0001175735-17-000001.txt : 20170203
0001175735-17-000001.hdr.sgml : 20170203
20170203141545
ACCESSION NUMBER: 0001175735-17-000001
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20170203
DATE AS OF CHANGE: 20170203
GROUP MEMBERS: ALBERT FRIED & COMPANY, LLC
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/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-88173
FILM NUMBER: 17571549
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/A
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/A
1
SDPI_13D_A_02_03_2017_FINAL.txt
SDPI- 13D/A 02 03 2017
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No.1)
SUPERIOR DRILLING PRODUCTS, INC.
-----------------------------------------------------------------
(Name of Issuer)
COMMON STOCK; $0.001 Par Value
-----------------------------------------------------------------
(Title of Class of Securities)
868153107
-----------------------------------------------------------------
(CUSIP Number)
January 31, 2017
-----------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
| | 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
0
6) SHARED VOTING POWER
NONE
7) SOLE DISPOSITIVE POWER
0
8) SHARED DISPOSITIVE POWER
NONE
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
0%
12) TYPE OF REPORTING PERSON
BD
Albert Fried & Company, LLC (AF&Co) is a FINRA Member firm.
The securities reported herein were 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.
This Amendment No. 1 is the final amendment to the Schedule 13D
filed on November 14, 2016 and constitutes an "exiting filing"
for the Reporting Person.
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: 0 SHARES
4(b) PERCENT OF CLASS: 0 %
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 held 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: 3-February-2017
ALBERT FRIED & COMPANY, LLC.
By /s/ Anthony Katsingris
----------------------
Name: Anthony Katsingris
Title: Managing Director