Filing Details
- Accession Number:
- 0001104659-20-073362
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-06-15 15:40:24
- Reporting Period:
- 2020-06-11
- Accepted Time:
- 2020-06-15 15:40:24
- 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 | 2020-06-11 | 6,901 | $3.18 | 1,312,358 | No | 4 | P | Indirect | Fundamental Global Partners Master Fund, LP |
Common Stock, Par Value $0.60 Per Share | Acquisiton | 2020-06-12 | 1,428 | $3.31 | 1,313,786 | 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 Global Partners Master Fund, 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 | 763,597 | Indirect | Fundamental Activist Fund I, LP |
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
- The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 3,267,641 shares of Common Stock, which represents approximately 26.2% 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 927,062 shares of Common Stock (excluding Mr. Moglia's shares held in CWA accounts) for the accounts of individual investors, which represents approximately 7.4% of the Company's outstanding shares of Common Stock.
- 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.
- 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.
- The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.06 and $3.33 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.
- The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.17 and $3.40 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.