CUSIP No. 111412706
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13D
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1
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NAMES OF REPORTING PERSONS
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ESW Capital, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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1,216,071
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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1,216,071
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,216,071
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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24.03%*
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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CUSIP No. 111412706
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13D
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1
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NAMES OF REPORTING PERSONS
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Joseph A. Liemandt
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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||||
3
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SEC USE ONLY
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||||
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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U.S.A.
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
1,216,071
|
|||||
8
|
SHARED VOTING POWER
|
||||
0
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
1,216,071
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
1,216,071
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
☐
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
24.03%*
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|||||
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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||||
IN/HC
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Item 4. |
Purpose of Transaction.
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Item 5. |
Interest in Securities of the Issuer.
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(c) |
Between September 18, 2019 and January 13, 2020, ESW Capital, LLC purchased an aggregate of 170,764 shares of Common Stock of the Issuer in open market transactions with a broker-dealer as follows:
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Name
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Date
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Number of shares
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Transaction
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Purchase Price per Share
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ESW Capital, LLC
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01/13/2020
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144,689
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Purchase
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$
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2.7781
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(1)
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ESW Capital, LLC
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01/02/2020
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4,904
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Purchase
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$
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2.4998
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(2)
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ESW Capital, LLC
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11/25/2019
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7,350
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Purchase
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$
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2.50
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ESW Capital, LLC
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11/20/2019
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7,371
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Purchase
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$
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2.50
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ESW Capital, LLC
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11/13/2019
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2,699
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Purchase
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$
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2.4967
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(3)
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ESW Capital, LLC
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11/12/2019
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3,751
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Purchase
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$
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2.46
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(4)
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Item 7. |
Material to Be Filed as Exhibits.
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Exhibit
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Description
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99.1
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Joint Filing Agreement, dated as of September 26, 2019 as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (incorporated herein by reference to Exhibit A to the Schedule 13D filed September 26, 2019).
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ESW CAPITAL, LLC
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By:
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/s/ Andrew S. Price
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Name:
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Andrew S. Price
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Title:
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Chief Financial Officer
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JOSEPH A. LIEMANDT
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By:
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/s/ Andrew S. Price
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Name:
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Andrew S. Price
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Title:
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Attorney-In-Fact for Joseph A. Liemandt
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