Wynnefield Partners Small
Cap Value, L.P. I 450 Seventh Avenue, Suite 509
New
York, New York 10123 Attention: Mr. Nelson Obus
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
¨
CUSIP No. 627335201
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2
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON Wynnefield Partners Small Cap Value, L.P. I 13-3953291
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
WC
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
534,143 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
534,143 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
534,143 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
|
14
|
TYPE OF REPORTING PERSON*
PN
|
|
|
|
|
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON Wynnefield Partners Small Cap Value, L.P. 13-3688497
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
WC
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
343,041 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
343,041 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
343,041 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
|
14
|
TYPE OF REPORTING PERSON*
PN
|
|
|
|
|
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1
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wynnefield Small Cap Value Offshore Fund, Ltd. (No
IRS Identification No.)
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
WC
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
270,286 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
270,286 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,286 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
|
14
|
TYPE OF REPORTING PERSON* CO
|
|
|
|
|
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5
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1
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wynnefield Capital, Inc. Profit Sharing & Money
Purchase Plan
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
N/A
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
40,000 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
40,000 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
40,000 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
|
14
|
TYPE OF REPORTING PERSON*
CO
|
|
|
|
|
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wynnefield Capital Management, LLC 13-4018186
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
N/A
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
877,184 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
877,184 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
877,184 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.4%
|
14
|
TYPE OF REPORTING PERSON*
OO
|
|
|
|
|
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7
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wynnefield Capital, Inc. 13-3688495
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
N/A
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
270,286 (See Item 5)
|
8
|
SHARED VOTING POWER
0 (See Item
5)
|
9
|
SOLE DISPOSITIVE POWER
270,286 (See Item 5)
|
10
|
SHARED DISPOSITIVE POWER
0 (See Item
5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,286 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
|
14
|
TYPE OF REPORTING PERSON* CO
|
|
|
|
|
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8
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nelson Obus
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
N/A
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0 (See Item
5)
|
8
|
SHARED VOTING POWER
1,187,470 (See Item 5)
|
9
|
SOLE DISPOSITIVE POWER
0 (See Item
5)
|
10
|
SHARED DISPOSITIVE POWER
1,187,470 (See Item 5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,187,470 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
|
14
|
TYPE OF REPORTING PERSON*
IN
|
|
|
|
|
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9
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1
|
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joshua Landes
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)
¨
(b)
x
|
3
|
SEC USE ONLY
|
4
|
SOURCE OF FUNDS*
N/A
|
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBEROF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0 (See Item
5)
|
8
|
SHARED VOTING POWER
1,187,470 (See Item 5)
|
9
|
SOLE DISPOSITIVE POWER
0 (See Item
5)
|
10
|
SHARED DISPOSITIVE POWER
1,187,470 (See Item 5)
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,187,470 (See Item 5)
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
¨
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
|
14
|
TYPE OF REPORTING PERSON*
IN
|
|
|
|
|
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Item 1. Security and Issuer.
This
Amendment No. 3 amends the Statement of Beneficial Ownership on Schedule 13D originally filed with the Securities and Exchange
Commission (the “Commission”) on July 1, 2015 and as amended by Amendment No. 1 filed on November 9, 2015 and Amendment
No. 2 filed on September 15, 2016 (the “Schedule 13D”) by the Wynnefield Reporting Persons (as defined in the Schedule
13D) with respect to shares of common stock, $0.001 par value per share (the “Common Stock”) of MusclePharm Corp.,
a Nevada corporation (the “Issuer”), whose principal executive office are located at 4721 Ironton Street, Building
A, Denver, Colorado 80239. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Schedule
13D.
Item 2. Identity and Background.
Item 2 of the Schedule 13D is amended and restated
as follows:
This Schedule 13D is filed by the Wynnefield Reporting
Persons.
(a),
(b), (c) and (f). The “Wynnefield Reporting Persons” are Wynnefield Partners Small Cap Value, L.P. I (“Wynnefield
Partners I”), Wynnefield Partners Small Cap Value, L.P. (“Wynnefield Partners”), Wynnefield Small Cap Value Offshore
Fund, Ltd. (“Wynnefield Offshore”), Wynnefield Capital, Inc. Profit Sharing & Money Purchase Plan (“Plan”),
Wynnefield Capital Management, LLC (“WCM”), Wynnefield Capital, Inc. (“WCI”), Nelson Obus and Joshua H.
Landes. The Wynnefield Reporting Persons that are entities are each separate and distinct entities with different beneficial owners
(whether designated as limited partners or stockholders).
