SEC Form 4 · accession 0000921895-16-005189
PERCEPTRON INC/MI · PRCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Moab Capital Partners LLC
10% Owner · Other
Michael Rothenberg
10% Owner · Other
Moab Partners LP
10% Owner · Other
Period of report
Jul 15, 2016
Accepted (ET)
Jul 19, 2016 · 3:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000887226
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1,F2 | Jul 15, 2016 | X | 13,200 | $5.00 | A | 791,762 | I | By Moab Partners, L.P. |
| Common Stock, $0.01 par valueF1,F3 | Jul 15, 2016 | X | 800 | $5.00 | A | 53,136 | I | By Managed Account of Moab Capital Partners, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Put Option (obligation to buy)F1,F2,F4 | $5.00 | Jul 15, 2016 | X | 13,200 | D | — | Jul 15, 2016 | Common Stock, $0.01 par value | 13,200 | 0 | I |
| Put Option (obligation to buy)F1,F3,F4 | $5.00 | Jul 15, 2016 | X | 800 | D | — | Jul 15, 2016 | Common Stock, $0.01 par value | 800 | 0 | I |
Explanation of responses
- F1This Form 4 is filed jointly by Moab Capital Partners, LLC ("Moab LLC"), Moab Partners, L.P. ("Moab LP") and Michael M. Rothenberg (collectively, the "Reporting Persons"). As of June 28, 2016, each of the Reporting Persons may be deemed to be a member of a Section 13(d) group with each of Harbert Discovery Fund, LP, Harbert Discovery Fund GP, LLC, Harbert Fund Advisors, Inc., Harbert Management Corporation, Jack Bryant, Kenan Lucas, and Raymond Harbert, which collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2Securities owned by Moab LP. Each of Moab LLC, as the investment adviser of Moab LP, and Mr. Rothenberg, as the managing director of Moab LLC, may be deemed to be the beneficial owner of the securities owned by Moab LP.
- F3Securities held in an account managed by Moab LLC (the "Managed Account"). Each of Moab LLC, as the investment adviser of the Managed Account, and Mr. Rothenberg, as the managing director of Moab LLC, may be deemed to be the beneficial owner of the securities held in the Managed Account.
- F4The put options were exercisable at any time.