Filing Details

Accession Number:
0001104659-20-106983
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-09-21 16:23:44
Reporting Period:
2020-09-17
Accepted Time:
2020-09-21 16:23:44
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
946454 Ballantyne Strong Inc. BTN Photographic Equipment & Supplies (3861) 470587703
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 $0.01 Per Share Acquisiton 2020-09-17 1,257 $1.70 2,053,761 No 4 P Indirect Fundamental Global Partners Master Fund, LP
Common Stock, Par Value $0.01 Per Share Acquisiton 2020-09-17 677 $1.70 197,709 No 4 P Indirect FGI Global Asset Allocation Master Fund, LP
Common Stock, Par Value $0.01 Per Share Acquisiton 2020-09-18 1,171 $1.68 2,054,932 No 4 P Indirect Fundamental Global Partners Master Fund, LP
Common Stock, Par Value $0.01 Per Share Acquisiton 2020-09-18 630 $1.68 198,339 No 4 P Indirect FGI Global Asset Allocation 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 FGI Global Asset Allocation Master Fund, LP
No 4 P Indirect Fundamental Global Partners Master Fund, LP
No 4 P Indirect FGI Global Asset Allocation Master Fund, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 24,300 Indirect Fundamental Global Capital Appreciation Fund, LP
Common Stock, Par Value $0.01 Per Share 1,793,591 Indirect Fundamental Activist Fund I, LP
Common Stock, Par Value $0.01 Per Share 853,619 Indirect Fundamental Global Holdings, LP
Common Stock, Par Value $0.01 Per Share 34,911 Indirect FGI Global Asset Allocation Fund, Ltd.
Footnotes
  1. The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 4,959,692 shares of Common Stock, which represents approximately 33.5% 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"), Fundamental Global Holdings, LP ("FGHP"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Fundamental Global Capital Appreciation Fund, LP ("FGCA").
  2. In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 622,502 shares of Common Stock (excluding Messrs. Cerminara's, Johnson's and Moglia's shares held in CWA accounts) for the accounts of individual investors, which represents approximately 4.2% of the Company's outstanding shares of Common Stock. Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Messrs. Cerminara and Johnson also hold additional shares of Common Stock.
  3. 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, FGHP, FGAA, FGGM, FAFI and FGCA. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
  4. 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.
  5. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.67 and $1.75 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 $1.63 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.