X0306 4 2018-07-11 0 0000911649 STANDARD DIVERSIFIED INC. SDI 0001409888 Standard General L.P. 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 0 0 1 0 0001418202 Kim Soohyung 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153 1 1 1 0 See Footnote 3 Class A Common Stock, par value $0.01 (Class A Common Stock) 2018-07-11 4 S 0 950 14.55 D 7386195 I See Footnotes Class B Common Stock, par value $0.01 (Class B Common Stock) 7360075 I See Footnotes The sales reported herein were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Persons on June 19, 2018. This sale by certain accounts managed by the Reporting Persons was matchable under Section 16(b) of the Securities Exchange Act of 1934 with the purchase by different accounts managed by the Reporting Persons of 950 shares purchased on May 24, 2018 at a price of $11.0682 per share. The Reporting Persons have already delivered to the Issuer a check representing the full amount of their pecuniary interest in the disgorgeable profit arising from such transactions. The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. This Form 4 does not report any pecuniary interest of David Glazek in securities of the Issuer. Mr. Glazek, a director of the Issuer and a partner of Standard General, separately files reports under Section 16. /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer 2018-07-13 /s/ Soohyung Kim 2018-07-13