UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
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OMB Number:3235-0145
Expires: February 28, 2009
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TANDY LEATHER FACTORY, INC.
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Common Stock, par value $0.0024 per share
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87538X105
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December 31, 2012
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(Date of Event which Requires Filing of this Statement)
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[ ]
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Rule 13d-1(b)
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[x]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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CUSIP No. 87538X105
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13G
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Page 2 of 11
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1
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Names of Reporting Persons.
Central Square Management LLC
I.R.S. Identification Nos. of above persons (entities only)
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Central Square Management LLC - Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Central Square Management LLC - 0 shares
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6 Shared Voting Power
Central Square Management LLC - 660,841 shares
Refer to Item 4 below.
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7 Sole Dispositive Power
Central Square Management LLC - 0 shares
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8 Shared Dispositive Power
Central Square Management LLC – 660,841 shares
Refer to Item 4 below.
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Central Square Management LLC – 660,841 shares
Refer to Item 4 below.
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
Not applicable.
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11
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Percent of Class Represented by Amount in Row (9)
Central Square Management LLC – 6.5%
Refer to Item 4 below.
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12
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Type of Reporting Person (See Instructions)
Central Square Management LLC - OO (Limited Liability Company)
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CUSIP No. 87538X105
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13G
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Page 3 of 11
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1
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Names of Reporting Persons.
Central Square GP LLC
I.R.S. Identification Nos. of above persons (entities only)
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Central Square GP LLC - Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Central Square GP LLC - 0 shares
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6 Shared Voting Power
Central Square GP LLC – 642,272 shares
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7 Sole Dispositive Power
Central Square GP LLC - 0 shares
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8 Shared Dispositive Power
Central Square GP LLC – 642,272 shares
Refer to Item 4 below.
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Central Square GP LLC – 642,272 shares
Refer to Item 4 below.
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
Not applicable.
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11
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Percent of Class Represented by Amount in Row (9)
Central Square GP LLC – 6.3%
Refer to Item 4 below.
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12
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Type of Reporting Person (See Instructions)
Central Square GP LLC - OO (Limited Liability Company)
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CUSIP No. 87538X105
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13G
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Page 4 of 11
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1
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Names of Reporting Persons.
Central Square Capital LP
I.R.S. Identification Nos. of above persons (entities only)
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Central Square Capital LP - Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Central Square Capital LP - 0 shares
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6 Shared Voting Power
Central Square Capital LP – 642,272 shares
Refer to Item 4 below.
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7 Sole Dispositive Power
Central Square Capital LP - 0 shares
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8 Shared Dispositive Power
Central Square Capital LP – 642,272 shares
Refer to Item 4 below.
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Central Square Capital LP – 642,272 shares
Refer to Item 4 below.
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
Not applicable.
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11
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Percent of Class Represented by Amount in Row (9)
Central Square Capital LP– 6.3%
Refer to Item 4 below.
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12
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Type of Reporting Person (See Instructions)
Central Square Capital LP - PN (Limited Partnership)
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CUSIP No. 87538X105
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13G
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Page 5 of 11
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1
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Names of Reporting Persons.
Kelly Cardwell
I.R.S. Identification Nos. of above persons (entities only)
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Kelly Cardwell – United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
Kelly Cardwell- 0 shares
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6 Shared Voting Power
Kelly Cardwell – 660,841 shares
Refer to Item 4 below.
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7 Sole Dispositive Power
Kelly Cardwell - 0 shares
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8 Shared Dispositive Power
Kelly Cardwell – 660,841 shares
Refer to Item 4 below.
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
Kelly Cardwell – 660,841 shares
Refer to Item 4 below.
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
Not applicable.
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11
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Percent of Class Represented by Amount in Row (9)
Kelly Cardwell – 6.5%
Refer to Item 4 below.
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12
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Type of Reporting Person (See Instructions)
Kelly Cardwell- IN
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CUSIP No. 87538X105
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13G
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Page 6 of 11
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(a)
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Name of Issuer
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Tandy Leather Factory, Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
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1900 Southeast Loop 820, Fort Worth, Texas 76140
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(a)
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Name of Person Filing
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Central Square Management LLC
Central Square GP LLC
Central Square Capital LP
Kelly Cardwell
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(b)
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Address of Principal Business Office or, if none, Residence
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Central Square Management LLC
Central Square GP LLC
Central Square Capital LP
Kelly Cardwell
1813 N. Mill Street
Suite F
Naperville, IL
60563
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(c)
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Citizenship
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Central Square Management LLC - Delaware
Central Square GP LLC - Delaware
Central Square Capital LP – Delaware
Kelly Cardwell - United States
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(d)
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Title of Class of Securities
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Common Stock, par value $0.0024 per share
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(e)
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CUSIP Number
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87538X105
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Item 3.
