Becker Drapkin QP Shares, Becker Drapkin, L.P. Shares and BD Partners VII Shares. As general partner of the Becker Drapkin Funds, BD Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Becker Drapkin Funds Shares. BD Management in its capacity as investment manager for the Managed Account has the sole power to vote or direct the vote of (and the sole power to dispose or direct the disposition of) 282,738 shares held by the Managed Account (the “Managed Account Shares”), which represent approximately 1.271% of the outstanding shares of Common Stock. BD Management disclaims beneficial ownership of the Becker Drapkin Funds Shares. As general partner of BD Management, BCA may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BD Management. BCA does not own any shares of Common Stock directly and disclaims beneficial ownership of any shares of Common Stock beneficially owned by BD Management. As co-managing members of BCA, each of Mr. Becker and Mr. Drapkin may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock beneficially owned by BCA. Mr. Becker and Mr. Drapkin each disclaim beneficial ownership of any shares of Common Stock beneficially owned by BCA. As of the date hereof, no Reporting Person owns any shares of Common Stock other than those set forth in this Item 5. (c) The trading dates, number of shares of Common Stock purchased or sold, and the price per share of Common Stock for all transactions by the Reporting Persons in shares of Common Stock within the last 60 days, all of which were brokered transactions, are set forth below. |