KIT digital, Inc.
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(Name of Issuer)
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Common Stock, $0.0001 par value
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(Title of Class of Securities)
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482470200
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(CUSIP Number)
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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April 18, 2012
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(Date of Event which Requires Filing of this Statement)
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1.
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NAME OF REPORTING PERSON
Costa Brava Partnership III L.P.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 04-3387028
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7.
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SOLE VOTING POWER
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2,245,000
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8.
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SHARED VOTING POWER
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-0-
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9.
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SOLE DISPOSITIVE POWER
|
2,245,000
|
||
10.
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SHARED DISPOSITIVE POWER
|
-0-
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
2,245,000
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12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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4.7%*
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14.
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TYPE OF REPORTING PERSON
PN
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1.
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NAME OF REPORTING PERSON
Roark, Rearden & Hamot, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 10-0000708
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2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
|
|||
3.
|
SEC USE ONLY
|
|||
4.
|
SOURCE OF FUNDS
WC
|
|||
5.
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
|
|||
6.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7.
|
SOLE VOTING POWER
|
2,245,000*
|
|
8.
|
SHARED VOTING POWER
|
-0-
|
||
9.
|
SOLE DISPOSITIVE POWER
|
2,245,000*
|
||
10.
|
SHARED DISPOSITIVE POWER
|
-0-
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
2,245,000*
|
|||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
4.7%**
|
||
14.
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TYPE OF REPORTING PERSON
OO
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1.
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NAME OF REPORTING PERSON
Seth W. Hamot
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2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
|
|||
3.
|
SEC USE ONLY
|
|||
4.
|
SOURCE OF FUNDS
WC
|
|||
5.
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
|
|||
6.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
7.
|
SOLE VOTING POWER
|
2,371,000*
|
|
8.
|
SHARED VOTING POWER
|
-0-
|
||
9.
|
SOLE DISPOSITIVE POWER
|
2,371,000*
|
||
10.
|
SHARED DISPOSITIVE POWER
|
-0-
|
||
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
2,371,000*
|
|||
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
|
|||
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
5.0%**
|
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14.
|
TYPE OF REPORTING PERSON
IN, HC
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Item 1.
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Security and Issuer
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Item 2.
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Identity and Background
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Item 3.
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Source and Amount of Funds
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Item 4.
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Purpose of Transaction
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Item 5.
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Interest in Securities of Issuer
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(a)
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The information requested by this paragraph is incorporated herein by reference to the information provided on the cover pages to this Schedule 13D.
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(b)
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The Reporting Persons have the sole power to vote and sole power to dispose of the shares of Common Stock to which this Statement relates.
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(c)
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Costa Brava has purchased Common Stock in open market transactions in the last 60 days as follows:
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Date
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Number of Shares
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Price per Share
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March 1, 2012
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25,000
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$9.91
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March 2, 2012
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40,000
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$9.84
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March 7, 2012
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15,000
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$9.14
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March 18, 2012
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35,000
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$9.23
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March 12, 2012
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2,700
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$9.03
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March 13, 2012
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1,500
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$8.93
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March 16, 2012
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50,000
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$9.00
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March 16, 2012
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50,000
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$8.77
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March 20, 2012
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50,000
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$8.51
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March 20, 2012
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50,000
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$8.49
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March 21, 2012
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50,000
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$8.43
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March 21, 2012
|
50,000
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$8.54
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March 22, 2012
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25,000
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$8.45
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March 22, 2012
|
50,000
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$8.20
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March 23, 2012
|
100,000
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$6.23
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March 26, 2012
|
100,000
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$6.70
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March 26, 2012
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100,000
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$6.72
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March 27, 2012
|
70,800
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$6.85
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March 27, 2012
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100,000
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$6.93
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April 9, 2012
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25,000
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$6.89
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April 9, 2012
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25,000
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$6.95
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April 16, 2012
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50,000
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$7.17
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April 17, 2012
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75,000
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$7.41
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April 17, 2012
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50,000
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$7.69
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April 18, 2012
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20,000
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$7.60
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(d)
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Not applicable.
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(e)
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Not applicable.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
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Item 7.
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Materials to be Filed as Exhibits
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COSTA BRAVA PARTNERSHIP III L.P.
|
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By:
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Roark, Rearden & Hamot, LLC, its General Partner
|
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By:
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/s/ Seth W. Hamot
|
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Name: Seth W. Hamot
Title: President
|
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ROARK, REARDEN & HAMOT, LLC
|
||
By:
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/s/ Seth W. Hamot
|
|
Name: Seth W. Hamot
Title: President
|
||
SETH W. HAMOT
|
||
By:
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/s/ Seth W. Hamot
|
COSTA BRAVA PARTNERSHIP III L.P.
|
||
By:
|
Roark, Rearden & Hamot, LLC, its General Partner
|
|
By:
|
/s/ Seth W. Hamot
|
|
Name: Seth W. Hamot
Title: President
|
||
ROARK, REARDEN & HAMOT, LLC
|
||
By:
|
/s/ Seth W. Hamot
|
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Name: Seth W. Hamot
Title: President
|
||
SETH W. HAMOT
|
||
By:
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/s/ Seth W. Hamot
|