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ]
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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Insurance Company as defined in Section 3(a)(19) of the Act;
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(d)
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
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CUSIP No. 87538X105
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13G
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Page 7 of 11
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(e)
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[ ]
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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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);
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(j)
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[ ]
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A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
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(k)
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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Item 4.
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Ownership**
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(a)
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Amount Beneficially Owned **
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Central Square Management LLC – 660,841 shares
Central Square GP LLC – 642,272 shares
Central Square Capital LP – 642,272 shares
Kelly Cardwell - 660,841 shares
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(b)
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Percent of Class**
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Central Square Management LLC – 6.5%
Central Square GP LLC – 6.3%
Central Square Capital LP – 6.3%
Kelly Cardwell – 6.5%
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(c)
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Number of shares as to which such person has:
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(i)
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sole power to vote or to direct the vote **
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Central Square Management LLC - 0 shares
Central Square GP LLC - 0 shares
Central Square Capital LP – 0 shares
Kelly Cardwell - 0 shares
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(ii)
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shared power to vote or to direct the vote**
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Central Square Management LLC – 660,841 shares
Central Square GP LLC - 642,272 shares
Central Square Capital LP – 642,272 shares
Kelly Cardwell - 660,841 shares
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CUSIP No. 87538X105
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13G
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Page 8 of 11
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(iii)
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sole power to dispose or to direct the disposition of**
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Central Square Management LLC - 0 shares
Central Square GP LLC - 0 shares
Central Square Capital LP – 0 shares
Kelly Cardwell - 0 shares
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(iv)
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shared power to dispose or to direct the disposition of**
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Central Square Management LLC – 660,841 shares
Central Square GP LLC - 642,272 shares
Central Square Capital LP – 642,272 shares
Kelly Cardwell - 660,841 shares
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**
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Shares reported herein for Central Square Capital LP (the “CSC LP”) represent shares beneficially owned by CSC LP. Shares reported herein for Central Square GP LLC (“CS GP LLC”) represent the above-referenced shares beneficially owned by CSC LP, for which CS GP LLC serves as general partner. Shares reported herein for Central Square Management LLC (“CSM LLC”) represent the above-referenced shares beneficially owned by CSC LP, and shares beneficially owned by another private investment fund (together with CSC LP, the “Funds”) for which CSM LLC serves as investment manager and for which an affiliate of CSM LLC serves as general partner. Shares reported herein for Mr. Cardwell represent the above referenced shares beneficially owned by the Funds. Mr. Cardwell serves as the manager of CS GP LLC, of CSM LLC, and of the general partner of the other Fund for which CSM LLC serves as investment manager. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
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Item 5.
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Ownership of Five Percent or Less of a Class
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Item 8.
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Identification and Classification of Members of the Group
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Item 9.
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Notice of Dissolution of Group
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CUSIP No. 87538X105
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13G
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Page 9 of 11
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Item 10.
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Certification
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CUSIP No. 87538X105
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13G
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Page 10 of 11
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Date:
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February 14, 2013
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CENTRAL SQUARE MANAGEMENT LLC
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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CENTRAL SQUARE GP LLC
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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CENTRAL SQUARE CAPITAL LP
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By:
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Central Square GP LLC,
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General Partner
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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KELLY CARDWELL
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/s/ Kelly Cardwell
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Kelly Cardwell, individually
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CUSIP No. 87538X105
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13G
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Page 11 of 11
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CENTRAL SQUARE MANAGEMENT LLC
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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CENTRAL SQUARE GP LLC
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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CENTRAL SQUARE CAPITAL LP
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By:
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Central Square GP LLC,
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General Partner
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By:
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/s/ Kelly Cardwell
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Kelly Cardwell
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Manager
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KELLY CARDWELL
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/s/ Kelly Cardwell
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Kelly Cardwell, individually
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