SEC Form 4 · accession 0000899243-16-011801

· LIOX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

GLENHILL ADVISORS LLC

10% Owner

GLENHILL CAPITAL MANAGEMENT LLC

10% Owner

Glenn J Krevlin

10% Owner

GLENHILL CAPITAL ADVISORS, LLC

10% Owner

Period of report

Jan 13, 2016

Accepted (ET)

Jan 15, 2016 · 4:05 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001058299

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2,F3	Jan 13, 2016	P	30,029	$4.1611	A	6,581,429	I	See Footnotes
Common Stock^F1,F2,F3	Jan 13, 2016	P	47,377	$4.171	A	6,628,806	I	See Footnotes
Common Stock^F1,F2,F3	Jan 13, 2016	P	88,634	$4.1183	A	6,717,440	I	See Footnotes
Common Stock^F1,F2,F3	Jan 13, 2016	P	10,992	$4.105	A	6,728,432	I	See Footnotes
Common Stock^F1,F2,F3	Jan 14, 2016	P	119,935	$4.2573	A	6,848,367	I	See Footnotes
Common Stock^F1,F2,F3	Jan 14, 2016	P	10,400	$4.235	A	6,858,767	I	See Footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1Of the total securities reported in this Form 4, following the reported transactions Glenn J. Krevlin directly owns 201,854 shares, Glenhill Capital Overseas Master Fund, LP directly owns 4,996,985 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 506,800 shares, and Glenhill Long Fund, LP directly owns 1,153,128 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
F2The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 1,612,222 shares of common stock of the issuer held in such Managed Accounts.
F3Mr. Krevlin is managing member and control person of Glenhill Advisors, LLC, and is sole shareholder of Krevlin Management, Inc., which is managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC, and Glenhill Long Fund, LP, which (with Mr. Krevlin) collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC, which is the managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP.