13D Filing: Avi Partners, LLC and Yume Inc (YUME)

UNITED STATES

SECURITIES AND EXCHANGE
COMMISSION

Washington, D.C.
20549

SCHEDULE 13D/A

(Rule 13d-101)

INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)

(Amendment
No. 9)¹

YuMe, Inc.
(Name of Issuer)

Common Stock, $0.001
par value per share
(Title of Class of Securities)

98872B104
(CUSIP Number)

DARREN C. WALLIS
AVI PARTNERS, LLC
555 E. Lancaster Avenue
Suite 520
Radnor, Pennsylvania 19087
(610) 816-6660
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

September 4, 2017
(Date of Event Which Requires Filing of This Statement)

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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

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.

_______________

1
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.

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).

The following constitutes Amendment No.
9 to the Schedule 13D filed by the undersigned (“Amendment No. 9”).  This Amendment No. 9 amends the Schedule
13D as specifically set forth herein.

Item 3 is hereby amended and restated to
read as follows:

The Shares purchased by each of AVI Yankee
and AVI LP and held in the AVI Managed Account were purchased with working capital (which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business) in open market purchases.

The aggregate purchase price of the 3,003,560
Shares owned directly by AVI Yankee is approximately $15,695,482, excluding brokerage commissions. The aggregate purchase price
of the 39,102 Shares owned directly by AVI LP is approximately $246,377, excluding brokerage commissions.

Item 4 is hereby amended to add the following:

On September 4, 2017, AVI Yankee, AVI LP,
AVI Management, AVI Partners, James A. Dunn Jr. and Darren C. Wallis entered into a Tender
and Support Agreement (the “Support Agreement”) with RhythmOne, plc (“RhythmOne”), Redwood Merger Sub I,
Inc. (“Purchaser”), Redwood Merger Sub II, Inc. (“Merger Sub II”) and certain other parties thereto in
connection with a proposed exchange offer (the “Offer”) by Purchaser to acquire all of the outstanding Shares of the
Issuer pursuant to the terms of an Agreement and Plan of Merger and Reorganization by and among RhythmOne, Purchaser, Merger Sub
II and the Issuer, dated as of September 4, 2017 (the “Merger Agreement”). Under the Support Agreement, the Reporting
Persons (subject to certain exceptions) agreed to not sell or dispose of their Shares except to participate in the Offer and to
tender their Shares within ten business days of the commencement of the Offer, and that, for a period of six months after the “Effective
Time” (as defined in the Merger Agreement), they will not sell any shares of RhythmOne received pursuant to the Offer or
engage in any short selling of such shares. The Reporting Persons also agreed pursuant to the Support Agreement to, during the
term of the Support Agreement, vote all Shares they are entitled to vote that have not been purchased in the Offer (i) against
any action, proposal, transaction or agreement that would reasonably be expected to (A) result in a breach of any covenant, representation
or warranty or any other obligation or agreement of the Company contained in the Merger Agreement, or of any Stockholder contained
in this Agreement or (B) result in any of the conditions set forth in Annex A of the Merger Agreement not being satisfied on or
before the Outside Date (as defined in the Merger Agreement); (ii) against any agreement or arrangement related to or in furtherance
of any takeover proposal; (iii) against any other action, agreement or transaction the consummation of which would reasonably be
expected to materially impede, materially interfere with, or materially delay consummation of the Transactions (as defined in the
Merger Agreement) by the Issuer (including the Offer or the Merger), including (x) any extraordinary corporate transaction, such
as a merger, acquisition, sale, consolidation or other business combination involving the Issuer (other than the Merger); (y) a
sale, lease, license or transfer of a material amount of assets of the Issuer or any reorganization, recapitalization, extraordinary
dividend or liquidation of the Issuer; or (z) any change in the present capitalization of the Issuer or any amendment or other
change to the Issuer’s certificate of incorporation or bylaws, in the case of each of clauses (x), (y) and (z), solely to
the extent the Issuer is prohibited from taking such action pursuant to the Merger Agreement); and (iv) in favor of (A) the adoption
and approval of the Merger Agreement and the transactions contemplated thereunder, (B) any proposal to adjourn or postpone the
meeting to a later date, if there are not sufficient votes for the adoption and approval of the Merger Agreement and the transactions
contemplated thereby on the date on which such meeting is held, and (C) any other matter necessary for consummation of the Transactions,
which is considered at any such meeting of stockholders. The Support Agreement terminates upon the first to occur of (a) the Effective
Time, (b) the date the Offer is terminated or the Expiration Date has occurred or the Merger Agreement is terminated pursuant to
its terms or (c) the mutual written consent of RhythmOne and the Reporting Persons.

The descriptions of the Support Agreement
above is qualified in its entirety by reference to the full text of the agreement, which is referred to herein as Exhibit 4 and
are incorporated herein by reference to Exhibit 99.1 of the Issuer’s Current Report
on Form 8-K filed on September 5, 2017.

Items 5(a)-(c) are hereby amended and restated
to read as follows:

The aggregate percentage of Shares reported
owned by each person named herein is based upon 34,538,221 Shares outstanding, as of July 31, 2017, which is the total number
of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission
on August 8, 2017.

Each Reporting Person, as a member of a
“group” with the other Reporting Persons for the purposes of
Section 13(d)(3) of the Securities Exchange Act of 1934,
as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person
disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Item 6 is hereby amended to add the following:

On September 4, 2017, AVI Yankee, AVI LP,
AVI Management, AVI Partners, James A. Dunn Jr. and Darren C. Wallis entered into
the Support Agreement defined and described in Item 4 above and incorporated by reference via Exhibit 4 hereto.

Item
7 is hereby amended to add the following exhibits:

SIGNATURES

After reasonable inquiry and to the best
of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete
and correct.

SCHEDULE A

Transactions
in the Shares during the Past 60 Days

AVI PARTNERS
(VIA AVI MANAGED ACCOUNT)