<SEC-DOCUMENT>0001091818-14-000236.txt : 20140820
<SEC-HEADER>0001091818-14-000236.hdr.sgml : 20140820
<ACCEPTANCE-DATETIME>20140820151128
ACCESSION NUMBER:		0001091818-14-000236
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140820
DATE AS OF CHANGE:		20140820

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAND CAPITAL CORP
		CENTRAL INDEX KEY:			0000081955
		IRS NUMBER:				160961359
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-31369
		FILM NUMBER:		141054765

	BUSINESS ADDRESS:	
		STREET 1:		2200 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203
		BUSINESS PHONE:		7168530802

	MAIL ADDRESS:	
		STREET 1:		2200 RAND BUILDING
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14203

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAM Capital Partners Management, LLC
		CENTRAL INDEX KEY:			0001602116
		IRS NUMBER:				271635542

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		16 BOARDWALK PLAZA
		CITY:			ST. SIMONS ISLAND
		STATE:			GA
		ZIP:			31522
		BUSINESS PHONE:		912.399.7570

	MAIL ADDRESS:	
		STREET 1:		16 BOARDWALK PLAZA
		CITY:			ST. SIMONS ISLAND
		STATE:			GA
		ZIP:			31522
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>jamc0820201413da.htm
<DESCRIPTION>BENEFICAL OWNERSHIP REPORT-AMENDED
<TEXT>

