13F-HR LIVE false false false 0001478861 XXXXXXXX 06-30-2016 06-30-2016 Emancipation Management LLC

825 THIRD AVENUE 33RD FLOOR NEW YORK NY 10022

13F HOLDINGS REPORT 028-16996 Y THIS 13F REPORT IS AN AGGRGATE FILING FOR EMANCIPATION MANAGEMENT LLC (EMANCIPATION) AND CIRCLE N ADVISORS, LLC (CIRCLE N), BOTH OF WHICH ARE UNDER COMMON CONTROL OF MR. CHARLES FRUMBERG. ON JUNE 26, 2015, CIRCLE N ACQUIRED SUBSTANTIALLY ALL OF THE BUSINESS ASSETS OF NSB ADVISORS LLC (NSB). HOLDINGS FORMERLY REPORTED BY NSB ARE NOW BEING REPORTED ON THIS 13F REPORT BY EMANCIPATION. Charles Frumberg 212 605-0661 /s/ Charles Frumberg New York NY 08-01-2016 0 45 82024 false