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Filing Details

Accession Number:: 0000921895-19-002402
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-09-12 16:46:31
Reporting Period:: 2019-09-10

Accepted Time:: 2019-09-12 16:46:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
707388	Digirad Corp	DRAD	Electromedical & Electrotherapeutic Apparatus (3845)	330145723

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1548312	E. Jeffrey Eberwein	1048 Industrial Court Suwanee GA 30024		Yes	No	No	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
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	4,419	$0.00	4,419	No	4	J	Direct
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	91	$0.00	91	No	4	J	Indirect	By: Lone Star Value Investors GP, LLC
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	8,932	$0.00	8,932	No	4	J	Indirect	By: Jeffrey E. Eberwein Revocable Trust
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	218,986	$0.00	227,918	No	4	J	Indirect	By: Jeffrey E. Eberwein Revocable Trust
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	964,498	$0.00	964,498	No	4	J	Indirect	By: Lone Star Value Co-Invest I LP
10% Series A Cumulative Perpetual Preferred Stock	Acquisiton	2019-09-10	300,000	$10.00	300,000	No	4	P	Indirect	By: Lone Star Value Investors, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	J	Indirect	By: Lone Star Value Investors GP, LLC
No	4	J	Indirect	By: Jeffrey E. Eberwein Revocable Trust
No	4	J	Indirect	By: Jeffrey E. Eberwein Revocable Trust
No	4	J	Indirect	By: Lone Star Value Co-Invest I LP
No	4	P	Indirect	By: Lone Star Value Investors, LP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
10% Series A Cumulative Perpetual Preferred Stock	Put Option (Obligation to Buy)	Disposition	2019-09-10	100,000	$0.00	100,000	$10.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
100,000			No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	88,166	Direct

Footnotes

Acquired pursuant to the closing of the transactions contemplated by the Agreement and Plan of Merger by and among ATRM Holdings, Inc. ("ATRM"), Digirad Acquisition Corporation and the Issuer, dated as of July 3, 2019 (the "Merger Agreement"), in exchange for common stock of ATRM. Each share of ATRM common stock converted into the right to receive three one-hundredths (0.03) of a share of 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per share, of the Issuer ("10% Preferred Stock").
Acquired pursuant to the Merger Agreement, in exchange for 10.00% Series B Cumulative Preferred Stock, par value $0.001 per share, of ATRM ("ATRM Preferred Stock"). Each share of ATRM Preferred Stock converted into the right to receive two and one-half (2.5) shares of 10% Preferred Stock.
Shares of 10% Preferred Stock purchased from the Issuer by Lone Star Value Investors, LP ("Lone Star Value Investors") in a private placement which closed on September 10, 2019, at a purchase price of $10 per share.
Securities owned directly by Lone Star Value Investors GP, LLC ("Lone Star Value GP"). Mr. Eberwein, solely by virtue of his position as the manager of Lone Star Value GP, may be deemed to beneficially own the shares owned directly by Lone Star Value GP. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Securities held in the Jeffrey E. Eberwein Revocable Trust (the "Eberwein Trust"). Mr. Eberwein, as the trustee of the Eberwein Trust, may be deemed to beneficially own the securities held in the Eberwein Trust. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Securities owned directly by Lone Star Value Co-Invest I, LP ("Lone Star Value Co-Invest"). Mr. Eberwein, solely by virtue of his position as the sole investor and sole owner of Lone Star Value Co-Invest and the manager of Lone Star Value GP, the general partner of Lone Star Value Co-Invest, may be deemed to beneficially own the securities owned by Lone Star Value Co-Invest. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Securities owned directly by Lone Star Value Investors. Mr. Eberwein, solely by virtue of his position as the manager of Lone Star Value GP, the general partner of Lone Star Value Investors, and sole member of Lone Star Value Management, LLC, the investment manager of Lone Star Value Investors, may be deemed to beneficially own the securities owned by Lone Star Value Investors. Mr. Eberwein expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Mr. Eberwein entered into an agreement with the Issuer, pursuant to which the Issuer has the right to require Mr. Eberwein to acquire up to 100,000 shares of 10% Preferred Stock at a price of $10 per share for aggregate proceeds of up to $1,000,000 at any time, in the Issuer's discretion, during the 12 months following the effective time of the Merger (as defined and described in the Merger Agreement).