SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bauer Eric T

(Last)

(First)

(Middle)

9220 KIRBY DRIVE SUITE 500

(Street)

HOUSTON

77054

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/24/2022

3. Issuer Name and Ticker or Trading Symbol
SHARPS COMPLIANCE CORP [ SMED ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Award	5,740⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Sharps Compliance 2010 Stock Plan Options	02/24/2023⁽²⁾	02/24/2030	Common Stock	200,000	$6.23	D

Explanation of Responses:

1. In connection with his appointment to Executive Vice President & Chief Financial Officer, Mr. Bauer will be issued 5,740 restricted stock awards to vest as follows: (i) 1,435 shares on February 24, 2023, (ii) 1,435 shares on February 24, 2024, (iii) 1,435 shares on February 24, 2025 and (iv) 1,435 shares on February 24, 2026.

2. Mr. Bauer was granted options to purchase 200,000 shares of common stock under the Sharps Compliance 2010 Stock Plan which vests as follows: one-fourth on February 24, 2023, one-fourth on February 24,2024, one-fourth on February 24, 2025 and one-fourth on February 24, 2026. The exercise price of the stock is $6.23 according to the agreement. Upon a change in control, as defined in the 2010 Stock Plan, any unvested stock options become fully vested.

Remarks:

	Diana Diaz, on behalf of Reporting Person	02/28/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.