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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FRANKLIN COVEY CO COM 353469109 4,400 205,600 SH Call DFND   0 205,600 0
FRANKLIN COVEY CO COM 353469109 42 1,966 SH   SOLE   1,966 0 0
KIRKLANDS INC COM 497498105 2,846 1,050,000 SH   DFND   0 1,050,000 0
KIRKLANDS INC COM 497498105 90 33,106 SH   SOLE   33,106 0 0
LEAF GROUP LTD COM 52177G102 6,394 1,742,370 SH   DFND   0 1,742,370 0
LEAF GROUP LTD COM 52177G102 318 86,648 SH   SOLE   86,648 0 0
LEAF GROUP LTD COM 52177G102 28 7,700 SH Call SOLE   7,700 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 6,054 1,834,498 SH   DFND   0 1,834,498 0
SPARK NETWORKS SE SPONSORED ADR 846517100 306 92,715 SH   SOLE   92,715 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 16 5,000 SH Call SOLE   5,000 0 0
ROSETTA STONE INC COM 777780107 16,216 961,795 SH   DFND   0 961,795 0
ROSETTA STONE INC COM 777780107 536 31,796 SH   SOLE   31,796 0 0
TUCOWS INC COM NEW 898697206 4,014 70,021 SH   DFND   0 70,021 0