SEC Form 4 · accession 0001144204-16-134511
Superior Drilling Products, Inc. · SDPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G. Troy Meier
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 9:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001600422
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Nov 10, 2016 | A | 206,646 | A | — | — | Common Stock | 206,646 | 206,646 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
- F2Restricted stock units granted by the Board of Directors of the Issuer (the "Board") as compensation for service as a director on the Board and an executive officer. The restricted stock units will vest in three equal annual installments beginning on the first anniversary of the date of grant.