Sec Form 4 Filing - Northern Right Capital Management, L.P. @ Fuel Systems Solutions, Inc. - 2015-11-02

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Northern Right Capital Management, L.P.
2. Issuer Name and Ticker or Trading Symbol
Fuel Systems Solutions, Inc. [ FSYS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 13D 10% Group
(Last) (First) (Middle)
500 CRESCENT COURT, SUITE 230,
3. Date of Earliest Transaction (MM/DD/YY)
11/02/2015
(Street)
DALLAS, TX75201
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/02/2015 J 136,255 D $ 0 20,228 I See footnotes ( 1 ) ( 5 ) ( 6 )
Common Stock 11/02/2015 J 20,228 D $ 0 0 I See footnotes ( 1 ) ( 5 ) ( 6 )
Common Stock 11/02/2015 J 750,497 D $ 0 618,939 I See footnotes ( 2 ) ( 5 ) ( 6 )
Common Stock 11/02/2015 J 20,228 A $ 0 639,167 I See footnotes ( 2 ) ( 5 ) ( 6 )
Common Stock 886,752 I See footnotes ( 3 ) ( 6 )
Common Stock 368,646 I See footnotes ( 4 ) ( 6 )
Common Stock 6,054 D ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Northern Right Capital Management, L.P.
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
Member of 13D 10% Group
Becker Steven R
C/O NORTHERN RIGHT CAPITAL MANAGEMENT, L
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
X Member of 13D 10% Group
Drapkin Matthew A
C/O NORTHERN RIGHT CAPITAL MANAGEMENT, L
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
Member of 13D 10% Group
Northern Right Capital (QP), L.P.
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
Member of 13D 10% Group
BECKER DRAPKIN PARTNERS, L.P.
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
Member of 13D 10% Group
BC Advisors LLC
500 CRESCENT COURT, SUITE 230
DALLAS, TX75201
Member of 13D 10% Group
Signatures
NORTHERN RIGHT CAPITAL MANAGEMENT, L.P., By: BC Advisors, LLC, its general partner, By: /s/ Matthew A. Drapkin., Name: Matthew A. Drapkin, Title: Authorized Signatory, By: /s/ Steven R. Becker, Name: Steve R. Becker, Title: Authorized Signatory 11/04/2015
Signature of Reporting Person Date
NORTHERN RIGHT CAPITAL (QP), L.P., By: Northern Right Capital Management, L.P., its general partner, By: BC Advisors, LLC, its general partner, By: /s/ Matthew A. Drapkin., Name: Matthew A. Drapkin, Title: Authorized Signatory 11/04/2015
Signature of Reporting Person Date
BECKER DRAPKIN PARTNERS, L.P., By: Northern Right Capital Management, L.P., its general partner, By: BC Advisors, LLC, its general partner, By: /s/ Matthew A. Drapkin., Name: Matthew A. Drapkin, Title: Authorized Signatory, By: /s/ Steven R. Becker, 11/04/2015
Signature of Reporting Person Date
BC ADVISORS, LLC, By: /s/ Matthew A. Drapkin., Name: Matthew A. Drapkin, Title: Authorized Signatory, By: /s/ Steven R. Becker, Name: Steve R. Becker, Title: Authorized Signatory 11/04/2015
Signature of Reporting Person Date
MATTHEW A. DRAPKIN, /s/ Matthew A. Drapkin. 11/04/2015
Signature of Reporting Person Date
STEVEN R. BECKER, /s/ Steven R. Becker 11/04/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents Common Stock of the Issuer directly held by Becker Drapkin Partners, L.P. ("Becker Drapkin, L.P.").
( 2 )Represents Common Stock of the Issuer directly held by Northern Right Capital (QP), L.P. (f/k/a Becker Drapkin Partners (QP), L.P.) ("NRC QP").
( 3 )Represents Common Stock of the Issuer directly held by Becker Drapkin Partners SLV, Ltd. ("BD SLV").
( 4 )Represents Common Stock of the Issuer directly held by a managed account on behalf of an investment advisory client (the "Managed Account") of Northern Right Capital Management, L.P. (f/k/a Becker Drapkin Management, L.P.) ("NRC Management").
( 5 )Pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, on November 2, 2015, as part of an internal restructuring of the entities managed by NRC Management, (i) NRC QP transferred 750,497 shares of Common Stock to BD SLV, (ii) Becker Drapkin, L.P. transferred 136,255 shares of Common Stock to BD SLV and (iii) Becker Drapkin, L.P. transferred 20,228 shares of Common Stock to NRC QP, in each case in exchange for interests of the applicable transferee.
( 6 )Mr. Becker and Mr. Drapkin may be deemed to beneficially own such Common Stock as each is a member of BC Advisors, LLC, which is the general partner of NRC Management (of which each of Mr. Becker and Mr. Drapkin is a limited partner), and NRC Management is the general partner of, and investment manager for, NRC QP, and the investment manager of each of BD SLV and the Managed Account. Mr. Becker disclaims beneficial ownership in such Common Stock except to the extent of his pecuniary interest therein.
( 7 )These are restricted shares of Common Stock directly held by Mr. Becker and represent an annual grant of restricted stock to Mr. Becker granted in accordance with the director compensation policy of the Issuer for Mr. Becker's service as an independent director. These shares will vest in full on May 18, 2016.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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