0001214659-14-001158.txt : 20140214 0001214659-14-001158.hdr.sgml : 20140214 20140214074626 ACCESSION NUMBER: 0001214659-14-001158 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140214 DATE AS OF CHANGE: 20140214 GROUP MEMBERS: DEVAL A. LASHKARI GROUP MEMBERS: J. MATTHEW MACKOWSKI GROUP MEMBERS: ROBERT G. SHEPLER GROUP MEMBERS: TELEGRAPH HILL PARTNERS II INVESTMENT MANAGEMENT LLC GROUP MEMBERS: TELEGRAPH HILL PARTNERS II LP GROUP MEMBERS: TELEGRAPH HILL PARTNERS INVESTMENT MANAGEMENT LLC GROUP MEMBERS: TELEGRAPH HILL PARTNERS L.P. GROUP MEMBERS: TELEGRAPH HILL PARTNERS MANAGEMENT CO LLC GROUP MEMBERS: TELEGRAPH HILL PARTNERS SBIC L.P. GROUP MEMBERS: TELEGRAPH HILL PARTNERS SBIC LLC GROUP MEMBERS: THOMAS A. RAFFIN GROUP MEMBERS: THP AFFILIATES FUND LLC GROUP MEMBERS: THP II AFFILIATES FUND LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LDR HOLDING CORP CENTRAL INDEX KEY: 0001348324 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-87855 FILM NUMBER: 14610506 BUSINESS ADDRESS: STREET 1: 13785 RESEARCH BOULEVARD STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78750 BUSINESS PHONE: 512-344-3333 MAIL ADDRESS: STREET 1: 13785 RESEARCH BOULEVARD STREET 2: SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78750 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Telegraph Hill Partners Management Company, LLC CENTRAL INDEX KEY: 0001588012 IRS NUMBER: 260020330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 360 POST STREET STREET 2: SUITE 601 CITY: SAN FRANCISCO STATE: CA ZIP: 94108 BUSINESS PHONE: 415-765-6980 MAIL ADDRESS: STREET 1: 360 POST STREET STREET 2: SUITE 601 CITY: SAN FRANCISCO STATE: CA ZIP: 94108 SC 13G 1 s23141sc13g.htm s23141sc13g.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.__)*


LDR Holding Corporation
(Name of Issuer)
 
$0.001 par value common stock
(Title of Class of Securities)
 
50185U105
(CUSIP Number)
 
December 31, 2013
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o     Rule 13d-1(b)
 
o     Rule 13d-1(c)
 
x     Rule 13d-1(d)
 
*The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 2 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners, L.P.
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 26-0020271
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
69,971 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
69,971 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
69,971 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
0.3% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
PN
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 3 of 21 Pages

1.
Names of Reporting Persons.
 
THP Affiliates Fund, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 20-4694471
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     
 
3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
16,149 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
16,149 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
16,149 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
0.1%  (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 4 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners Investment Management, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 26-0020339
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
86,120 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
86,120 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
86,120 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
0.4% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 5 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners SBIC, L.P.
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 56-2393856
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
375,320 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
375,320 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
375,320 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
1.6% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
PN
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 6 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners SBIC, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 56-2393852
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
375,320 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
375,320 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
375,320 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
1.6% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 7 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners II, LP
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 20-2608235
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
2,584,683 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
2,584,683 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,584,683 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
10.7% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
PN

 
 
 

SCHEDULE 13G

CUSIP No.
50185U105
  
Page 8 of 21 Pages

1.
Names of Reporting Persons.
 
THP II Affiliates Fund, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 20-4136474
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
56,891 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
56,891 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
56,891 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
0.2% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 9 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners II Investment Management, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 20-2608222
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     
 
3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
2,641,574 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
2,641,574 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,641,574 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
11.0% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO
 
 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 10 of 21 Pages

1.
Names of Reporting Persons.
 
Telegraph Hill Partners Management Company, LLC
 
I.R.S. Identification Nos. of above persons (entities only).
 
EIN 26-0020330
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
Delaware
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
2,727,694 (See Item 4)
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
2,727,694 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
2,727,694 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
11.3% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
OO

 
 
 

SCHEDULE 13G

CUSIP No.
50185U105
  
Page 11 of 21 Pages

1.
Names of Reporting Persons.
 
Robert G. Shepler
 
I.R.S. Identification Nos. of above persons (entities only).
 

2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
United States
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
3,103,014 (See Item 4)
 
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
3,103,014 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
3,103,014 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
12.9% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
IN

 
 
 

SCHEDULE 13G

CUSIP No.
50185U105
  
Page 12 of 21 Pages

1.
Names of Reporting Persons.
 
J. Matthew Mackowski
 
I.R.S. Identification Nos. of above persons (entities only).
 

