Steven Baughman and Divisar Capital’s First Activist Target: Telenav Inc. (TNAV)

Page 6 of 8 – SEC Filing

CUSIP No. 879455103

13D

Page 6 of 8 Pages

Item 5.

Interest in Securities of the Issuer:

(a), (b)

The calculations below are based on 45,540,687 shares of Common Stock being outstanding as of December 31, 2018 per the 10-Q filed by the Issuer with the SEC on February 8, 2019. The foregoing calculation is made pursuant to Rule l3d-3 promulgated under the Securities Act of 1933, as amended to date. Each of the Reporting Persons may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) these shares and may be deemed to be the beneficial owner of the shares listed below, for purposes of this Schedule 13D.

Reporting Person		Amount of Securities Beneficially Owned		Percentage of Class		Sole Power to Vote or Direct the Vote		Shared Power to Vote or Direct the Vote		Sole Power to Dispose or to Direct the Disposition		Shared Power to Dispose or to Direct the Disposition
Divisar Partners QP, LP		3,579,700		7.9%		–		3,579,700		–		3,579,700
Divisar Capital Management, LLC		3,909,592		8.6%		–		3,909,592		–		3,909,592
Mr. Steven Baughman		3,909,592		8.6%		–		3,909,592		–		3,909,592

(c)

The following table sets forth all transactions in the Common Stock effected in the last sixty days. All such transactions were effected by DIVISAR on behalf of DIVISAR LP in the open market through brokers and the price per share is net of commissions.

Trade Date	Shares Purchased	Price Per Share ($)
01/02/2019	16,030	$4.08
01/03/2019	903	$4.11

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer:

The responses set forth in Items 3 and 4 of this Schedule 13D are hereby incorporated by reference. Except as described in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 of this Schedule 13D or between such persons and any other person with respect to any securities of the Issuer.

Item 7.

Material to Be Filed as Exhibits:

Exhibit A – Joint Filing Agreement, dated as of February 20, 2019, among the Reporting Persons, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

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