Sec Form 4 Filing - Eberwein Jeffrey E. @ DIGIRAD CORP - 2020-07-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Eberwein Jeffrey E.
2. Issuer Name and Ticker or Trading Symbol
DIGIRAD CORP [ DRAD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1048 INDUSTRIAL COURT
3. Date of Earliest Transaction (MM/DD/YY)
07/22/2020
(Street)
SUWANEE, GA30024
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
10% Series A Cumulative Perpetual Preferred Stock 845,412 D
10% Series A Cumulative Perpetual Preferred Stock 07/22/2020 J( 1 ) 114,624 ( 1 ) ( 2 ) A $ 0 ( 1 ) 464,624 I By: Jeffrey E. Eberwein Revocable Trust ( 3 )
10% Series A Cumulative Perpetual Preferred Stock 07/22/2020 J( 1 ) 300,000 ( 1 ) D $ 0 ( 1 ) 0 I By: Lone Star Value Investors, LP ( 3 )
Common Stock 135,963 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Numbe r of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Eberwein Jeffrey E.
1048 INDUSTRIAL COURT
SUWANEE, GA30024
X
Signatures
/s/ Jeffrey E. Eberwein 07/24/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On July 22, 2020, Lone Star Value Investors, LP ("LSVI") distributed to its partners pro rata an aggregate of 300,000 shares of Digirad Corporation's 10% Series A Cumulative Perpetual Preferred Stock ("Company Preferred Stock"), which includes 114,624 shares of Company Preferred Stock referred to in the second row of Table I (the "Distribution").
( 2 )Consists of (i) 113,780 shares of Company Preferred Stock acquired by the Jeffrey E. Eberwein Revocable Trust (the "Eberwein Trust") as a result of the Distribution and (ii) 844 shares of Company Preferred Stock acquired by the Eberwein Trust as a result of shares of Company Preferred Stock distributable to Lone Star Value GP ("LSV GP") in the Distribution being transferred directly to the Eberwein Trust contemporaneously with the Distribution.
( 3 )At the time of the Distribution, the Eberwein Trust was a limited partner of LSVI and LSV GP was the general partner of LSVI. 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 held in the Eberwein Trust except to the extent of his pecuniary interest therein. Mr. Eberwein, solely by virtue of his position as the manager and sole beneficial owner of LSV GP, the general partner of LSVI, may be deemed to beneficially own the securities owned by LSVI. Mr. Eberwein expressly disclaims beneficial ownership of such securities owned by LSVI except to the extent of his pecuniary interest therein.

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