1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Capital Master Fund, Ltd.
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)x (joint filers)
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC
|
||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
8
|
SHARED VOTING POWER
641,700
|
||
9
|
SOLE DISPOSITIVE POWER
|
||
10
|
SHARED DISPOSITIVE POWER
641,700
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
641,700
|
||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
|
||
14
|
TYPE OF REPORTING PERSON
CO
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Management, LLC
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)x (joint filers)
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
N/A
|
||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
8
|
SHARED VOTING POWER
641,700
|
||
9
|
SOLE DISPOSITIVE POWER
|
||
10
|
SHARED DISPOSITIVE POWER
641,700
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
641,700
|
||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Capital LP
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)x (joint filers)
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
N/A
|
||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
8
|
SHARED VOTING POWER
488,462 (1)
|
||
9
|
SOLE DISPOSITIVE POWER
|
||
10
|
SHARED DISPOSITIVE POWER
488,462 (1)
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,462 (1)
|
||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5% (1)
|
||
14
|
TYPE OF REPORTING PERSON
PN
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Advisors II, LLC
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)x (joint filers)
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
N/A
|
||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
|
|
8
|
SHARED VOTING POWER
488,462 (1)
|
||
9
|
SOLE DISPOSITIVE POWER
|
||
10
|
SHARED DISPOSITIVE POWER
488,462 (1)
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,462 (1)
|
||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
|
||
14
|
TYPE OF REPORTING PERSON
OO
|
1
|
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Robert S. Ellin
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)x (joint filers)
|
||
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
N/A
|
||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
¨
|
||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
|
SOLE VOTING POWER
65,000(1)
|
|
8
|
SHARED VOTING POWER
641,700 (2)
|
||
9
|
SOLE DISPOSITIVE POWER
65,000 (1)
|
||
10
|
SHARED DISPOSITIVE POWER
641,700 (2)
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
706,700 (1)(2)
|
||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
¨
|
||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
|
||
14
|
TYPE OF REPORTING PERSON
IN
|
(i)
|
Trinad Capital Master Fund, Ltd., a Cayman Islands corporation, which is a hedge fund dedicated to investing in micro-cap companies, with respect to shares directly and beneficially owned by Trinad Capital Master Fund, Ltd.
|
(ii)
|
Trinad Capital LP, a Delaware limited partnership, which is principally engaged in investing in Trinad Capital Master Fund, Ltd., with respect to shares indirectly and beneficially owned by Trinad Capital LP through its investment in Trinad Capital Master Fund, Ltd.
|
(iii)
|
Trinad Management, LLC, a Delaware limited liability company, which is principally engaged in the business of managing the investments of Trinad Capital Master Fund, Ltd. and Trinad Capital LP, with respect to the shares directly and beneficially owned by Trinad Capital Master Fund, Ltd. and indirectly and beneficially owned by Trinad Capital LP.
|
(iv)
|
Trinad Advisors II, LLC, a Delaware limited liability company and the general partner of Trinad Capital LP, which principally serves as the general partner of Trinad Capital LP, with respect to the shares indirectly and beneficially owned by Trinad Capital LP.
|
(v)
|
Robert S. Ellin, an individual, whose principal occupation is to serve as portfolio manager for Trinad Management, LLC. Mr. Ellin is the managing member of Trinad Advisors II, LLC. Trinad Advisors II, LLC is the general partner of Trinad Capital LP that is a principal stockholder of Trinad Capital Master Fund, Ltd. Mr. Ellin is the managing member of Trinad Management, LLC which is the manager of Trinad Capital Master Fund, Ltd. Mr. Ellin is a United States citizen.