2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
United States
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
3,103,014 (See Item 4)
 
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
3,103,014 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
3,103,014 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
12.9% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
IN

 
 
 
 
SCHEDULE 13G

CUSIP No.
50185U105
  
Page 13 of 21 Pages

1.
Names of Reporting Persons.
 
Thomas A. Raffin
 
I.R.S. Identification Nos. of above persons (entities only).
 

2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
United States
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
3,103,014 (See Item 4)
 
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
3,103,014 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
3,103,014 (See Item 4)
10. 
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
12.9% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
IN

 
 
 

SCHEDULE 13G

CUSIP No.
50185U105
  
Page 14 of 21 Pages

1.
Names of Reporting Persons.
 
Deval A. Lashkari
 
I.R.S. Identification Nos. of above persons (entities only).
 

2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
£
 
(b)
T
     

3.
SEC Use Only
  
4.
Citizenship or Place of
Organization
  
 
United States
  
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5.  Sole Voting Power
-0-
6.  Shared Voting Power
3,103,014 (See Item 4)
 
7.  Sole Dispositive Power
-0-
8.  Shared Dispositive Power
 
3,103,014 (See Item 4)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
3,103,014 (See Item 4)
10. 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)   £
 
11. 
Percent of Class Represented by Amount in Row (9)
12.9% (See Item 4)
12. 
Type of Reporting Person (See Instructions)
 
IN
 
 
 
 
 
Item 1.
 
 
(a)
Name of Issuer:
 
LDR Holding Corporation (the “Issuer”)
 
 
(b)
Address of Issuer’s Principal Executive Offices:
 
13785 Research Boulevard, Suite 200
Austin, Texas 78750
 
Item 2.
 
 
(a)
Name of Person(s) Filing:
 
This statement on Schedule 13G is filed by Telegraph Hill Partners, L.P. (“THP I”), THP Affiliates Fund, LLC (“THP I AFF”), Telegraph Hill Partners Investment Management, LLC (“THP I IM”), Telegraph Hill Partners SBIC, L.P.(“THP SBIC”), Telegraph Hill Partners SBIC, LLC (“THP SBIC GP”), Telegraph Hill Partners II, L.P. (“THP II”), THP II Affiliates Fund, LLC (“THP II AFF”), Telegraph Hill Partners II Investment Management, LLC (“THP II IM”), Telegraph Hill Partners Management Company, LLC ("THPMC"), Robert G. Shepler (“Shepler”), J. Matthew Mackowski (“Mackowski”), Deval A. Lashkari (“Lashkari”), and Thomas A. Raffin (“Raffin”, together with THP I, THP I AFF, THP I IM, THP SBIC, THP SBIC GP, THP II, THP II AFF, THP II IM, THPMC, Shepler, Mackowski, and Lashkari, collectively, the “Reporting Persons” ).

 
(b)
Address of Principal Business Office or, if none, Residence:
 
The address of the principal business office of each of the Reporting Persons is 360 Post Street, Suite 601, San Francisco, CA 94108.

 
(c)
Citizenship:
 
THP I
Delaware
THP I AFF
Delaware
THP I IM
Delaware
THP SBIC
Delaware
THP SBIC GP
Delaware
THP II
Delaware
THP II AFF
Delaware
THP II IM
Delaware
THPMC
Delaware
Robert G. Shepler
U.S. Citizen
J. Matthew Mackowski
U.S. Citizen
Thomas A. Raffin
U.S. Citizen
Deval A. Lashkari
U.S. Citizen

 
(d)
Title of Class of Securities:
 
common stock, $0.001 par value per share (the “Common Stock”)
 
 
(e)
CUSIP Number: 50185U105
 
 
15
 
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
Not applicable
 
Item 4.
Ownership.
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
Reporting
Persons (1)
Shares
Held
Directly
Sole
Voting
Power
Shared
Voting
Power
Sole
Dispositive
Power
Shared
Dispositive
Power
Beneficial
Ownership
Percentage
of Class
(2)
THP I
69,971
0 
69,971
0 
69,971
69,971
0.3%
THP I AFF
16,149
0
16,149
0
16,149
16,149
0.1%
THP I IM
0
0
86,120
0
86,120
86,120
0.4%
THP SBIC
375,320
0
375,320
0
375,320
375,320
1.6%
THP SBIC GP
0
0
375,320
0
375,320
375,320
1.6%
THP II
2,584,683
0
2,584,683
0
2,584,683
2,584,683
10.7%
THP II AFF
56,891
0
56,891
0
56,891
56,891
0.2%
THP II IM
0
0
2,641,574
0
2,641,574
2,641,574
11.0%
THPMC
0
0
2,727,694
0
2,727,694
2,727,694
11.3%
Robert G. Shepler
0
0
3,103,014
0
3,103,014
3,103,014
12.9%
J. Matthew Mackowski
0
0
3,103,014
0
3,103,014
3,103,014
12.9%
Thomas A. Raffin
0
0
3,103,014
0
3,103,014
3,103,014
12.9%
Deval A. Lashkari
0
0
3,103,014
0
3,103,014
3,103,014
12.9%

