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Filing Details

Accession Number:: 0001144204-18-041606
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-08-02 13:05:21
Reporting Period:: 2018-07-31

Accepted Time:: 2018-08-02 13:05:21
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	Bk Technologies, Inc.	7100 Technology Drive West Melbourne FL 32904	No	No	Yes	No
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	No	Yes
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
Common Stock, $0.001 Par Value	Acquisiton	2018-07-31	37,500	$7.13	450,656	No	4	P	Indirect	Fundamental Global Partners Master Fund, LP
Common Stock, $0.001 Par Value	Acquisiton	2018-07-31	37,500	$7.13	738,187	No	4	P	Indirect	Fundamental Activist Fund I, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Fundamental Global Partners Master Fund, LP
No	4	P	Indirect	Fundamental Activist Fund I, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	477,282	Indirect	FGI 1347 Holdings, 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.
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	34,620	Indirect	Fundamental Global Partners Master Fund, LP

Footnotes

The Reporting Persons beneficially own in the aggregate 2,714,362 shares of Common Stock, which represent approximately 45.4% 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").
In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 70,398 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.2% 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. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.
BK Technologies, Inc. ("BKTI") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of BKTI and Mr. Johnson is Co-Chairman of the Board of Directors of BKTI.
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. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 56,846 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.
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.