Filing Details
- Accession Number:
- 0000899243-22-038833
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-12-16 16:54:32
- Reporting Period:
- 2022-12-14
- Accepted Time:
- 2022-12-16 16:54:32
- 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 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 | |
1956315 | Ballantyne Strong Holdings, Llc | 108 Gateway Boulevard, Suite 204 Mooresville NC 28117 | No | 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 | 2022-12-14 | 3,876 | $2.75 | 4,244,914 | No | 4 | P | Indirect | BALLANTYNE STRONG HOLDINGS, LLC |
Common Stock, Par Value $0.01 Per Share | Acquisiton | 2022-12-15 | 16,920 | $2.71 | 4,261,834 | No | 4 | P | Indirect | BALLANTYNE STRONG HOLDINGS, LLC |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | BALLANTYNE STRONG HOLDINGS, LLC |
No | 4 | P | Indirect | BALLANTYNE STRONG HOLDINGS, LLC |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock, Par Value $0.01 Per Share | 853,619 | Indirect | FUNDAMENTAL GLOBAL HOLDINGS, LP |
Footnotes
- Fundamental Activist Fund I, LP owns membership interests in Ballantyne Strong Holdings, LLC ("BTN Holdings") and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings.
- The funds managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 5,115,453 shares of Common Stock, which represent approximately 26.3% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings and Fundamental Global Holdings, LP ("FGHP").
- Due to their positions with FGGP 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 BTN Holdings 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.
- The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.54 to $2.75, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.