* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
Person Signing this Report on Behalf of Reporting Manager:
Name
Title
City, State
Date
Charles Frumberg
Managing Member
New York, New York
2/12/2016
THIS 13F REPORT IS AN AGGRGATE FILING FOR EMANCIPATION MANAGEMENT LLC (EMANCIPATION) AND CIRCLE N ADVISORS, LLC ("CIRCLE N), BOTH OF WHICH ARE UNDER COMMON CONTROL OF MR. CHARLES FRUMBERG. ON JUNE 26, 2015, CIRCLE N ACQUIRED SUBSTANTIALLY ALL OF THE BUSINESS ASSETS OF NSB ADVISORS LLC (NSB). HOLDINGS FORMERLY REPORTED BY NSB ARE NOW BEING REPORTED ON THIS 13F REPORT BY EMANCIPATION.
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