|
Transaction Date
|
Shares Purchased
(Sold)
|
Price per Share ($)
|
Commission
|
4/29/2011
|
12,000
|
1.70
|
120.00
|
|||||||||
4/28/2011
|
(5,000)
|
1.70
|
50.00
|
|||||||||
4/27/2011
|
4,600
|
1.77
|
46.00
|
4/20/2011
|
(3,500 | ) | 1.76 | 35.00 | ||||||||
4/13/2011
|
600 | 1.77 | 15.00 | |||||||||
4/12/2011
|
300 | 1.75 | 15.00 | |||||||||
4/8/2011
|
5,200 | 1.80 | 52.00 | |||||||||
3/31/2011
|
300 | 1.84 | 15.00 | |||||||||
3/30/2011
|
600 | 1.83 | 15.00 | |||||||||
3/29/2011
|
300 | 1.74 | 15.00 | |||||||||
3/28/2011
|
(5,900 | ) | 1.76 | 59.00 | ||||||||
3/21/2011
|
(1,500 | ) | 1.83 | (15.00 | ) | |||||||
3/21/2011
|
1,500 | 1.83 | 15.00 | |||||||||
3/21/2011
|
1,500 | 1.83 | 15.00 | |||||||||
3/18/2011
|
5,300 | 1.83 | 53.00 | |||||||||
3/14/2011
|
(1,000 | ) | 1.91 | 15.00 | ||||||||
3/10/2011
|
(7,700 | ) | 1.95 | 77.00 |
Transaction Date
|
Shares Purchased
(Sold)
|
Price per Share ($)
|
Commission
|
|||||||||
3/9/2011
|
(6,600 | ) | 1.95 | 66.00 | ||||||||
3/8/2011
|
(16,000 | ) | 1.95 | 160.00 | ||||||||
3/7/2011
|
2,000 | 1.98 | 20.00 | |||||||||
3/3/2011
|
3,600 | 1.82 | 36.00 | |||||||||
3/2/2011
|
6,000 | 1.75 | 60.00 | |||||||||
3/1/2011
|
1,000 | 1.75 | 15.00 | |||||||||
2/28/2011
|
(26,400 | ) | 1.65 | 264.00 | ||||||||
2/28/2011
|
500 | 1.68 | 15.00 | |||||||||
2/25/2011
|
(51,832 | ) | 1.66 | 518.32 | ||||||||
2/24/2011
|
(6,800 | ) | 1.65 | 68.00 | ||||||||
2/23/2011
|
(20,395 | ) | 1.63 | 203.95 | ||||||||
2/22/2011
|
(19,763 | ) | 1.66 | 197.63 | ||||||||
2/18/2011
|
(12,800 | ) | 1.68 | 128.00 | ||||||||
2/17/2011
|
(24,300 | ) | 1.67 | 243.00 | ||||||||
2/17/2011
|
1,500 | 1.72 | 15.00 | |||||||||
2/17/2011
|
(423,347 | ) | - | - | ||||||||
2/17/2011
|
423,347 | - | - | |||||||||
2/16/2011
|
(10,357 | ) | 1.72 | 103.57 | ||||||||
2/15/2011
|
4,000 | 1.74 | 40.00 | |||||||||
2/14/2011
|
12,800 | 1.79 | 128.00 | |||||||||
2/14/2011
|
423,347 | - | - | |||||||||
2/11/2011
|
(9,200 | ) | 1.72 | 92.00 | ||||||||
2/10/2011
|
(5,700 | ) | 1.75 | 57.00 | ||||||||
2/9/2011
|
(10,200 | ) | 1.76 | 102.00 | ||||||||
2/8/2011
|
(24,063 | ) | 1.75 | 240.63 | ||||||||
2/7/2011
|
(29,100 | ) | 1.77 | 291.00 | ||||||||
2/4/2011
|
(8,100 | ) | 1.80 | 81.00 | ||||||||
2/2/2011
|
(2,200 | ) | 1.80 | 22.00 | ||||||||
2/2/2011
|
1,200 | 1.85 | 15.00 | |||||||||
2/1/2011
|
(18,888 | ) | 1.81 | 188.88 | ||||||||
2/1/2011
|
