X0202 4/A 2007-01-06 2007-01-09 0001091539 SUPERIOR GALLERIES INC SPGR 0001097183 DIGENOVA SILVANO A 32001 S. COAST HIGHWAY LAGUNA BEACH CA 92651 0 0 1 0 Common Stock 2007-01-06 4 S 0 355000 .70 D 1380934 D Common Stock 2007-01-06 4 S 0 202330 1.98 A 1583264 D Series B $1.00 Convertible Preferred 1.98 2007-01-06 4 M 0 400000 D Common Stock 202330 0 D These transactions have been approved by the Board of Directors of the Issuer and are exempt from Section 16(b) under Rule 16b-3(d). The reporting person converted 400,000 shares of Series B $1.00 Convertible Preferred stock on January 6, 2007, at a conversion price of $1.98 per share, resulting in his acquisition of 202,330 shares of common stock. The Series B $1.00 Convertible Preferred Stock was convertible into common stock at a fixed conversion price of $2.00 per share, subject to adjustments, which reduced the conversion price to $1.98 per share. The Series B $1.00 Convertible Preferred Stock was convertible into common stock at any time and had no expiration date. /s/ Silvano DiGenova 2007-03-06