SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
QUAIN MITCHELL I

(Last) (First) (Middle)
C/O DIGIRAD CORPORATION
1048 INDUSTRIAL COURT

(Street)
SUWANEE GA 30024

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DIGIRAD CORP [ DRAD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/16/2020
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/16/2020 M 2,250 A (1)(2) 44,728 D
Common Stock 3,200 I By Industrial Manufacturing Institute, LLC(3)
Common Stock 300 I By IRA
Common Stock 300 I By Family Trust Partnership, LLC(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1)(2) 08/16/2020 M 2,250 (5) (5) Common Stock 2,250 (1) 0 D
Restricted Stock Unit (1)(6) 08/17/2020 A 3,358 (7) (7) Common Stock 3,358 (1)(6) 3,358 D
Explanation of Responses:
1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
2. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
3. Shares owned directly by Industrial Manufacturing Institute, LLC, an entity of which Mr. Quain is the sole beneficial owner.
4. Shares owned directly by Family Trust Partnership, LLC, an entity of which Mr. Quain is the sole beneficial owner.
5. On August 16, 2019 the reporting person was granted 2,250 Restricted Stock Units. As to this grant, 100% of the Restricted Stock Units fully vested on August 16, 2020.
6. Award of Restricted Stock Units made in accordance with the Digirad Corporation 2018 Incentive Plan and in lieu of a quarterly cash board retainer fee in the amount of $9,000. The number of Restricted Stock Units granted was determined using the closing sales price per share on the grant date ($2.68).
7. One hundred percent (100%) of the Restricted Stock Units are scheduled to vest on the one (1) year anniversary of August 17, 2020, subject to the reporting person continuing to be a service provider through such date.
/s/ Matthew Molchan, as Attorney-in-Fact 08/18/2020
** 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 4 (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).
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