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
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Halligan Dennis
 2. Date of Event Requiring Statement (Month/Day/Year)
11/20/2014		 3. Issuer Name and Ticker or Trading Symbol
SHARPS COMPLIANCE CORP [SMED]
(Last)
(First)
(Middle)
9220 KIRBY DRIVE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President of Marketing
 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)
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 control number.

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) 11/20/2021 Common Stock 25,000 $ 4.28 D  
Sharps Compliance Corp 2010 Stock Plan Options   (2) 05/09/2018 Common Stock 2,500 $ 4.33 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  
harps Compliance Corp 2010 Stock Plan Options   (5) 11/21/2020 Common Stock 5,000 $ 4.84 D  
harps Compliance Corp 2010 Stock Plan Options   (6) 08/26/2021 Common Stock 8,500 $ 4.32 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Halligan Dennis
9220 KIRBY DRIVE
HOUSTON, TX 77054		       Vice President of Marketing  

Signatures

Celina Sanchez 11/24/2014
**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 Vice President of Marketing on November 20, 2014, Mr. Halligan was granted options to purchase 25,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on November 20, 2015, one-fourth on November 20, 2016, one-fourth on November 20, 2017, and one-fourth on November 20, 2018. The exercise price of the stock options is equal to the market price of the Company's stock at the date of grant.
(2) On May 9, 2011, Mr. Halligan was granted options to purchase 2,500 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on May 9, 2012, one-fourth on May 9, 2013, one-fourth on May 9, 2014, and one-fourth on May 9, 2015. The exercise price of the stock options is equal to the market price of the Company's stock at the date of grant.
(3) On November 17, 2011, Mr. Halligan 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 stock at the date of grant.
(4) On November 7, 2012, Mr. Halligan 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 stock at the date of grant.
(5) On November 21, 2013, Mr. Halligan was granted options to purchase 5,000 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on November 21, 2014, one-fourth on November 21, 2015, one-fourth on November 21, 2016, and one-fourth on November 21, 2017. The exercise price of the stock options is equal to the market price of the Company's stock at the date of grant.
(6) On August 26, 2014, Mr. Halligan was granted options to purchase 8,500 shares of Sharps Compliance Corp Common Stock which vests as follows: one-fourth on August 26, 2015, one-fourth on August 26, 2016, one-fourth on August 26, 2017, and one-fourth on August 26, 2017. The exercise price of the stock options is equal to the market price of the Company's stock at the date of grant.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.