WCM,
a New York limited liability company, is the general partner of Wynnefield Partners I and Wynnefield Partners, each a private investment
company organized as limited partnerships under the laws of the State of Delaware. Nelson Obus and Joshua H. Landes are the managing
members of WCM and the principal executive officers of WCI, the investment manager of Wynnefield Offshore, a private investment
company organized under the laws of the Cayman Islands. The Plan is an employee profit sharing plan organized under the laws of
the State of Delaware. Mr. Obus and Mr. Landes are co-trustees of the Plan. Messrs. Obus and Landes are citizens of the United
States of America.
The business address of the Wynnefield Reporting Persons
is 450 Seventh Avenue, Suite 509, New York, New York 10123.
(d)
and (e). During the last five years, none of the Wynnefield Reporting Persons had been (i) convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to
such laws.
Item 3. Source and Amount
of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and
restated as follows:
The
securities reported in this Schedule 13D as directly beneficially owned by the Wynnefield Reporting Persons were acquired with
funds of approximately $7,701,741 (including brokerage commissions). All such funds were provided from the working capital or personal
funds of the Wynnefield Reporting Persons who directly beneficially own such securities.
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Item 4. Purpose of the Transaction
Item 4 of the Schedule 13D
is hereby amended by the addition of the following:
This
Schedule 13D amendment is filed by the Wynnefield Reporting Person to report the issuance of the following press release:
WYNNEFIELD COMMENDS LEADERSHIP OF MUSCLEPHARM
CEO
Expresses Approval of Current Strategic
Direction
NEW
YORK – November 22, 2016 – Wynnefield Capital and its affiliates (collectively, "Wynnefield"), stockholders
of MusclePharm Corp. (OTCQB: MSLP) ("MusclePharm" or the "Company") with a 8.6% ownership interest, today
filed an amended Schedule 13-D/A expressing its approval of the company’s current strategic direction under the leadership
of Executive Chairman and Interim CEO Ryan Drexler.
Nelson
Obus, President of Wynnefield, said “We applaud Ryan Drexler for his success in carrying out a complete overhaul of MusclePharm’s
business plan and removing executives who made investment in the company a money-losing proposition for so long a period. By jettisoning
a series of absurd licensing agreements that threatened MusclePharm’s survival, and other beneficial changes, the company
is now approaching a positive free cash flow position. While this significant turnaround came at the steep cost of share dilution,
we believe that the improvement in MusclePharm’s prospects creates a real opportunity for all shareholders to benefit in
the future from Mr. Drexler’s value creation skills.”
About
Wynnefield Capital, Inc
.
Established
in 1992, Wynnefield Capital, Inc. is a value investor specializing in U.S. small cap situations that have company or industry-specific
catalysts.
Contact:
Mark
Semer or Daniel Yunger
KEKST
mark.semer@kekst.com
/ daniel.yunger@kekst.com
212.521.4800
Item 5. Interest in Securities
of the Issuer.
Item 5 of the Schedule 13D is hereby amended and
restated as follows:
(a),
(b) and (c). As of November 22, 2016, the Wynnefield Reporting Persons beneficially owned in the aggregate 1,187,470 shares of
Common Stock, constituting approximately 8.6% of the outstanding shares of Common Stock. The percentage of shares of Common Stock
reported as being beneficially owned by the Wynnefield Reporting Persons is based upon 13,834,680 shares outstanding as of November
1, 2016, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, filed with
the Securities and Exchange Commission (the “Commission”) on November 9, 2016.
The
following table sets forth certain information with respect to Common Stock directly beneficially owned by the Wynnefield Reporting
Persons listed below:
Name
|
Number of Common Stock
|
Percentage of Outstanding Common Stock
|
Wynnenfield Partners I
|
534,143
|
3.9%
|
Wynnefield Partners
|
343,041
|
2.5%
|
Wynnefield Offshore
|
270,286
|
2.0%
|
Plan
|
40,000
|
.3%
|
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WCM
is the sole general partner of Wynnefield Partners and Wynnefield Partners I and, accordingly, may be deemed to be the indirect
beneficial owner (as that term is defined under Rule 13d-3 under the Exchange Act) of the Common Stock that Wynnefield Partners
and Wynnefield Partners I beneficially own. WCM, as the sole general partner of Wynnefield Partners and Wynnefield Partners I,
has the sole power to direct the voting and disposition of the Common Stock that Wynnefield Partners and Wynnefield Partners I
beneficially own. Messrs. Obus and Landes are the co-managing members of WCM and, accordingly, each of Messrs. Obus and Landes
may be deemed to be the indirect beneficial owner (as that term is defined under Rule 13d-3 under the Exchange Act) of the Common
Stock that WCM may be deemed to beneficially own. Each of Messrs. Obus and Landes, as co-managing members of WCM, share the power
to direct the voting and disposition of the shares of Common Stock that WCM may be deemed to beneficially own.