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<P style="margin:0pt; font-size:10pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; font-size:10pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; font-size:10pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="line-height:15.5pt; margin:0pt; font-size:13.5pt" align=center><B>SCHEDULE 13D</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center>Under the Securities Exchange Act of 1934</P>
<P style="line-height:13pt; margin:0pt; font-size:11pt" align=center><B>(Amendment No. 1)*</B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>Rand Capital Corporation</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Name of Issuer)</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>Common Stock, $0.10 par value </U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Title of Class of Securities))</P>
<P style="margin:0pt">&nbsp;</P>
<P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B><U>752185108</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(CUSIP Number)</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><FONT FACE="Times New Roman Bold"><B>JAM Capital Partners Management, LLC</B></FONT></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B>Attn: Cliff Orr</B></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B>16 Boardwalk Plaza</B></P>
<P style="margin:0pt; font-family:Times New Roman Bold; font-size:10pt" align=center><B><U>St. Simons Island, GA 31522</U></B></P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><FONT FACE="Times New Roman">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</FONT></P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=center><B><U>August 19, 2014</U></B></P>
<P style="margin:0pt; font-size:10pt" align=center>(Date of Event which Requires Filing of this Statement)</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="line-height:normal; margin:0pt; font-size:10pt">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 &#167;&#167;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <FONT FACE="Wingdings">&#168;</FONT></P>
<P style="margin:0pt"><BR>
<B>Note:</B> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167;&nbsp;240.13d-7 for other parties to whom copies are to be sent.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt">* The remainder of this cover page shall be filled out for a reporting person&#146;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.</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt">The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) 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).</P>
<P style="margin:0pt"><BR></P>
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<TABLE align="center" cellspacing=0 style="font-size:12pt">
  <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
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<TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt"><FONT FACE="Times New Roman" COLOR=#000000>CUSIP No. 752185108</FONT></P>
</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
</TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
</TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 1 of 4 Pages</P>
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</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
</TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
</TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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<P style="margin:0pt"><BR>
  <BR>
</P>
<P style="margin:0pt"><BR></P>
<P align="center" style="margin:0pt"><BR></P>
<div align="center">
  <TABLE style="font-size:12pt" cellspacing=0>
    <TR><TD width=126.9></TD><TD width=351.9></TD></TR>
    <TR><TD style="border:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">1.&nbsp;&nbsp;Names of Reporting Persons.</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>&nbsp;JAM Capital Partners Management, LLC</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">2.&nbsp;&nbsp;Check the Appropriate Box if a Member of a Group</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">(a) <FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">(b) <FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">3.&nbsp;&nbsp;SEC Use Only</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">4.&nbsp;&nbsp;Source of Funds</P>
    <P style="margin:0pt; font-size:10pt"><B>OO</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">5.&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Wingdings; font-size:10pt"><FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><FONT FACE="Times New Roman">6.&nbsp;&nbsp;Citizenship or Place of Organization </FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>Delaware</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=169.2 rowspan=11><P style="margin:0pt"><BR></P>
    <P style="margin:0pt"><BR></P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Number of Shares</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Beneficially</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Owned by</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Each Reporting</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;&nbsp;Person With:</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;</P>
    <P style="margin:0pt; font-size:10pt">&nbsp;</P>
    </TD><TD style="border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">7.&nbsp;&nbsp;Sole Voting Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>1,238,692</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">8.&nbsp;&nbsp;Shared Voting Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">9.&nbsp;&nbsp;Sole Dispositive Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>1,238,692</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt">10.&nbsp;&nbsp;Shared Dispositive Power</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=469.2><P style="margin:0pt; font-size:10pt"><B>0</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2>&nbsp;</TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-top:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">11.&nbsp;&nbsp;Aggregate Amount Beneficially Owned by Each Reporting Person</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>1,238,692</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">12.&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-family:Wingdings; font-size:10pt"><FONT FACE="Wingdings">o</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><FONT FACE="Times New Roman">13.&nbsp;&nbsp;Percent of Class Represented by Amount in Row (11)</FONT></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt"><B>19.3%</B></P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt; font-size:10pt">14.&nbsp;&nbsp;Type of Reporting Person</P>
    </TD></TR>
    <TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=top width=638.4 colspan=2><P style="margin:0pt"><BR></P>
    <P style="margin:0pt; font-size:10pt"><B>IA</B></P>
    </TD></TR>
  </TABLE>
</div>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; font-size:10pt" align=justify>Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission dated March 17, 2014 (the &#8220;Schedule 13D&#8221;), with respect to the Common Stock, $0.10 par value (the &#147;Common Stock&#148;), of Rand Capital Corporation, a New York corporation (the &#147;Corporation&#148;). Capitalized terms not otherwise defined herein are used as defined in the Schedule 13D. The Reporting Person hereby amends and supplements the Schedule 13D as follows.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify><B>ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>Item 3 is hereby amended and restated in its entirety to read as follows:</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>The aggregate purchase price of the 1,238,692 shares of Common Stock beneficially owned by the Reporting Person is approximately $4,085,454, including brokerage commissions, which was funded by the Reporting Person client funds for which the Reporting Person acts as an investment advisor pursuant to an investment management agreement between the Reporting Person client and the Reporting Person (the &#147;Investment Agreement&#148;). &nbsp;The Shares are held in a separately managed account, which may utilize margin credit from time to time, subject to applicable federal margin regulations, stock exchange rules and credit policies. In such instances, the positions held in the margin account are pledged as collateral security for the repayment of debit balances in the account. The margin account bears interest at a rate based upon the broker's call rate from time to time in effect. Because other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Stock reported herein.</P>
<P style="margin:0pt; font-size:10pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center>&nbsp;</P>
<div align="center">
  <TABLE style="font-size:12pt; page-break-before:always" cellspacing=0>
    <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
    <TR><TD width=238.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD></TR>
    <TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt">CUSIP No. 752185108</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 2 of 4 Pages</P>
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    <TR><TD valign=bottom width=238.267><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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  </div>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; font-size:10pt" align=justify><B>ITEM 5. INTEREST IN SECURITIES OF THE ISSUER</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>Item 5(a) and 5(c) are hereby amended and restated in its entirety to read as follows:</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>(a) As of the date of this filing, the Reporting Persons beneficially own 1,238,692 shares (the &#147;Shares&#148;), or approximately 19.3% of the outstanding Common Stock of the Corporation (calculated based on information included in the Form 10-Q filed by the Corporation for the quarterly period ended June 30, 2014, which reported that 6,411,892 shares of Common Stock were outstanding as of July 31, 2014).</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; font-size:10pt" align=justify>(c) See attached <U>Schedule 1</U>.</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; font-size:10pt" align=center><B>SIGNATURE</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:36pt; font-size:10pt" align=justify>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.</P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-size:10pt" align=justify>Date: August 20, 2014</P>
<P style="margin:0pt; text-indent:252pt; font-size:10pt" align=justify><B>JAM CAPITAL PARTNERS MANAGEMENT LLC</B></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>By: <U>/s/ Cliff Orr</U></P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>Name: Cliff Orr</P>
<P style="margin:0pt; text-indent:288pt; font-size:10pt" align=justify>Its: Managing Director &amp; Portfolio Manager</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=center><BR></P>
<div align="center">
  <TABLE style="font-size:12pt; page-break-before:always" cellspacing=0>
    <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
    <TR><TD width=238.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD></TR>
    <TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt">CUSIP No. 752185108</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 3 of 4 Pages</P>
    </TD></TR>
    <TR><TD valign=bottom width=238.267><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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<P style="margin:0pt"></P>



