Filing Details

Accession Number:
0001104659-20-044751
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-04-08 19:05:44
Reporting Period:
2020-04-06
Accepted Time:
2020-04-08 19:05:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
2186 Bk Technologies Corp BKTI Radio & Tv Broadcasting & Communications Equipment (3663) 593486297
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-06 2,261 $1.68 702,007 No 4 P Indirect Fundamental Activist Fund I, LP
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-06 2,261 $1.68 1,144,479 No 4 P Indirect Fundamental Global Partners Master Fund, LP
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-07 2,250 $1.59 704,257 No 4 P Indirect Fundamental Activist Fund I, LP
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-07 2,250 $1.59 1,146,729 No 4 P Indirect Fundamental Global Partners Master Fund, LP
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-08 990 $1.66 705,247 No 4 P Indirect Fundamental Activist Fund I, LP
Common Stock, Par Value $0.60 Per Share Acquisiton 2020-04-08 2,310 $1.66 1,149,039 No 4 P Indirect Fundamental Global Partners Master Fund, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Fundamental Activist Fund I, LP
No 4 P Indirect Fundamental Global Partners Master Fund, LP
No 4 P Indirect Fundamental Activist Fund I, LP
No 4 P Indirect Fundamental Global Partners Master Fund, LP
No 4 P Indirect Fundamental Activist Fund I, LP
No 4 P Indirect Fundamental Global Partners Master Fund, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.60 Per Share 1,083,875 Indirect Fundamental Global Holdings, LP
Common Stock, Par Value $0.60 Per Share 106,383 Indirect FGI Global Asset Allocation Master Fund, LP
Footnotes
  1. The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 3,044,544 shares of Common Stock, which represents approximately 24.3% 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 Master Fund, LP ("FGGM"), Fundamental Global Holdings, LP ("FGHP"), and Fundamental Activist Fund I, LP ("FAFI"). In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 996,020 shares of Common Stock (excluding Mr. Moglia's shares held in CWA accounts) for the accounts of individual investors, which represents approximately 7.9% of the Company's outstanding shares of Common Stock.
  2. Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. D. Kyle 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, FGGM, FGHP and FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein. In addition, Mr. Moglia holds 845,813 shares of Common Stock directly and through trusts and the Moglia Family Foundation. Each of Messrs. Cerminara and Johnson directly holds 11,971 shares of Common Stock and 14,439 restricted stock units, in each case received as director compensation. In addition, Messrs. Cerminara and Johnson hold stock options to purchase 10,000 and 5,000 shares of Common Stock, respectively.
  3. Shares purchased pursuant to a Rule 10b5-1 trading plan entered into by Fundamental Global Investors, LLC on behalf of the funds managed by it.
  4. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.61 and $1.705 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
  5. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.56 and $1.60 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
  6. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.62 and $1.70 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.