SEC Form 4 · accession 0001144204-16-134515
Superior Drilling Products, Inc. · SDPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
terence james cryan
Director
Period of report
Nov 10, 2016
Accepted (ET)
Nov 14, 2016 · 9:01 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 | 54,380 | A | — | — | Common Stock | 54,380 | 54,380 | 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 an independent director on the Board. The restricted stock units will vest in three equal annual installments beginning on the first anniversary of the date of grant.