0001175735-16-000006.txt : 20161114 0001175735-16-000006.hdr.sgml : 20161111 20161114161619 ACCESSION NUMBER: 0001175735-16-000006 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Superior Drilling Products, Inc. CENTRAL INDEX KEY: 0001600422 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 464341605 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-88173 FILM NUMBER: 161994996 BUSINESS ADDRESS: STREET 1: 1583 SOUTH 1700 EAST CITY: VERNAL STATE: UT ZIP: 84078 BUSINESS PHONE: 435-789-0594 MAIL ADDRESS: STREET 1: 1583 SOUTH 1700 EAST CITY: VERNAL STATE: UT ZIP: 84078 FORMER COMPANY: FORMER CONFORMED NAME: SD Co Inc DATE OF NAME CHANGE: 20140218 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALBERT FRIED & CO LLC CENTRAL INDEX KEY: 0001175735 IRS NUMBER: 135089432 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 45 BROADWAY STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 2124227282 MAIL ADDRESS: STREET 1: 45 BROADWAY STREET 2: 24TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006 SC 13D 1 SDPI_13D_11_14_2016_final.txt SDPI- FORM 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.)* SUPERIOR DRILLING PRODUCTS, INC. ----------------------------------------------------------------- (Name of Issuer) COMMON STOCK; $0.001 Par Value ----------------------------------------------------------------- (Title of Class of Securities) 868153107 ----------------------------------------------------------------- (CUSIP Number) November 14, 2016 ----------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | X | Rule 13d-1(b) | | Rule 13d-1(c) | | Rule 13d-1(d) Page 2 of 4 CUSIP Number: 868153107 1) NAME OF REPORTING PERSON ALBERT FRIED & COMPANY, LLC 13-5089432 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) | X | 3) SEC USE ONLY 4) CITIZEN OR PLACE OF ORGANIZATION LLC organized in New York 5) SOLE VOTING POWER 2,572,079 6) SHARED VOTING POWER NONE 7) SOLE DISPOSITIVE POWER 2,572,079 8) SHARED DISPOSITIVE POWER NONE 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,572,079 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 10.67% 12) TYPE OF REPORTING PERSON BD Albert Fried & Company, LLC (AF&Co) is a FINRA Member firm. The securities reported herein are held by AF&Co as part of a hedge against an OTC Basket Option written to a customer of AF&Co. THis inventory may be acquired and disposed of in the ordinary course of business and incident to the maintenance of AF&Co's hedge. Page 3 of 4 ITEM 1(a) NAME OF ISSUER: SUPERIOR DRILLING PRODUCTS, INC. ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1583 South 1700 East Vernal, Utah 84078 United States of America ITEM 2(a) NAME OF PERSON FILING: Albert Fried & Company, LLC. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: 45 Broadway; Suite 2440 New York, NY 10006 ITEM 2(c) CITIZENSHIP: LLC organized in New York ITEM 2(d) TITLE OF CLASS OF SECURITIES: COMMON STOCK, $0.001 Par Value ITEM 2(e) CUSIP NUMBER: 868153107 ITEM 3: IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: (a) [X] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ]A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Page 4 of 4 ITEM 4: OWNERSHIP Please see Items 5-9 and 11 for each cover sheet for each filing separately. 4(a) AMOUNT BENEFICIALLY OWNED: 2,572,079 SHARES 4(b) PERCENT OF CLASS: 10.67% ITEM 5 OWNERSHIP OF LESS THAN FIVE PERCENT OF A CLASS: NOT APPLICABLE ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Albert Fried & Company, LLC holds these reported securities as part of a hedge against an OTC Basket Option written to a customer of AF&Co. This inventory may be acquired and disposed of in the ordinary course of business and incident to the maintenance of AF&Co's hedge. The owner of the OTC Basket Option,Lone Star Value Investors, LP., may be deemed the beneficial owner at expiration of the option or upon exercise of the option. ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: NOT APPLICABLE ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: NOT APPLICABLE ITEM 9 NOTICE OF DISSOLUTION OF GROUP: NOT APPLICABLE ITEM 10 CERTIFICATION: Certification filed pursuant to Section 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. DATE: 14-November-2016 ALBERT FRIED & COMPANY, LLC. By /s/ Anthony Katsingris ---------------------- Name: Anthony Katsingris Title: LLC Member