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Filing Details

Accession Number:: 0001144204-18-016968
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-26 18:51:16
Reporting Period:: 2018-03-26

Accepted Time:: 2018-03-26 18:51:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591890	1347 Property Insurance Holdings Inc.	PIH	Radio & Tv Broadcasting & Communications Equipment (3663)	NV

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
2186	Relm Wireless Corp	7100 Technology Drive West Melbourne FL 32904	No	No	No	Yes
946454	Ballantyne Strong, Inc.	11422 Miracle Hills Drive Suite 300 Omaha NE 68154	Yes	No	Yes	No
1187586	H Joseph Moglia	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	No	No	Yes	No
1591508	Fundamental Global Investors, Llc	4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No
1619951	M Lewis Johnson	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2018-03-26	2,940	$25.00	34,620	No	4	P	Indirect	Fundamental Global Partners Master Fund, LP
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2018-03-26	44	$25.00	44	No	4	P	Indirect	D. Kyle Cerminara

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Fundamental Global Partners Master Fund, LP
No	4	P	Indirect	D. Kyle Cerminara

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	700,687	Indirect	Fundamental Activist Fund I, LP
Common Stock, $0.001 Par Value	424,572	Indirect	FGI 1347 Holdings, LP
Common Stock, $0.001 Par Value	403,156	Indirect	Fundamental Global Partners Master Fund, LP
Common Stock, $0.001 Par Value	5,296	Indirect	FGI Global Asset Allocation Fund, Ltd.
Common Stock, $0.001 Par Value	4,532	Indirect	FGI Global Asset Allocation Master Fund, LP
Common Stock, $0.001 Par Value	1,038,409	Indirect	Ballantyne Strong, Inc.

Footnotes

The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased at the public offering price as part of the Company's underwritten public offering of Preferred Stock. The Preferred Stock is non-voting and non-convertible. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 57,060 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.
The Reporting Persons beneficially own in the aggregate 34,620 shares of Preferred Stock, which represent approximately 4.9% of the outstanding shares of Preferred Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM.
The Reporting Persons beneficially own in the aggregate 2,576,652 shares of Common Stock, which represent approximately 43.1% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").
RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.
In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.
Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.