UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
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Under the Securities Exchange Act of 1934
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(Amendment No. 2)*
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Special Diversified Opportunities Inc.
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Common Stock, $0.01 par value per share
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862700101
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Joseph Mause
Standard General L.P.
767 Fifth Avenue, 12th Floor
New York, NY 10153
Tel. No.: 212-257-4701
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
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March 2, 2016
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(Date of Event which Requires Filing of this Statement)
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1
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Names of Reporting Persons.
Standard General L.P.
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
7,255,048
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
7,255,048
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
7,255,048
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
34.5%
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14
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Type of Reporting Person (See Instructions)
IA
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1
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Names of Reporting Persons.
Standard General Master Fund L.P.
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
WC
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Cayman Islands
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
5,189,656
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
5,189,656
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,189,656
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
24.7%
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14
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Type of Reporting Person (See Instructions)
PN
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1
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Names of Reporting Persons.
P Standard General Ltd.
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
WC
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
British Virgin Islands
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
2,065,392
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
2,065,392
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,065,392
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
9.8%
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14
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Type of Reporting Person (See Instructions)
CO
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1
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Names of Reporting Persons.
Soohyung Kim
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [ ]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
7,255,048
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
7,255,048
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
7,255,048
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
34.5%
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14
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Type of Reporting Person (See Instructions)
IN, HC
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Item 5.
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Interest in Securities of the Issuer
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Transaction
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Date
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No. Shares
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Price Per Share
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Open market purchase | 2/10/2016 | 10,000* | $0.90 |
Open market purchase
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2/11/2016 | 46,704** | $0.88 |
Open market purchase
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2/19/2016 | 90,000*** | $0.91 |
Open market purchase
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2/29/2016 | 3,504,172**** | $1.18 |
*
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Of these shares, 7,172 shares were purchased for the account of the Master Fund and 2,828 shares were purchased for the account of the P Standard General.
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** |
Of these shares, 33,497 shares were purchased for the account of the Master Fund and 13,207 shares were purchased for the account of the P Standard General.
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*** |
Of these shares, 64,489 shares were purchased for the account of the Master Fund and 25,511 shares were purchased for the account of the P Standard General.
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**** |
Of these shares, 2,511,581 shares were purchased for the account of the Master Fund and 992,591 shares were purchased for the account of the P Standard General.
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STANDARD GENERAL L.P.
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By: /s/ Joseph Mause
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Name: Joseph Mause
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Title: Chief Financial Officer
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STANDARD GENERAL MASTER FUND L.P.
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By: /s/ Joseph Mause
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Name: Joseph Mause
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Title: Chief Financial Officer of Standard General L.P., its investment manager
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P STANDARD GENERAL LTD.
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By: /s/ Joseph Mause
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Name: Joseph Mause
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Title: Chief Financial Officer of Standard General L.P., its investment manager
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SOOHYUNG KIM
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/s/ Soohyung Kim
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Soohyung Kim
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