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Filing Details

Accession Number:: 0000921895-15-002879
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-28 19:06:56
Reporting Period:: 2015-12-21

Filing Date:: 2015-12-28
Accepted Time:: 2015-12-28 19:06:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1600422	Superior Drilling Products Inc.	SDPI	Oil & Gas Field Machinery & Equipment (3533)	464341605

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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-12-21	545	$1.01	1,651,545	No	4	P	Indirect	By: Lone Star Value Investors, LP
Common Stock	Acquisiton	2015-12-22	804	$1.01	1,652,349	No	4	P	Indirect	By: Lone Star Value Investors, LP
Common Stock	Acquisiton	2015-12-28	5,591	$1.01	1,657,940	No	4	P	Indirect	By: Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By: Lone Star Value Investors, LP
No	4	P	Indirect	By: Lone Star Value Investors, LP
No	4	P	Indirect	By: Lone Star Value Investors, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	125,000	Indirect	By: Separately Managed Account

Footnotes

This Form 4 is filed jointly by Lone Star Value Investors, LP ("Lone Star Value Investors"), Lone Star Value Investors GP, LLC ("Lone Star Value GP"), Lone Star Value Management, LLC ("Lone Star Value Management") and Jeffrey E. Eberwein (collectively, the "Reporting Persons"). Each Reporting Person is a member of a reporting group that owns in the aggregate more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
Securities owned directly by Lone Star Value Investors. Lone Star Value GP, as the general partner of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Lone Star Value Management, as the investment manager of Lone Star Value Investors, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors. Mr. Eberwein, as the manager of Lone Star Value GP and sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities owned by Lone Star Value Investors.
Securities held in an account separately managed by Lone Star Value Management (the "Separately Managed Account I"). Lone Star Value Management, as the investment manager of the Separately Managed Account I, may be deemed to beneficially own the securities held in the Separately Managed Account I; and Jeffrey Eberwein, as the sole member of Lone Star Value Management may be deemed to beneficially own the securities held in the Separately Managed Account I for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.