The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (the “Amendment No. 1”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.
Item 3. | Source and Amount of Funds or Other Consideration. |
The first paragraph of Item 3 is hereby amended and restated as follows:
The aggregate purchase price of the 1,964,545 Shares owned directly by the Fund is approximately $10,364,348, including brokerage commissions. The Shares owned directly by the Fund were acquired with its working capital.
Item 5. | Interest in Securities of the Issuer. |
Items 5(a) and (c) are amended and restated as follows:
(a) The aggregate percentage of Shares reported owned by each Reporting Person is based upon 22,189,877 Shares outstanding, which is the total number of Shares outstanding as of March 10, 2014 as reported in the Issuer���s Annual Report on Form 10-K for the year ending December 31, 2013, filed with the Securities and Exchange Commission on March 17, 2014.
As of the close of business on April 14, 2014, the Fund beneficially owns 1,964,545 Shares, including 950,000 Shares underlying call options, constituting approximately 8.85% of the Shares outstanding. By virtue of their relationships with the Fund discussed in further detail in Item 2, each of Verition and Mr. Maounis may be deemed to beneficially own the Shares beneficially owned by the Fund.
As of the close of business on April 14, 2014, Mr. Solomon beneficially owns 155,873 Shares, including 520 Shares held in accounts for the benefit of Mr. Solomon’s children, which Mr. Solomon may be deemed to beneficially own, constituting less than 1% of the Shares outstanding.
To the best of the Reporting Persons’ knowledge, except as otherwise set forth herein, none of the persons listed on Schedule A beneficially owns any securities of the Issuer.
(c) The following transactions in the Shares were effected during the past sixty days by the Reporting Persons.
Purchase/Sale | Number of Shares | Date of Purchase/Sale | Price Per Share ($) |
Sale | 29,976 | 04/14/14 | 2.9241 |
Sale | 12,691 | 04/11/14 | 3.0006 |
Sale | 24,362 | 04/10/14 | 3.0046 |
Sale | 3,200 | 04/10/14 | 3.0503 |
Sale | 33,610 | 04/08/14 | 3.1300 |
Sale | 22,100 | 04/07/14 | 2.9779 |
Sale | 49,800 | 03/26/14 | 3.1867 |
Sale | 46,829 | 03/26/14 | 3.1546 |
Sale | 1,500 | 03/20/14 | 3.3887 |
Sale | 10,000 | 03/19/14 | 3.4244 |
Sale | 10,000 | 02/14/14 | 3.7020 |
Sale | 10,000 | 02/14/14 | 3.6956 |
Sale | 9,700 | 02/11/14 | 3.7609 |
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: April 15, 2014 | VERITION FUND MANAGEMENT LLC |
| |
| By: | |
| Name: | Ted Hagan |
| Title: | CFO |
| VERITION MULTI-STRATEGY MASTER FUND LTD. |
| |
| By: | Verition Fund Management LLC, its |
| | Investment Manager |
| |
| By: | |
| Name: | Ted Hagan |
| Title: | CFO |