1,000 | 1.83 | 15.00 | |||||||||
1/31/2011
|
(23,800 | ) | 1.82 | 238.00 | ||||||||
1/31/2011
|
6,400 | 1.89 | 64.00 | |||||||||
1/27/2011
|
1,000 | 1.91 | 15.00 | |||||||||
1/26/2011
|
(2,400 | ) | 1.90 | 24.00 | ||||||||
1/26/2011
|
4,100 | 1.89 | 41.00 | |||||||||
1/25/2011
|
5,200 | 1.88 | 52.00 | |||||||||
1/24/2011
|
(3,600 | ) | 1.90 | (36.00 | ) | |||||||
1/24/2011
|
5,000 | 1.85 | (50.00 | ) | ||||||||
1/24/2011
|
(5,000 | ) | 1.85 | 50.00 | ||||||||
1/24/2011
|
3,600 | 1.90 | 36.00 | |||||||||
1/24/2011
|
(5,000 | ) | 1.85 | 50.00 | ||||||||
1/24/2011
|
3,600 | 1.90 | 36.00 |
Transaction Date
|
Shares Purchased
(Sold)
|
Price per Share ($)
|
Commission
|
|||||||||
1/12/2011
|
(106,900 | ) | 1.88 | 1,069.00 | ||||||||
1/12/2011
|
4,700 | 1.95 | 47.00 | |||||||||
1/11/2011
|
(2,900 | ) | 1.89 | 45.00 | ||||||||
1/11/2011
|
1,300 | 1.96 | 30.00 | |||||||||
1/10/2011
|
(40,646 | ) | 1.92 | 4,667.00 | ||||||||
1/10/2011
|
(40,646 | ) | 1.92 | 406.46 | ||||||||
1/10/2011
|
40,646 | 1.92 | (4,667.00 | ) | ||||||||
1/7/2011
|
2,000 | 1.97 | 20.00 | |||||||||
1/6/2011
|
300 | 1.94 | 3.00 | |||||||||
1/6/2011
|
300 | 1.94 | 3.00 | |||||||||
1/6/2011
|
(300 | ) | 1.94 | (3.00 | ) | |||||||
1/5/2011
|
(2,000 | ) | 1.89 | 20.00 | ||||||||
1/3/2011
|
(2,200 | ) | 1.90 | 22.00 | ||||||||
1/3/2011
|
2,000 | 1.98 | 20.00 | |||||||||
12/31/2010
|
3,367 | 2.00 | 33.67 | |||||||||
12/30/2010
|
4,200 | 1.92 | 42.00 | |||||||||
12/29/2010
|
(5,990 | ) | 1.81 | 59.90 | ||||||||
12/28/2010
|
(21,100 | ) | 1.85 | 211.00 | ||||||||
12/27/2010
|
(14,200 | ) | 1.80 | 142.00 | ||||||||
12/21/2010
|
(4,000 | ) | 1.79 | 40.00 | ||||||||
12/17/2010
|
(2,000 | ) | 1.80 | 20.00 | ||||||||
12/16/2010
|
(9,000 | ) | 1.81 | 90.00 | ||||||||
12/15/2010
|
(4,600 | ) | 1.84 | 46.00 | ||||||||
12/14/2010
|
(200 | ) | 1.95 | 2.00 | ||||||||
12/10/2010
|
(1,500 | ) | 1.88 | 15.00 | ||||||||
12/9/2010
|
(14,600 | ) | 1.86 | 146.00 | ||||||||
12/8/2010
|
(11,600 | ) | 1.90 | 116.00 | ||||||||
12/7/2010
|
(13,100 | ) | 1.87 | 131.00 | ||||||||
12/1/2010
|
1,500 | 1.91 | 15.00 | |||||||||
11/11/2010
|
(500 | ) | 2.01 | 5.00 | ||||||||
11/10/2010
|
(300 | ) | 2.01 | 3.00 | ||||||||
11/9/2010
|
(2,000 | ) | 2.05 | 20.00 | ||||||||
11/8/2010
|
(18,800 | ) | 2.02 | 188.00 | ||||||||
11/5/2010
|
(2,000 | ) | 2.09 | 20.00 | ||||||||
11/5/2010
|
(2,000 | ) | 2.04 | 20.00 | ||||||||
