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SCHEDULE 13D
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Page ___ of ___
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Pursuant to Rule 13d-2 of the Securities
Exchange Act of 1934, this Amendment No. 1 (this Amendment) amends and supplements the Schedule 13D filed by Ronald Eric Smith (Mr. Smith) with the Securities and Exchange Commission (the SEC) on
November 18, 2019 (the Original Schedule 13D).
This Amendment relates to the common shares, $.001 par value (the Shares) of
Deep Down, Inc. (the Issuer). Capitalized terms used in this Amendment, but not otherwise defined herein, have the meanings set forth in the Original Schedule 13D.
This Amendment is being filed to amend and supplement Item 5 of the Original Schedule 13D as follows:
Item 5. Interest in Securities of the Issuer.
(a) and (b). See Items 7-11 on the cover page and Item 2 above. These amounts include: 541,371 shares held indirectly
through an IRA, 930,651 shares directly held by Mr. Smiths spouse, and 23,071 shares held indirectly by Mr. Smiths spouse through an IRA.
Pursuant to Rule 13d-4, Mr. Smith expressly declares that this Schedule 13D and any amendments hereto shall not
be construed as an admission that Mr. Smith is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities reported herein, except to the extent that Mr. Smith
owns such shares.
The percentage calculations herein are based on the Issuers statement in its Quarterly Report filed with the Securities and
Exchange Commission on November 12, 2019, that there were 13,290,680 shares outstanding.
(c)
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Mr. Smith did not engage in any transactions in the Shares of the Issuer during the past 60 days, except
as follows:
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Transaction
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Date
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No. Shares
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Price Per Share
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Open Market Purchase
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11/18/2019
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159,627
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$
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0.62
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(1)
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(1)
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Reflects the weighted average price of shares purchased in multiple transactions at prices ranging from $0.57
to $0.67, exclusive of any transaction fees, commissions or other costs. Mr. Smith undertakes to provide to the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price.
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(d)
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No person other than Mr. Smith is known to have the right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of, the Common Stock owned.
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Signatures
After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this Statement with
respect to such person is true, complete and correct.
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Date:
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November 20, 2019
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Signature:
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/s/ Ronald Eric Smith
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Name:
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Ronald Eric Smith
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