Home > Insider Trading > Filing (0000899243-22-022557)

Filing Details

Accession Number:: 0000899243-22-022557
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-15 16:11:25
Reporting Period:: 2022-06-13

Accepted Time:: 2022-06-15 16:11:25
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	Director	Officer	Large Shareholder	Other
1187586	H Joseph Moglia	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	Yes	No	Yes	No
1878780	Fundamental Global Gp, Llc	108 Gateway Blvd., Suite 204 Mooresville NC 28117	No	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	2022-06-13	7,900	$2.60	3,989,734	No	4	P	Indirect	FUNDAMENTAL ACTIVIST FUND I, LP
Common Stock, Par Value $0.01 Per Share	Acquisiton	2022-06-14	42,100	$2.55	4,031,834	No	4	P	Indirect	FUNDAMENTAL ACTIVIST FUND I, 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 ACTIVIST FUND I, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	3,981,834	Indirect	FUNDAMENTAL ACTIVIST FUND I, LP
Common Stock, Par Value $0.01 Per Share	853,619	Indirect	FUNDAMENTAL GLOBAL HOLDINGS, LP

Footnotes

The funds managed by Fundamental Global GP, LLC beneficially own in the aggregate 4,885,453 shares of Common Stock, which represent approximately 25.4% of the Company's outstanding shares of Common Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Activist Fund I, LP ("FAFI") and Fundamental Global Holdings, LP ("FGHP"). The investment management agreements for FGI Global Asset Allocation Master Fund, LP ("FGGM") and Fundamental Global Capital Appreciation Fund, LP ("FGCA") were assigned to CW Institutional, LLC and EverStar Asset Management, LLC, respectively, and no Reporting Person has management authority over the 270,123 shares and 59,211 shares of the Company's Common Stock that were previously reported by FGGM and FGCA, respectively.
On August 1, 2021, the investment management agreements for Fundamental Global Partners Master Fund, LP ("FGPM"), FAFI and FGHP were assigned to Fundamental Global GP, LLC. Subsequently, 2,188,243 shares of Common Stock, as previously reported by FGPM, were transferred to FAFI. FGPM is in the process of being dissolved, and the transfer did not result in a change in beneficial ownership because both funds shared a common investment manager.
Due to their positions with Fundamental Global GP, LLC and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FAFI and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Mr. Cerminara also holds additional shares of Common Stock.