%0 Journal Article %T Characterizing the Cool KOIs III. KOI-961: A Small Star with Large Proper Motion and Three Small Planets %A Philip S. Muirhead %A John Asher Johnson %A Kevin Apps %A Joshua A. Carter %A Timothy D. Morton %A Daniel C. Fabrycky %A J. Sebastian Pineda %A Michael Bottom %A Barbara Rojas-Ayala %A Everett Schlawin %A Katherine Hamren %A Kevin R. Covey %A Justin R. Crepp %A Keivan G. Stassun %A Joshua Pepper %A Leslie Hebb %A Evan N. Kirby %A Andrew W. Howard %A Howard T. Isaacson %A Geoffrey W. Marcy %A David Levitan %A Tanio Diaz-Santos %A Lee Armus %A James P. Lloyd %J Physics %D 2012 %I arXiv %R 10.1088/0004-637X/747/2/144 %X We present the characterization of the star KOI 961, an M dwarf with transit signals indicative of three short-period exoplanets, originally discovered by the Kepler Mission. We proceed by comparing KOI 961 to Barnard's Star, a nearby, well-characterized mid-M dwarf. By comparing colors, optical and near-infrared spectra, we find remarkable agreement between the two, implying similar effective temperatures and metallicities. Both are metal-poor compared to the Solar neighborhood, have low projected rotational velocity, high absolute radial velocity, large proper motion and no quiescent H-alpha emission--all of which is consistent with being old M dwarfs. We combine empirical measurements of Barnard's Star and expectations from evolutionary isochrones to estimate KOI 961's mass (0.13 +/- 0.05 Msun), radius (0.17 +/- 0.04 Rsun) and luminosity (2.40 x 10^(-3.0 +/- 0.3) Lsun). We calculate KOI 961's distance (38.7 +/- 6.3 pc) and space motions, which, like Barnard's Star, are consistent with a high scale-height population in the Milky Way. We perform an independent multi-transit fit to the public Kepler light curve and significantly revise the transit parameters for the three planets. We calculate the false-positive probability for each planet-candidate, and find a less than 1% chance that any one of the transiting signals is due to a background or hierarchical eclipsing binary, validating the planetary nature of the transits. The best-fitting radii for all three planets are less than 1 Rearth, with KOI 961.03 being Mars-sized (Rp = 0.57 +/- 0.18 Rearth), and they represent some of the smallest exoplanets detected to date. %U http://arxiv.org/abs/1201.2189v1