WCI
is the sole investment manager of Wynnefield Offshore and, accordingly, may be deemed to be the indirect beneficial owner (as that
term is defined under Rule 13d-3 under the Exchange Act) of the Common Stock that Wynnefield Offshore beneficially owns. WCI, as
the sole investment manager of Wynnefield Offshore, has the sole power to direct the voting and disposition of the Common Stock
that Wynnefield Offshore beneficially owns. Messrs. Obus and Landes are executive officers of WCI and, accordingly, each may be
deemed to be the indirect beneficial owner (as that term is defined under Rule 13d-3 under the Exchange Act) of the Common Stock
that WCI may be deemed to beneficially own. Messrs. Obus and Landes, as executive officers of WCI, share the power to direct the
voting and disposition of the shares of Common Stock that WCI may be deemed to beneficially own.
The
Wynnefield Profit Plan is an employee profit sharing plan. Mr. Obus and Mr. Landes are co-trustees of the Wynnefield Profit Plan
and have the authority to direct the voting and the disposition of the shares of Common Stock that the Wynnefield Profit Plan beneficially
owns. Accordingly, Mr. Obus and Mr. Landes may be deemed to be the indirect beneficial owners (as that term is defined under Rule
13d-3 under the Exchange Act) of the shares of Common Stock that the Wynnefield Profit Plan may be deemed to beneficially own.
Beneficial
ownership of the Common Stock shown on the cover pages of and set forth elsewhere in this Schedule 13D for each member of the Wynnefield
Reporting Persons assumes that they have not formed a group for purposes of Section 13(d)(3) under the Exchange Act, and Rule 13d-5(b)(1)
promulgated thereunder. If the members of the Wynnefield Reporting Persons were deemed to have formed a group for purposes of Section
13(d)(3) and Rule 13d-5(b)(1), the group would be deemed to own beneficially (and may be deemed to have shared voting and dispositive
power over) in the aggregate 1,187,470 shares of Common Stock, constituting approximately 8.6% of the outstanding shares of Common
Stock. The percentage of shares of Common Stock reported as being beneficially owned by the Wynnefield Reporting Persons is based
upon 13,834,680 shares outstanding as of November 1, 2016, as set forth in the Issuer’s Quarterly Report on Form 10-Q for
the quarter ended September 30, 2016, filed with the Commission on November 9, 2016.
The
filing of this Schedule 13D and any future amendment by the Wynnefield Reporting Persons, and the inclusion of information herein
and therein with respect to WCM, WCI and Messrs. Obus and Landes, shall not be considered an admission that any of such persons,
for the purpose of Section 16(b) of the Exchange Act, are the beneficial owners of any shares in which such persons do not have
a pecuniary interest. Each of WCM, WCI and Messrs. Obus and Landes disclaims any beneficial ownership of the shares covered by
this Schedule 13D.
The Wynnefield Reporting Persons
have acquired shares of Common Stock during the last 60 days as follows:
Name
|
Transaction
|
Date
|
Number of Shares
|
Price Per Share
|
Wynnefield Partners I
|
Purchase
|
10/7/2016
|
9,840
|
$1.58
|
Wynnefield Partners I
|
Purchase
|
11/21/2016
|
8,381
|
$2.00
|
Wynnefield Partners
|
Purchase
|
10/7/2016
|
6,218
|
$1.58
|
Wynnefield Partners
|
Purchase
|
11/21/2016
|
5,296
|
$2.00
|
Wynnefield Offshore
|
Purchase
|
10/7/2016
|
3,942
|
$1.58
|
Wynnefield Offshore
|
Purchase
|
11/21/2016
|
3,323
|
$2.00
|
(d) and (e). Not Applicable.
CUSIP No. 627335201
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13
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SIGNATURE
After reasonable inquiry and
to the best of their knowledge and belief, the undersigned certify that the information set forth in this Schedule 13D/A is true,
complete and correct.
Dated: November 22, 2016
WYNNEFIELD PARTNERS SMALL CAP VALUE,
L.P. I
By: Wynnefield Capital
Management, LLC, its General Partner
By:
/s/ Nelson Obus
Nelson Obus, Co-Managing Member
WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P.
By: Wynnefield Capital
Management, LLC, its General Partner
By:
/s/ Nelson Obus
Nelson Obus, Co-Managing Member
WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND,
LTD.
By: Wynnefield Capital,
Inc., its Investment Manager
By:
/s/ Nelson Obus
Nelson Obus, President
WYNNEFIELD CAPITAL INC. PROFIT SHARING &
MONEY PURCHASE PLAN, INC.
By:
/s/ Nelson Obus
Nelson Obus, Authorized Signatory
WYNNEFIELD CAPITAL MANAGEMENT, LLC
By:
/s/ Nelson Obus
Nelson Obus, Co-Managing Member
WYNNEFIELD CAPITAL, INC.
By:
/s/ Nelson Obus
Nelson Obus, President
/s/ Nelson Obus
Nelson Obus, Individually
/s/ Joshua Landes
Joshua Landes, Individually