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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2*)
YP Corp.
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(Name of Issuer)
Common Stock, $0.001 Par Value
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(Title of Class of Securities)
987824109
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
CUSIP No.: 987824109 13G Page 2 of 8 Pages
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1. Names of Reporting Persons: Seth W. Hamot
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization: A United States citizen
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Number of 5. Sole Voting Power: -0-
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned by --------------------------------------------------------
Each Reporting 7. Sole Dispositive Power: -0-
Person With --------------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):______
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11. Percent of Class Represented by Amount in Row (9): 0.0%
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12. Type of Reporting Person (See Instructions): IN, HC
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CUSIP No.: 987824109 13G Page 3 of 8 Pages
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1. Names of Reporting Persons: Costa Brava Partnership III L.P.
I.R.S. Identification Nos. of above persons (entities only): 04-3387028
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization: A Delaware limited partnership
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Number of 5. Sole Voting Power: -0-
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned by --------------------------------------------------------
Each Reporting 7. Sole Dispositive Power: -0-
Person With --------------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):______
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11. Percent of Class Represented by Amount in Row (9): 0.0%
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12. Type of Reporting Person (See Instructions): PN
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CUSIP No.: 987824109 13G Page 4 of 8 Pages
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1. Names of Reporting Persons: Roark, Rearden & Hamot, LLC
I.R.S. Identification Nos. of above persons (entities only): 10-0000708
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization: A Delaware limited liability company
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Number of 5. Sole Voting Power: -0-
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned by --------------------------------------------------------
Each Reporting 7. Sole Dispositive Power: -0-
Person With --------------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):______
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11. Percent of Class Represented by Amount in Row (9): 0.0%
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12. Type of Reporting Person (See Instructions): OO - Other
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Item 1.
(a) Name of Issuer:
YP Corp. (the "Issuer").
(b) Address of Issuer's Principal Executive Offices:
4840 East Jasmine Street, Suite 105
Mesa, AZ 85205
Item 2.
(a) Name of Person Filing:
Seth W. Hamot is the president of Roark, Rearden & Hamot, LLC,
which is the general partner of Costa Brava Partnership III L.P. Each
of the parties listed in the immediately preceding sentence is referred
to individually as a "Reporting Person" and collectively as the
"Reporting Persons." All of the shares of Common Stock, $0.001 par
value that were beneficially owned by the Reporting Persons were held
by Costa Brava Partnership III L.P.
(b) Address of Principal Business Office or, if None, Residence:
The principal business address of each of Seth W. Hamot,
Roark, Rearden & Hamot, LLC and Costa Brava Partnership III L.P. is 420
Boylston Street, Boston, MA 02116.
(c) Citizenship:
Seth W. Hamot is a United States citizen. Costa Brava
Partnership III L.P. is a Delaware limited partnership. Roark, Rearden
& Hamot, LLC is a Delaware limited liability company.
(d) Title of Class of Securities:
Common Stock, $0.001 par value
(e) CUSIP Number:
987824109
Page 5 of 8 Pages
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d- 1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with ss. 240.13d- 1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Not Applicable.
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) through (c):
The information requested hereunder is set forth in Items 5 through 9
and 11 of the cover pages to this Amendment No. 1 to Schedule 13G.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company or Control
Person.
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Page 6 of 8 Pages
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Inasmuch as the reporting persons are no longer the beneficial owners of more
than five percent of the number of shares outstanding, the reporting persons
have no further reporting obligations under Section 13(d) of the Securities and
Exchange Commission's Rules thereunder, and the reporting persons have no
obligation to amend this Statement if any material change occurs in the facts
set forth herein. By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
The Reporting Persons have agreed that this Schedule may be filed by Seth W.
Hamot on behalf of all of them jointly pursuant to Rule 13d-1(k)(1). A copy of
such agreement is attached as an Exhibit to this Schedule.
Page 7 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
February 14, 2007
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Date
/s/ SETH W. HAMOT
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Signature
Seth W. Hamot
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Name/Title
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
Page 8 of 8 Pages
EXHIBIT INDEX
Exhibit 1 Agreement Regarding the Joint Filing of Schedule 13G
Exhibit 1
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AGREEMENT REGARDING
THE JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which this
Exhibit is attached, and such Schedule 13G is filed on behalf of each of them;
and
(ii) Each of them is responsible for the timely filing of such Schedule 13G and
any amendments thereto, and for the completeness and accuracy of the information
concerning such person contained therein; but none of them is responsible for
the completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that such
information is inaccurate.
Dated: February 14, 2007
COSTA BRAVA PARTNERSHIP III L.P.
By: Roark, Rearden & Hamot, LLC, its
General Partner
By: /s/ SETH W. HAMOT
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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: /s/ SETH W. HAMOT
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Seth W. Hamot