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Filing Details

Accession Number:: 0001104659-12-022783
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-03-30 15:11:36
Reporting Period:: 2012-03-28

Filing Date:: 2012-03-30
Accepted Time:: 2012-03-30 14:11:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1042173	Scientific Learning Corp	SCIL	Services-Educational Services (8200)	943234458

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
905558	Trigran Investments Lp	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No
1315014	Trigran Investments Lp Ii	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No
1336800	Trigran Investments, Inc.	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No
1361700	Douglas Granat	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No
1361701	A Lawrence Oberman	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No
1409828	G. Steven Simon	630 Dundee Road, Suite 230 Northbrook IL 60062	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-03-28	436,300	$0.00	3,757,063	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2012-03-28	257,340	$0.00	2,069,132	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant (right to buy)	Acquisiton	2012-03-28	261,780	$0.00	261,780	$1.82
Common Stock	Warrant (right to buy)	Acquisiton	2012-03-28	154,404	$0.00	154,404	$1.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
261,780	2012-03-28	2017-03-28	No	4	P	Indirect
154,404	2012-03-28	2017-03-28	No	4	P	Indirect

Footnotes

Trigran Investments, L.P. acquired 436,300 units on March 28, 2012, at a price of $1.73 per unit. Each unit consists of one share of common stock and one warrant to purchase 0.6 shares of common stock.
Trigran Investments, L.P. II acquired 257,340 units on March 28, 2012, at a price of $1.73 per unit. Each unit consists of one share of common stock and one warrant to purchase 0.6 shares of common stock.
The reported securities are included in the 436,300 units purchased by the reporting person for $1.73 per unit.
The reported securities are included in the 257,340 units purchased by the reporting person for $1.73 per unit.
The Common Stock is held as follows: 3,757,063 shares held by Trigran Investments, L.P. and 2,069,132 shares held by Trigran Investments, L.P. II after the purchases identified in this report. Douglas Granat, Lawrence A. Oberman and Steven G. Simon are controlling shareholders and directors of Trigran Investments, Inc. Trigran Investments, Inc. is the general partner of Trigran Investments, L.P. and Trigran Investments, L.P. II. Each reporting person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein. Each reporting person has the same address listed above for Trigran Investments, Inc., the designated filer.
The Warrants are held as follows: 261,780 Warrants held by Trigran Investments, L.P. and 154,404 Warrants held by Trigran Investments, L.P. II after the purchases identified in this report. Douglas Granat, Lawrence A. Oberman and Steven G. Simon are controlling shareholders and directors of Trigran Investments, Inc. Trigran Investments, Inc. is the general partner of Trigran Investments, L.P. and Trigran Investments, L.P. II. Each reporting person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest therein. Each reporting person has the same address listed above for Trigran Investments, Inc., the designated filer.