Amended Statement of Beneficial Ownership (sc 13d/a)
April 27 2017 - 4:43PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)*
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YuMe, Inc.
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(Name of Issuer)
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Common Stock, par value $0.001
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(Title of Class of Securities)
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Jonathan Brolin
2 Depot Plaza
Bedford Hills
New York 10507
(914) 239-3117
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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April 27, 2017
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(Date of Event Which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [ ].
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Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Edenbrook 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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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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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New York
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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8.
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SHARED VOTING POWER
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2,148,206
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARED DISPOSITIVE POWER
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[_]
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2,148,206
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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2,148,206
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES*
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.31%
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14.
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TYPE OF REPORTING PERSON
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IA, OO
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1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Jonathan Brolin
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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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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 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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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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8.
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SHARED VOTING POWER
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2,148,206
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9.
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SOLE DISPOSITIVE POWER
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0
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10.
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SHARES DISPOSITIVE POWER
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[_]
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2,148,206
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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2,148,206
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES*
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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6.31%
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14.
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TYPE OF REPORTING PERSON
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IN
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Item 1.
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Security and Issuer.
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This statement on Schedule 13D (the "Schedule 13D") relates to the Common Stock, par value $0.001 (the "Common Stock"), of
YuMe, Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 1204 Middlefield Road, Redwood City, CA, 94063
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Item 2.
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Identity and Background.
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(a)-(c)
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This Schedule 13D is being filed jointly by (i) Edenbrook Capital, LLC ("Edenbrook"), a New York limited liability company, as the investment manager to certain private investment funds, with respect to Common Stock owned by such private investment funds, and (ii) Jonathan Brolin ("Mr. Brolin"), a United States citizen and the principal of Edenbrook with respect to the Common Stock owned by such private investment funds (collectively, the "Reporting Persons").
Mr. Brolin's present principal occupation or employment is acting as a private investor. The principal business address of Mr. Brolin and Edenbrook is 2 Depot Plaza, Bedford Hills, New York 10507. Mr. Brolin is the Managing Member of Edenbrook and, as such, is in the position to determine the investment and voting decisions made by Edenbrook.
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(d)
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None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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None of the Reporting Persons has, during the last five years, been 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.
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Item 3.
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Source and Amount of Funds or Other Consideration.
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The net investment costs (including commissions, if any) of the Common Stock directly owned by the private investment funds advised by Edenbrook is approximately $7,356,055. The Common Stock was purchased with the investment capital of the private investment funds advised by Edenbrook.
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Item 4.
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Purpose of Transaction.
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No material changes have been made to the Reporting Persons' Item 4 disclosure in the 13D/A previously filed on September 14, 2016.
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Item 5.
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Interest in Securities of the Issuer.
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(a)-(c)
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As of the date hereof, (i) Edenbrook and Mr. Brolin may be deemed to be the beneficial owners of 2,148,206 shares of Common Stock, constituting 6.31% of the shares of Common Stock, based upon 34,038,483 shares of Common Stock outstanding as of
February 28, 2017, as set forth in the Annual Report on 10-K for the annual period ended December 31, 2016 filed by the Issuer on March 10, 2017
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Edenbrook has the sole power to vote or direct the vote of 0 shares of Common Stock; has the shared power to vote or direct the vote of 2,148,206 shares of Common Stock; has the sole power to dispose or direct the disposition of 0 shares of Common Stock; and has the shared power to dispose or direct the disposition of 2,148,206 shares of Common Stock.
Mr. Brolin has the sole power to vote or direct the vote of 0 shares of Common Stock; has the shared power to vote or direct the vote of 2,148,206 shares of Common Stock; has the sole power to dispose or direct the disposition of 0 shares of Common Stock; and has the shared power to dispose or direct the disposition of 2,148,206 shares of Common Stock.
The Reporting Persons specifically disclaim beneficial ownership in the shares of Common Stock reported herein except to the extent of their pecuniary interest therein.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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This Item is not applicable.
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Item 7.
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Material to be Filed as Exhibits.
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Exhibit A: Joint Filing Agreement
Exhibit B: Schedule of Transactions in Common Stock
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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April 27, 2017
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(Date)
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Edenbrook Capital, LLC
By:
/s/ Jonathan Brolin
Jonathan Brolin, Managing Member
Jonathan Brolin
/s/ Jonathan Brolin
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Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13D, dated April 27, 2017, relating to the Common Stock, par value $0.001 of YuMe, Inc. shall be filed on behalf of the undersigned.
April 27, 2017
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(Date)
Edenbrook Capital, LLC
By:
/s/ Jonathan Brolin
Jonathan Brolin, Managing Member
Jonathan Brolin
/s/ Jonathan Brolin
Exhibit B
Schedule of Transactions in Shares by Private Funds Advised by Edenbrook
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Transaction Date
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Title of Class
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Number of Shares Purchased
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Number of Shares Sold
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Price per Share
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02/28/17
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Common Stock
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2,000
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3.6196
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02/28/17
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Common Stock
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1,003
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3.6360
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03/1/17
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Common Stock
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1886
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3.5058
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03/1/17
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Common Stock
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5,000
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3.5888
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03/3/17
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Common Stock
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1,960
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3.5980
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03/6/17
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Common Stock
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3,843
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3.5560
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03/7/17
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Common Stock
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1,900
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3.5347
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3/7/17
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Common Stock
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1,599
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3.5436
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3/8/17
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Common Stock
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3,401
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3.5428
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3/8/17
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Common Stock
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6,100
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3.5399
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3/9/17
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Common Stock
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3,636
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3.5756
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3/10/17
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Common Stock
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40
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3.5800
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3/13/17
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Common Stock
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724
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3.5800
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3/14/17
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Common Stock
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3,830
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3.5800
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3/15/17
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Common Stock
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2,700
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3.5600
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3/15/17
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Common Stock
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24,650
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3.5500
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3/17/17
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Common Stock
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25,000
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3.6100
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3/17/17
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Common Stock
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300
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3.5567
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3/30/17
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Common Stock
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40,000
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4.0000
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3/30/17
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Common Stock
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13,000
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3.9999
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4/5/17
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Common Stock
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300
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3.9700
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4/6/17
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Common Stock
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5,700
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3.9538
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4/7/17
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Common Stock
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3,400
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3.9488
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4/10/17
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Common Stock
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2,600
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3.9300
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4/11/17
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Common Stock
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2,500
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3.9098
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4/12/17
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Common Stock
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3,000
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3.8900
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4/13/17
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Common Stock
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4,220
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3.8664
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4/18/17
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Common Stock
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500
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3.8500
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4/27/17
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Common Stock
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15,000
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4.1757
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4/27/17
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Common Stock
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8,700
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4.1698
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4/27/17
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Common Stock
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1,500
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4.1587
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