SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WC CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)
300 DRAKES LANDING RD
STE 230

(Street)
GREENBRAE CA 94904

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ALDILA INC [ ALDA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2009 S 42,751 D $3.88 112,501 I See Notes
Common Stock 02/27/2009 P 1,222 A $4.05 113,723 I See Notes(1)(2)
Common Stock 03/03/2009 P 1,355 A $4.12 115,078 I See Notes(1)(2)
Common Stock 03/04/2009 P 1,056 A $4.69 116,134 I See Notes(1)(2)
Common Stock 03/05/2009 P 978 A $4.71 117,112 I See Notes(1)(2)
Common Stock 03/09/2009 P 1,737 A $5.08 118,849 I See Notes(1)(2)
Common Stock 03/10/2009 P 2,080 A $5.41 120,929 I See Notes(1)(2)
Common Stock 03/20/2009 S 17,666 D $5.64 103,263 I See Notes(1)(2)
Common Stock 03/23/2009 P 1,060 A $5.65 104,323 I See Notes(1)(2)
Common Stock 03/31/2009 P 1,413 A $5.66 105,736 I See Notes(1)(2)
Common Stock 04/01/2009 P 226 A $5.62 86,392(3) I See Notes(1)(2)
Common Stock 04/03/2009 P 1,061 A $5.36 87,453 I See Notes(1)(2)
Common Stock 04/08/2009 S 15,259 D $5.26 72,194 I See Notes(1)(2)
Common Stock 05/29/2009 P 51,037 A $3.6 115,026(4) I See Notes(1)(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These securities represent the pecuniary interest of WC Capital Management, LLC, a California limited liability company ("WC"), Aaron H. Braun (collectively with WC, the "Filers") and their affiliates in securities held directly by an investment limited partnership of which WC is the general partner and investment adviser, for the benefit of the investors in that partnership.
2. These securities are held by a different partnership than those reported on the Filers' Form 4 filed the same date as this Form 4 reporting transactions in the Issuer's common stock from February 26, 2009 through March 3, 2009, and March 4, 2009 through June 17, 2009 by Willow Creek Short Biased 30/130 Fund, L.P. WC is an investment adviser certified in the State of California. Mr. Braun is the manager and controlling owner of WC. The Filers are filing this Form 4 jointly, but not as a group, and each of them expressly disclaims membership in a group within the meaning of rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended.
3. The Filers' ownership interest in the partnership to which this Form 4 relates changed between the date of this transaction and the date of the previously reported transaction, resulting in a change in the Filers' pecuniary interest in the shares reported. The amount of securities beneficially owned by the Filers after this transaction reflects a difference of 19,570 shares resulting from that change, but does not reflect any change in the number of shares held by that partnership or any purchases or sales of the Issuer's securities by the Filers or their affiliates.
4. The Filers' ownership interest in the partnership to which this Form 4 relates changed between the date of this transaction and the date of the previously reported transaction, resulting in a change in the Filers' pecuniary interest in the shares reported. The amount of securities beneficially owned by the Filers after this transaction reflects a difference of 8,298 shares resulting from that change in pecuniary interest, but does not reflect any change in the number of shares held by that partnership or any purchases or sales of the Issuer's securities by the Filers or their affiliates.
WC Capital Management LLC, by Aaron H. Braun, Manager 09/10/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.