Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Beaver Brandon
 2. Date of Event Requiring Statement (Month/Day/Year)
10/21/2013		 3. Issuer Name and Ticker or Trading Symbol
SHARPS COMPLIANCE CORP [SMED]
(Last)
(First)
(Middle)
9220 KIRBY DR., SUITE 500		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice-President of Sales
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77054		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Sharps Compliance Corp. 2010 Stock Plan Options   (1) 10/21/2020 Common Stock 100,000 $ 3.01 D  
Sharps Compliance Corp. 2010 Stock Plan Options   (2) 05/27/2018 Common Stock 25,000 $ 4.16 D  
Sharps Compliance Corp. 2010 Stock Plan Options   (3) 11/17/2018 Common Stock 3,000 $ 3.98 D  
Sharps Compliance Corp. 2010 Stock Plan Options   (4) 11/07/2019 Common Stock 2,000 $ 3.05 D  
Sharps Compliance Corp. 2010 Stock Plan Options   (5) 02/26/2020 Common Stock 25,000 $ 2.8 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Beaver Brandon
9220 KIRBY DR.
SUITE 500
HOUSTON, TX 77054		       Senior Vice-President of Sales  

Signatures

Celina Sanchez 10/23/2013
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) In conjunction with his promotion to Senior Vice-President of Sales on October 21, 2013, Mr. Beaver was granted options to purchase 100,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on October 21, 2014, one-fourth on October 21, 2015, one-fourth on October 21, 2016 and one-fourth on October 21, 2017. The exercise price of the stock options is equal to the market price of the Company's common stock at the date of grant.
(2) On May 27, 2011, Mr. Beaver was granted options to purchase 25,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on May 27, 2012, one-fourth on May 27, 2013, one-fourth on May 27, 2014, and one-fourth on May 27, 2015. The exercise price of the stock options is equal to the market price of the Company's common stock ast the date of grant.
(3) On November 17, 2011, Mr. Beaver was granted options to purchase 3,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on November 17, 2012, one-fourth on November 17, 2013, one-fourth on November 17, 2014, and one-fourth on November 17, 2015. The exercise price of the stock options is equal to the market price of the Company's common stock at the date of grant.
(4) On November 7, 2012, Mr. Beaver was granted options to purchase 2,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on November 7, 2013, one-fourth on November 7, 2014, one-fourth on November 7, 2015, and one-fourth on November 7, 2016. The exercise price of the stock options is equal to the market price of the Company's common stock at the date of grant.
(5) On February 26, 2013, Mr. Beaver was granted options to purchase 25,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on February 26, 2014, one-fourth on February 26, 2015, one-fourth on February 26, 2016, and one-fourth on February 26, 2017. The exercise price of the stock options is equal to the market price of the Company's common stock at the date of grant.

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