SEC Form 4 · accession 0000921895-16-005298

DIGIRAD CORP · DRAD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey E. Eberwein

Director

Period of report

Jul 31, 2016

Accepted (ET)

Aug 2, 2016 · 9:15 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000707388

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2,F3	Jul 31, 2016	M	12,500	—	A	12,500	D
Common Stock^F4	holding	—	—		—	40,778	I	By: Separately Managed Account I
Common Stock^F5	holding	—	—		—	975,366	I	By: Lone Star Value Investors, LP
Common Stock^F6	holding	—	—		—	100,000	I	By: Lone Star Value Co-Invest I, LP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F1,F2,F7	—	Jul 31, 2016	M	12,500	D	—	—	Common Stock	12,500	0	D
Restricted Stock Unit^F1,F8	—	Aug 2, 2016	A	12,500	A	—	—	Common Stock	12,500	12,500	D

Explanation of responses

F1Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
F2This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
F3Excludes 100,000 shares previously owned directly which were transferred to Lone Star Value Co-Invest I, LP ("Co-Invest I"), an entity of which Mr. Eberwein is the sole investor and sole owner, on July 18, 2016.
F4Shares held in an account (the "Separately Managed Account I") separately managed by Lone Star Value Management, LLC ("Lone Star Value Management"). Lone Star Value Management, as the investment manager of the Separately Managed Account I, may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I; and Mr. Eberwein, as the sole member of Lone Star Value Management may be deemed to beneficially own the shares of Common Stock held in the Separately Managed Account I for purposes of Section 16. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5Shares owned directly by Lone Star Value Investors, LP ("Lone Star Value Investors"). Lone Star Value Investors GP, LLC ("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. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F6Represents shares previously reported as directly beneficially owned by Mr. Eberwein but were transferred to Co-Invest I, an entity of which Mr. Eberwein is the sole investor and sole owner, on July 18, 2016. Lone Star Value GP, as the general partner of Co-Invest I, may be deemed the beneficial owner of the securities owned by Co-Invest I. Lone Star Value Management, as the investment manager of Co-Invest I, may be deemed the beneficial owner of the securities owned by Co-Invest I. Mr. Eberwein, as the sole investor and sole owner of Co-Invest I, 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 Co-Invest I. Mr. Eberwein expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F7On July 31, 2015 the Reporting Person was granted 12,500 Restricted Stock Units. As to this grant, 100% of the Restricted Stock Units fully vested on July 31, 2016.
F8One hundred percent (100%) of the Restricted Stock Units are scheduled to vest on the one (1) year anniversary of August 2, 2016, subject to the Reporting Person continuing to be a service provider through such date.