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Filing Details

Accession Number:: 0001597526-14-000006
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-09-02 18:54:53
Reporting Period:: 2014-08-29

Filing Date:: 2014-09-02
Accepted Time:: 2014-09-02 18:54:53
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
34285	Reliability Inc	RLBY	Instruments For Meas & Testing Of Electricity & Elec Signals (3825)	750868913

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1548312	E. Jeffrey Eberwein	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589247	Lone Star Value Investors Lp	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589325	Lone Star Value Investors Gp Llc	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589350	Lone Star Value Management Llc	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-08-29	6,786,588	$0.13	0	No	4	S	Indirect	Jeffrey E. Eberwein Revocable Trust
Common Stock	Acquisiton	2014-08-29	6,786,588	$0.13	10,187,948	No	4	P	Indirect	Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Jeffrey E. Eberwein Revocable Trust
No	4	P	Indirect	Lone Star Value Investors, LP

Footnotes

The reported transaction involved a contribution of shares of the Issuer's common stock that were held within the Jeffrey E. Eberwein Revocable Trust, for which Jeffrey E. Eberwein is the trustee. The shares were contributed to Lone Star Value Investors, LP. In exchange for the contribution, Mr. Eberwein received limited partnership units of Lone Star Value Investors, LP with a deemed value of $0.125 per share. Mr. Eberwein, by virtue of his position as the manager of Lone Star Value Investors GP, LLC, the general partner of Lone Star Value Investors, LP and as the sole member of Lone Star Value Management, LLC, the investment manager of Lone Star Value Investors, LP, may be deemed to beneficially own the shares owned directly by Lone Star Value Investors, LP for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
Jeffrey E. Eberwein is the trustee exercising investment control and management authority over the Jeffrey E. Eberwein Revocable Trust.
Lone Star Value Investors, LP is the record and direct owner of 10,187,948 shares of common stock. Lone Star Value Investors GP, LLC is the general partner of, and controls, Lone Star Value Investors, LP. Lone Star Value Management, LLC exercises contractual voting and investment control over securities held by Lone Star Value Investors, LP. Mr. Eberwein is the managing member of Lone Star Value Management, LLC and exercises indirect voting and investment control over these securities. Mr. Eberwein disclaims beneficial ownership of these shares of the Issuer's common stock except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that Mr. Eberwein is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.