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Filing Details

Accession Number:: 0000921895-17-001540
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-16 18:36:44
Reporting Period:: 2017-05-12

Filing Date:: 2017-05-16
Accepted Time:: 2017-05-16 18:36:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1600422	Superior Drilling Products Inc.	SDPI	()	4

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	No	Yes
1589325	Lone Star Value Investors Gp Llc	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	Yes	No
1589343	Lone Star Value Co-Invest I, Lp	53 Forest Avenue, 1St Floor Old Greenwich CT 06870	No	No	No	Yes
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	Disposition	2017-05-12	25,000	$0.86	180,000	No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
Common Stock	Disposition	2017-05-12	155,281	$0.82	2,057,458	No	4	S	Indirect	By: Lone Star Value Investors, LP
Common Stock	Disposition	2017-05-15	3,868	$0.84	176,132	No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
Common Stock	Disposition	2017-05-16	26,132	$0.81	150,000	No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
Common Stock	Disposition	2017-05-16	10,000	$0.80	2,047,458	No	4	S	Indirect	By: Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
No	4	S	Indirect	By: Lone Star Value Investors, LP
No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
No	4	S	Indirect	By: Lone Star Value Co-Invest I, LP
No	4	S	Indirect	By: Lone Star Value Investors, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	266,740	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 Co-Invest I, LP ("Lone Star Value Co-Invest"), 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 of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns 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 owned directly by Lone Star Value Co-Invest. Lone Star Value GP, as the general partner of Lone Star Value Co-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Lone Star Value Management, as the investment manager of Lone Star ValueCo-Invest, may be deemed the beneficial owner of the securities owned by Lone Star Value Co-Invest. Mr. Eberwein, as the sole investor and sole owner of Lone Star Value Co-Invest, 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 Co-Invest.
Securities held in an account separately managed by Lone Star Value Management ("Separately Managed Account I"). Lone Star Value Management, as the investment manager of Separately Managed Account I, may be deemed the beneficial owner of the securities held in Separately Managed Account I. Mr. Eberwein, as the sole member of Lone Star Value Management, may be deemed the beneficial owner of the securities held in Separately Managed Account I.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.8500 to $0.9000. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 5 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7800 to $0.9400. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 6 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.8342 to $0.8500. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 7 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7764 to $0.8700. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 8 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7700 to $0.8000. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 9 to this Form 4.
Purchases by Lone Star Value Co-Invest of an aggregate of 5,000 shares on April 26, 2017 (1,000 shares at $0.7997; 2,410 shares at $0.8000; 1,000 shares at $0.8100; and 590 shares at $0.8196) have been matched against sales on May 12, 2017 by Lone Star Value Investors of an aggregate of 5,000 shares (1,300 shares at $0.9400; 100 shares at $0.9325; 100 shares at $0.9250; and 3,500 shares at $0.9200). The aforementioned purchase prices constitute the lowest purchase prices paid by the Reporting Persons matched against the highest sale prices that the Reporting Persons received for the sale of shares. The Reporting Persons have agreed to pay the Issuer $606.49, representing the full amount of the Reporting Persons' pecuniary interest in the profit realized in connection with the short-swing transaction.