11/5/2010
|
2,000 | 2.09 | (20.00 | ) | ||||||||
11/4/2010
|
(12,800 | ) | 2.03 | 128.00 | ||||||||
11/3/2010
|
(14,955 | ) | 2.08 | 149.55 | ||||||||
11/1/2010
|
(20,200 | ) | 2.19 | 202.00 | ||||||||
11/1/2010
|
(20,200 | ) | 2.19 | 202.00 | ||||||||
11/1/2010
|
20,200 | 2.19 | (202.00 | ) | ||||||||
10/28/2010
|
1,200 | 2.17 | 12.00 | |||||||||
10/28/2010
|
(1,200 | ) | 2.17 | (12.00 | ) |
Transaction Date
|
Shares Purchased
(Sold)
|
Price per Share ($)
|
Commission
|
|||||||||
10/28/2010
|
1,200 | 2.17 | 12.00 | |||||||||
10/25/2010
|
5,200 | 2.24 | 52.00 | |||||||||
10/25/2010
|
(5,200 | ) | 2.24 | (52.00 | ) | |||||||
10/25/2010
|
5,200 | 2.24 | 52.00 | |||||||||
10/22/2010
|
(13,665 | ) | 2.22 | (136.65 | ) | |||||||
10/22/2010
|
13,665 | 2.22 | 136.65 | |||||||||
10/22/2010
|
13,665 | 2.22 | 136.65 |
TRINAD CAPITAL MASTER FUND, LTD.
a Cayman Islands exempted company
|
TRINAD MANAGEMENT, LLC
a Delaware limited liability company
|
By:
|
/s/ Robert S. Ellin
|
By:
|
/s/ Robert S. Ellin
|
|
Robert S. Ellin, Director
|
Robert S. Ellin, Managing Member
|
Date: May 2, 2011
|
Date: May 2, 2011
|
|
TRINAD CAPITAL LP
a Delaware limited partnership
|
||
By: TRINAD ADVISORS II, LLC
a Delaware limited liability company
As its General Partner
|
TRINAD ADVISORS II, LLC
a Delaware limited liability company
|
By:
|
/s/ Robert S. Ellin
|
By:
|
/s/ Robert S. Ellin
|
|
Robert S. Ellin, Managing Member | Robert S. Ellin, Managing Member |
Date: May 2, 2011
|
Date: May 2, 2011
|
By:
|
/s/ Robert S. Ellin
|
|
Robert S. Ellin, an individual
|
||
Date: May 2, 2011
|
TRINAD CAPITAL MASTER FUND, LTD.
|
TRINAD MANAGEMENT, LLC
|
|
a Cayman Islands exempted company
|
a Delaware limited liability company
|
By:
|
/s/ Robert S. Ellin
|
By: | /s/ Robert S. Ellin | |
Robert S. Ellin, Director
|
|
Robert S. Ellin, Managing Member
|
Date: May 2, 2011
|
Date: May 2, 2011
|
TRINAD CAPITAL LP
|
TRINAD ADVISORS II, LLC
|
a Delaware limited partnership
|
a Delaware limited liability company
|
By: TRINAD ADVISORS II, LLC
|
|
a Delaware limited liability company
|
|
As its General Partner
|
By:
|
/s/ Robert S. Ellin |
By:
|
/s/ Robert S. Ellin
|
|
|
Robert S. Ellin, Managing Member
|
Robert S. Ellin, Managing Member
|
||
|
|
|||
Date: May 2, 2011
|
Date: May 2, 2011 | |||
By: | /s/ Robert S. Ellin | |||
|
Robert S. Ellin, an individual
|
|||
Date: May 2, 2011
|