Steven A. Hale II
Manager
Hale Partnership Capital Management, LLC
5960 Fairview Road, Suite 432
Charlotte, NC 28210
(704) 970-2012
|
Justyn R. Putnam
Managing Member
TALANTA Investment
Group, LLC
401 N. Tryon Street, 10th Floor
Charlotte, NC 28202
(704) 904-1450
|
with a copy to
Jeffrey T. Skinner
Kilpatrick Townsend
& Stockton LLP
1001 West Fourth Street
Winston-Salem, NC 27101-2400
(336) 607-7512
|
CUSIP NO. 854305208
|
13D/A
|
Page 2
|
1
|
NAMES OF REPORTING PERSONS
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|
||
4
|
SOURCE OF FUNDS
OO
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
601,965 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
601,965 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,965 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
OO, IA
|
CUSIP NO. 854305208
|
13D/A
|
Page 3
|
1
|
NAMES OF REPORTING PERSONS
HALE PARTNERSHIP CAPITAL ADVISORS, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
OO
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
601,965 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
601,965 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,965 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP NO. 854305208
|
13D/A
|
Page 4
|
1
|
NAMES OF REPORTING PERSONS
HALE PARTNERSHIP FUND, LP
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
548,296 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
548,296 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
548,296 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP NO. 854305208
|
13D/A
|
Page 5
|
1
|
NAMES OF REPORTING PERSONS
MGEN II – HALE FUND, LP
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
53,669 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
53,669 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,669 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP NO. 854305208
|
13D/A
|
Page 6
|
1
|
NAMES OF REPORTING PERSONS
STEVEN A. HALE II
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
OO
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
601,965 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
601,965 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,965 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
IN
|
CUSIP NO. 854305208
|
13D/A
|
Page 7
|
1
|
NAMES OF REPORTING PERSONS
TALANTA INVESTMENT GROUP, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
OO
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
358,642 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
358,642 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,642 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP NO. 854305208
|
13D/A
|
Page 8
|
1
|
NAMES OF REPORTING PERSONS
TALANTA FUND, LP
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
358,642 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
358,642 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,642 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP NO. 854305208
|
13D/A
|
Page 9
|
1
|
NAMES OF REPORTING PERSONS
JUSTYN R. PUTNAM
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
(b)
|
||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
OO
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
|
[ ]
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF DELAWARE, UNITED STATES OF AMERICA
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
0 Shares of Common Stock
|
||
8
|
SHARED VOTING POWER
358,642 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
358,642 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
358,642 Shares of Common Stock
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
[ ]
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4% of the outstanding Common Stock (based on 14,911,453 Shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on July 28, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
IN
|
Item 3. | Source and Amount of Funds or Other Consideration |
Item 5. | Interest in Securities of the Issuer |
Beneficial
Ownership
|
Transaction
Date
|
Quantity
Purchased
|
Price per Share
(excluding commission)
|
How
Effected
|
Hale Partnership Fund, LP
|
8/31/2015
|
92
|
$2.80
|
Open Market
|
Hale Partnership Fund, LP
|
9/1/2015
|
13,559
|
$2.80
|
Open Market
|
Hale Partnership Fund, LP
|
9/4/2015
|
1,579
|
$2.79
|
Open Market
|
Hale Partnership Fund, LP
|
9/10/2015
|
58
|
$2.78
|
Open Market
|
Hale Partnership Fund, LP
|
9/11/2015
|
910
|
$2.78
|
Open Market
|
MGEN-II Hale Fund, LP
|
8/31/2015
|
10
|
$2.80
|
Open Market
|
MGEN-II Hale Fund, LP
|
9/1/2015
|
1,339
|
$2.80
|
Open Market
|
MGEN-II Hale Fund, LP
|
9/4/2015
|
156
|
$2.79
|
Open Market
|
MGEN-II Hale Fund, LP
|
9/10/2015
|
6
|
$2.78
|
Open Market
|
MGEN-II Hale Fund, LP
|
9/11/2015
|
90
|
$2.78
|
Open Market
|
Talanta Fund, L.P.
|
7/27/2015
|
5,200
|
$2.85
|
Open Market
|
Talanta Fund, L.P.
|
7/30/2015
|
1,598
|
$2.86
|
Open Market
|
Talanta Fund, L.P.
|
8/24/2015
|
264
|
$2.86
|
Open Market
|
Talanta Fund, L.P.
|
8/25/2015
|
9,736
|
$2.86
|
Open Market
|
Talanta Fund, L.P.
|
8/27/2015
|
100
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/1/2015
|
26,222
|
$2.80
|
Open Market
|
Talanta Fund, L.P.
|
9/2/2015
|
10,000
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/3/2015
|
20,000
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/4/2015
|
16,761
|
$2.80
|
Open Market
|
Talanta Fund, L.P.
|
9/8/2015
|
5,000
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/9/2015
|
8,928
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/10/2015
|
5,000
|
$2.80
|
Open Market
|
Talanta Fund, L.P.
|
9/11/2015
|
2,263
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/14/2015
|
2,884
|
$2.80
|
Open Market
|
Talanta Fund, L.P.
|
9/15/2015
|
978
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/16/2015
|
100
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/17/2015
|
3,577
|
$2.81
|
Open Market
|
Talanta Fund, L.P.
|
9/18/2015
|
345
|
$2.81
|
Open Market
|
Date: September 23, 2015
|
|
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC
|
|
By: /s/ Steven A. Hale II
Name: Steven A. Hale II
Title: Manager
|
|
HALE PARTNERSHIP CAPITAL ADVISORS, LLC
By: /s/ Steven A. Hale II
Name: Steven A. Hale II
Title: Manager
HALE PARTNERSHIP FUND, LP
|
|
By: Hale Partnership Capital Advisors, LLC,
its General Partner
By: /s/ Steven A. Hale II
Name: Steven A. Hale II
Title: Manager
|
|
MGEN II – HALE FUND, LP
|
|
By: Hale Partnership Capital Advisors, LLC,
its General Partner
By: /s/ Steven A. Hale II
Name: Steven A. Hale II
Title: Manager
|
|
/s/ Steven A. Hale II
STEVEN A. HALE II
|
TALANTA INVESTMENT GROUP, LLC
|
|
By: /s/ Justyn R. Putnam
Name: Justyn R. Putnam
Title: Managing Member
|
|
TALANTA FUND, LP
|
|
By: TALANTA Investment Group, LLC,
its General Partner
By: /s/ Justyn R. Putnam
Name: Justyn R. Putnam
Title: Managing Member
|
|
/s/ Justyn R. Putnam
JUSTYN R. PUTNAM
|