Is Rosetta Stone Inc (RST) A Value Trap?

Names of
reporting persons.

I.R.S. Identification Nos. of above persons (entities only).

Osmium Partners, LLC

Check the appropriate box if a member
of a group (see instructions)

(a)  ¨        (b)  x

SEC use only

Citizenship or place of
organization

    Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with:

Sole voting power

    0

Shared voting power

    1,937,103

Sole dispositive power

    0

Shared dispositive power

    1,937,103

Aggregate amount beneficially owned by each reporting person

    1,937,103

Check if the aggregate amount in Row
(9) excludes certain shares (see instructions)    ¨

Percent of class represented by amount
in Row (9)

    8.9%

Type of reporting person (see
instructions)

    IA, OO