The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLIANCE FIBER OPTIC PRODUCTS COM 018680108 1,372 74,097 SH   SOLE   74,097 0 0
ALLOT COMMUNICATIONS, LTD. COM IL0010996 2,252 457,658 SH   SOLE   457,658 0 0
APPLIED OPTOELECTRONICS INC COM 03823U102 1,967 176,384 SH   SOLE   176,384 0 0
BOINGO WIRELESS INC COM 09739C102 4,340 486,603 SH   SOLE   486,603 0 0
CALLIDUS SOFTWARE COM 13123E500 963 48,200 SH   SOLE   48,200 0 0
CHEGG, INC. COM 163092109 1,429 285,762 SH   SOLE   285,762 0 0
DIGITAL TURBINE, INC COM 25400W102 1,426 1,332,320 SH   SOLE   1,332,320 0 0
EXAR CORP COM 300645108 254 31,559 SH   SOLE   31,559 0 0
FIVE9 INC COM 338307101 1,691 142,114 SH   SOLE   142,114 0 0
GREAT ELM CAPITAL GROUP COM 39036P100 594 90,192 SH   SOLE   90,192 0 0
GSE SYSTEMS INC COM 36227K106 2,568 1,151,419 SH   SOLE   1,151,419 0 0
GTT COMMUNICATIONS COM 362393100 3,522 190,577 SH   SOLE   190,577 0 0
IDEAL POWER COM 451622104 2,892 586,704 SH   SOLE   586,704 0 0
INCONTACT INC COM 45336E109 3,540 255,603 SH   SOLE   255,603 0 0
INPHI CORP COM 45772F107 11,171 348,774 SH   SOLE   348,774 0 0
INTER-NAP NETWORK COM 45885A300 455 220,870 SH   SOLE   220,870 0 0
INTEVAC INC COM 461148108 1,153 202,976 SH   SOLE   202,976 0 0
KRATOS DEFENSE & SECURITY SOLU COM 50077B207 5,585 1,362,238 SH   SOLE   1,362,238 0 0
LRAD CORP. COM 50213V109 505 282,066 SH   SOLE   282,066 0 0
LUMOS NETWORKS CORP COM 550283105 3,543 292,835 SH   SOLE   292,835 0 0
LIFELOCK INC. COM 53224V100 4,982 315,100 SH   SOLE   315,100 0 0
MARCHEX INC COM 56624R108 2,825 888,335 SH   SOLE   888,335 0 0
MATTERSIGHT CORPORATION COM 577097108 1,271 328,427 SH   SOLE   328,427 0 0
MATTERSIGHT CORPORATION PIPE COM 577097108 387 100,000 SH   SOLE   100,000 0 0
MOSYS INC COM 619718109 168 415,100 SH   SOLE   415,100 0 0
NANOMETRICS INC COM 630077105 2,206 106,127 SH   SOLE   106,127 0 0
NV5 HOLDINGS COM 62945V109 4,277 150,400 SH   SOLE   150,400 0 0
02 MICRO INTERNATIONAL ADR 67107W100 828 538,550 SH   SOLE   538,550 0 0
OCLARO UNC. COM 67555N206 293 60,000 SH   SOLE   60,000 0 0
PLANET PAYMENT INC COM Y72603118 2,399 534,380 SH   SOLE   534,380 0 0
POWER SOLUTIONS INT'L COM 74437C101 2,665 149,283 SH   SOLE   149,283 0 0
QUANTUM CORP-DLT & STORAGE SYS COM 747906204 537 1,278,418 SH   SOLE   1,278,418 0 0
RINGCENTRAL INC COM 76680R206 1,311 66,500 SH   SOLE   66,500 0 0
SHORETEL INC COM 825211105 1,255 187,594 SH   SOLE   187,594 0 0
SCIQUEST INC COM 80908T101 3,312 187,542 SH   SOLE   187,542 0 0
TECHTARGET INC COM 87874R100 1,258 155,306 SH   SOLE   155,306 0 0
TOWER SEMICONDUCTOR LTD COM M87915100 2,082 167,600 SH   SOLE   167,600 0 0
TREMOR VIDEO INC. COM 89484Q100 290 157,457 SH   SOLE   157,457 0 0
TREE.COM INC COM 894675107 6,016 68,105 SH   SOLE   68,105 0 0
ULTRA CLEAN HLDGS INC COM 90385V107 3,084 541,930 SH   SOLE   541,930 0 0
VEECO INSTRS INC DEL COM 922417100 566 34,200 SH   SOLE   34,200 0 0
VIOLIN MEMORY INC COM 92763A101 272 296,000 SH   SOLE   296,000 0 0
WEB.COM GROUP INC COM 94733A104 1,820 100,115 SH   SOLE   100,115 0 0
ZENITH EPIGENETICS PRIVATE 000000000 0 300,500 SH   SOLE   300,500 0 0
ELOYALTY CORP. SERIES B CONV PF CVPF 290152990 87 22,475 SH   SOLE   22,475 0 0
RESVERLOGIX CORP WTS 06/14/16 WNT 76128M165 0 152,750 SH   SOLE   152,750 0 0
ZENITH EPIGENETICS WTS 6/14/16 WNT 989353115 0 152,750 SH   SOLE   152,750 0 0