<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify>&nbsp;</P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt; font-size:10pt" align=center><B>SCHEDULE 1</B></P>
<P style="margin:0pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt"><B>Shares Acquired or Sold by the Reporting Persons in the Last 60 Days or Since Their Most Recent Schedule 13D Filing:</B></P>
<P style="margin:0pt; font-size:10pt">&nbsp;</P>
<P style="margin:0pt; font-size:10pt">Unless otherwise indicated, all transactions were effected on the open market.</P>
<P style="margin:0pt; font-size:10pt">&nbsp;</P>
<TABLE style="font-size:12pt" cellspacing=0><TR><TD width=101.95></TD><TD width=141.55></TD><TD width=141.55></TD><TD width=141.55></TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-top:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt">&nbsp;</P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733 rowspan=2><P style="margin:0pt; font-size:10pt" align=center>Nature of Transaction (Purchase/Sale)</P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt">&nbsp;</P>
</TD><TD style="border-top:0.5pt solid #000000; border-right:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt">&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>Trade Date</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Number of Shares</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="line-height:normal; margin:0pt; font-size:10pt" align=center>Price Per Share&nbsp;<SMALL>(1)</SMALL></P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>6/20/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>10,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$3.2463</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>7/23/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>20,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$3.1000</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>7/24/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>4,415</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$3.1000</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>8/18/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>15,600</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$2.9991</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>8/19/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>400,000</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$3.0200</P>
</TD></TR>
<TR><TD style="border-left:0.5pt solid #000000; border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=135.933><P style="margin:0pt; font-size:10pt" align=center>8/20/2014</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>Purchase</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>36,500</P>
</TD><TD style="border-right:0.5pt solid #000000; border-bottom:0.5pt solid #000000" valign=bottom width=188.733><P style="margin:0pt; font-size:10pt" align=center>$3.0262</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-size:10pt">&nbsp;&nbsp;</P>
<P style="line-height:normal; margin:0pt; font-size:7pt">(1)<BIG>&nbsp;Not including any brokerage fees.&nbsp;</BIG></P>
<P style="margin:0pt" align=justify><BR></P>
<P style="margin:0pt" align=center><BR>
<BR></P>
<div align="center">
  <TABLE style="font-size:12pt; page-break-before:always" cellspacing=0>
    <TR><TD width=178.7></TD><TD width=5.25></TD><TD width=168.2></TD><TD width=5.25></TD><TD width=168.2></TD></TR>
    <TR><TD width=238.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD><TD width=7>&nbsp;</TD><TD width=224.267>&nbsp;</TD></TR>
    <TR><TD valign=bottom width=238.267><P style="line-height:11pt; margin:0pt; font-size:9pt">CUSIP No. 752185108</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center>13D</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=top width=224.267><P style="line-height:normal; margin-top:3.55pt; margin-bottom:2.15pt; text-indent:92pt; font-size:9.5pt">Page 4 of 4 Pages</P>
    </TD></TR>
    <TR><TD valign=bottom width=238.267><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD><TD valign=bottom width=7><P style="margin:0pt; font-size:9pt">&nbsp;</P>
    </TD><TD valign=bottom width=224.267>&nbsp;</TD></TR>
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