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
604,515 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
604,515 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,515 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)
4.1% 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 October 27, 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
604,515 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
604,515 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,515 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)
4.1% 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 October 27, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP NO. 854305208
|
13D/A
|
Page 4
|
1
|
NAMES OF REPORTING PERSONS
HALE PARTNERSHIP FUND, L.P.
|
|||
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
550,617 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
550,617 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
550,617 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 October 27, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP NO. 854305208
|
13D/A
|
Page 5
|
1
|
NAMES OF REPORTING PERSONS
MGEN II – HALE FUND, L.P.
|
|||
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
53,898 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
53,898 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
53,898 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 October 27, 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
604,515 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
604,515 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,515 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)
4.1% 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 October 27, 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
664,606 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
664,606 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
664,606 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)
4.5% 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 October 27, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP NO. 854305208
|
13D/A
|
Page 8
|
1
|
NAMES OF REPORTING PERSONS
TALANTA FUND, L.P.
|
|||
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
664,606 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
664,606 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
664,606 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)
4.5% 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 October 27, 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
664,606 Shares of Common Stock
|
|||
9
|
SOLE DISPOSITIVE POWER
0 Shares of Common Stock
|
|||
10
|
SHARED DISPOSITIVE POWER
664,606 Shares of Common Stock
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
664,606 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)
4.5% 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 October 27, 2015)
|
|||
14
|
TYPE OF REPORTING PERSON
IN
|
Beneficial Ownership
|
Transaction Date
|
Quantity Purchased
|
Price per Share (excluding commission)
|
How Effected
|
HALE PARTNERSHIP FUND, L.P.
|
11/5/2015
|
1,775
|
$2.78
|
Open Market
|
MGEN II – HALE FUND, L.P.
|
11/5/2015
|
175
|
$2.78
|
Open Market
|
TALANTA FUND, L.P.
|
10/26/2015
|
500
|
$2.76
|
Open Market
|
TALANTA FUND, L.P.
|
10/28/2015
|
100
|
$2.89
|
Open Market
|
TALANTA FUND, L.P.
|
10/29/2015
|
5,900
|
$2.86
|
Open Market
|
TALANTA FUND, L.P.
|
10/29/2015
|
10,000
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
10/29/2015
|
10,000
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
10/29/2015
|
4,650
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
10/30/2015
|
100
|
$2.87
|
Open Market
|
TALANTA FUND, L.P.
|
10/30/2015
|
100
|
$2.86
|
Open Market
|
TALANTA FUND, L.P.
|
11/2/2015
|
100
|
$2.90
|
Open Market
|
TALANTA FUND, L.P.
|
11/6/2015
|
5,000
|
$2.85
|
Open Market
|
TALANTA FUND, L.P.
|
11/6/2015
|
720
|
$2.86
|
Open Market
|
TALANTA FUND, L.P.
|
11/10/2015
|
123
|
$2.79
|
Open Market
|
TALANTA FUND, L.P.
|
11/10/2015
|
10,000
|
$2.90
|
Open Market
|
TALANTA FUND, L.P.
|
11/11/2015
|
300
|
$2.82
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
1,830
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
1,800
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
247
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
1,553
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
3,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
2,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
10,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
5,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
5,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
1,600
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
10,000
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/12/2015
|
5,600
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/13/2015
|
800
|
$2.83
|
Open Market
|
TALANTA FUND, L.P.
|
11/13/2015
|
800
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
11/16/2015
|
2,430
|
$2.87
|
Open Market
|
TALANTA FUND, L.P.
|
11/23/2015
|
1,400
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/24/2015
|
402
|
$2.76
|
Open Market
|
TALANTA FUND, L.P.
|
11/25/2015
|
300
|
$2.78
|
Open Market
|
TALANTA FUND, L.P.
|
11/27/2015
|
106
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/30/2015
|
100
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
11/30/2015
|
100
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
11/30/2015
|
778
|
$2.85
|
Open Market
|
TALANTA FUND, L.P.
|
12/1/2015
|
7,720
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
12/1/2015
|
452
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
1,000
|
$2.84
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
2,180
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
200
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
10,000
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
5,000
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
5,000
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/2/2015
|
5,000
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/3/2015
|
2,500
|
$2.80
|
Open Market
|
TALANTA FUND, L.P.
|
12/3/2015
|
100
|
$2.83
|
Open Market
|
TALANTA FUND, L.P.
|
12/3/2015
|
7,300
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/3/2015
|
5,400
|
$2.81
|
Open Market
|
TALANTA FUND, L.P.
|
12/3/2015
|
840
|
$2.81
|
Open Market
|
Date: | December 4, 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, L.P.
|
||||
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, L.P.
|
||||
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, L.P. | ||||
By:
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TALANTA Investment Group, LLC,
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its General Partner
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By:
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/s/ Justyn R, Putnam
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Name:
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Justyn R. Putnam
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Title:
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Managing Member
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/s/ Justyn R, Putnam
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JUSTYN R. PUTNAM
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