Home > Insider Trading > Filing (0001420506-21-000816)

Filing Details

Accession Number:: 0001420506-21-000816
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-28 14:26:38
Reporting Period:: 2021-05-26

Accepted Time:: 2021-05-28 14:26:38
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591890	Fg Financial Group Inc.	FGF	Radio & Tv Broadcasting & Communications Equipment (3663)	NV

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
2186	Bk Technologies Corp	7100 Technology Drive West Melbourne FL 32904	No	No	Yes	No
946454	Ballantyne Strong, Inc.	4201 Congress Street Suite 175 Charlotte NC 28209	No	No	Yes	No
1187586	H Joseph Moglia	C/O Fundamental Global Investors, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No
1591508	Fundamental Global Investors, Llc	108 Gateway Boulevard Suite 204 Mooresville NC 28117	Yes	No	Yes	No
1619951	M Lewis Johnson	C/O Fundamental Global Investors, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Investors, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	2021-05-26	5,296	$8.10	8,296	No	4	P	Indirect	FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP
Common Stock, Par Value $0.01 Per Share	Disposition	2021-05-26	5,296	$8.10	0	No	4	S	Indirect	FGI GLOBAL ASSET ALLOCATION FUND, LTD.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP
No	4	S	Indirect	FGI GLOBAL ASSET ALLOCATION FUND, LTD.

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	788,199	Indirect	FUNDAMENTAL ACTIVIST FUND I, LP
Common Stock, Par Value $0.01 Per Share	628,875	Indirect	FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP
Common Stock, Par Value $0.01 Per Share	4,532	Indirect	FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP
Common Stock, Par Value $0.01 Per Share	477,282	Indirect	FGI 1347 HOLDINGS, LP
Common Stock, Par Value $0.01 Per Share	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
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	590	Indirect	FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	CALL OPTION (RIGHT TO BUY)	$6.00	2020-04-16	2022-04-16	50,000	50,000	Indirect
Common Stock	CALL OPTION (RIGHT TO BUY)	$6.00	2020-04-16	2022-04-16	50,000	50,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-04-16	50,000	50,000	Indirect
2022-04-16	50,000	50,000	Indirect

Footnotes

The Reporting Persons beneficially own in the aggregate 3,045,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 60.8% 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"), Fundamental Global Capital Appreciation Fund, LP ("FGCA") and Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara holds 11,162 shares of Common Stock and restricted stock units representing the right to receive 20,987 shares of Common Stock upon vesting. In addition, Mr. Johnson holds 32,149 shares of Common Stock.
BK Technologies Corporation ("BKTI") is the sole limited partner of FGIH. Mr. Cerminara is Member of the Board of Directors of BKTI.
The Reporting Persons beneficially own in the aggregate 35,210 shares of Preferred Stock, which represent approximately 4.1% 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 and FGCA. In addition, Mr. Cerminara owns 44 shares of Preferred Stock 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, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. 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.
Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share. The shares subject to the call option may be acquired at any time during the two-year period beginning on April 16, 2020, ending at 5:00 p.m. Eastern time on April 16, 2022.
Represents a cross-trade between FGAA and FGCA, in which FGAA disposed of and FGCA acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.