(1) THPMC is the manager of  THP I IM, which serves as the general partner of THP I and the manager of THP I AFF and has voting and investment control over the shares held by THP I and THP I AFF and is deemed to beneficially own those shares although it owns no shares directly.  THP SBIC GP serves as the general partner of THP SBIC and has voting and investment control over the shares held by THP SBIC and is deemed to beneficially own those shares although it owns no shares directly.  THPMC is the manager of THP II IM, which serves as the general partner of THP II and the manager of THP II AFF and has voting and investment control over the shares held by THP II and THP II AFF and is deemed to beneficially own those shares although it owns no shares directly.
 
Messrs. Shepler, Mackowski, Raffin and Lashkari are managers of each of THP SBIC GP and THPMC and, as such, share voting and dispositive power over the shares held by THP I, THP I AFF, THP SBIC, THP II, and THP II AFF and may be deemed to own beneficially the shares held by THP I, THP I AFF, THP SBIC, THP II, and THP II AFF. None of Shepler, Mackowski, Raffin and Lashkari directly owns any shares of Common Stock.
 
(2) This percentage is calculated based upon (i) 23,425,869 shares of Common Stock outstanding as of October 31, 2013 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2013, and (ii) 650,669 shares of Common Stock issued by the Issuer on December 27, 2013, as disclosed by the Issuer in its Current Report on Form 8-K, filed on December 27, 2013 with the Securities and Exchange Commission.
 
 
16
 

Item 5.
Ownership of Five Percent or Less of a Class.
 
Not applicable.
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.
 
Item 9.
Notice of Dissolution of Group.
 
Not applicable.
 
Item 10.
Certification.
 
Not applicable.
 
 
 
 
 
 
 
17
 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:           February 14, 2014
 
 
Telegraph Hill Partners, L.P.
By: Telegraph Hill Partners Investment Management, LLC
Its: General Partner
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
THP Affiliates Fund, LLC
By: Telegraph Hill Partners Investment Management, LLC
Its:  Manager
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners Investment Management, LLC
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners SBIC, L.P.
By: Telegraph Hill Partners SBIC, LLC
Its: General Partner
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners SBIC, LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager

 
 
 
 
 
Telegraph Hill Partners II, L.P.
By: Telegraph Hill Partners II Investment Management, LLC
Its: General Partner
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
THP II Affiliates Fund, LLC
By: Telegraph Hill Partners II Investment Management, LLC
Its:  Manager
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners II Investment Management, LLC
By: Telegraph Hill Partners Management Company LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners Management Company, LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager

  
 
/s/ Robert G. Shepler
 
Robert G. Shepler

 
 
/s/ J. Matthew Mackowski
 
J. Matthew Mackowski
 
 
 
/s/ Thomas A. Raffin
 
Thomas A. Raffin

 
 
/s/ Deval Lashkari
 
Deval A. Lashkari

 
 
 
 
JOINT FILING AGREEMENT

In accordance with Rule 13(d)-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other of the attached statement on Schedule 13G and to all amendments to such statement.
 
Dated:           February 14, 2014
 
 
Telegraph Hill Partners, L.P.
By: Telegraph Hill Partners Investment Management, LLC
Its: General Partner
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
THP Affiliates Fund, LLC
By: Telegraph Hill Partners Investment Management, LLC
Its:  Manager
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners Investment Management, LLC
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners SBIC, L.P.
By: Telegraph Hill Partners SBIC, LLC
Its: General Partner
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners SBIC, LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager
 
 
 
 
 
 
Telegraph Hill Partners II, L.P.
By: Telegraph Hill Partners II Investment Management, LLC
Its: General Partner
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
THP II Affiliates Fund, LLC
By: Telegraph Hill Partners II Investment Management, LLC
Its:  Manager
By: Telegraph Hill Partners Management Company LLC
Its: Manager
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners II Investment Management, LLC
By: Telegraph Hill Partners Management Company LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager


 
Telegraph Hill Partners Management Company, LLC
     
     
 
By:
/s/ Robert G. Shepler
 
Manager

  
 
/s/ Robert G. Shepler
 
Robert G. Shepler

 
 
/s/ J. Matthew Mackowski
 
J. Matthew Mackowski
 
 
 
/s/ Thomas A. Raffin
 
Thomas A. Raffin

 
 
/s/ Deval Lashkari
 
Deval A. Lashkari