SEC Form 4 · accession 0001654954-18-006359
BK Technologies Corp · BKTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis M Johnson
Director · 10% Owner
Period of report
Jun 4, 2018
Accepted (ET)
Jun 6, 2018 · 1:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000002186
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.60 per shareF1,F2 | Jun 4, 2018 | A | 5,479 | $0.00 | A | 10,958 | D | |
| Common Stock, par value $0.60 per shareF3 | holding | — | — | — | 2,332,840 | I | Fundamental Global | |
| Common Stock, par value $0.60 per shareF4 | holding | — | — | — | 1,147,087 | I | Ballantyne Strong |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted stock units (RSUs) under the 2017 Incentive Compensation Plan. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest in full 12 months after the grant date, subject to the Reporting Person's continued service as a director of the Issuer through such date.
- F2Includes 5,479 RSUs that vest in full 12 months after the grant date of June 15, 2017, subject to the Reporting Person's continued service as a director of the Issuer through such date.
- F3Held by the Fundamental Global entities. Due to his positions with Fundamental Global Investors, LLC and other Fundamental Global entities, Mr. Johnson may be deemed to be a beneficial owner of Common Stock held by Fundamental Global. Mr. Johnson disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.
- F4Held by Ballantyne Strong, Inc. ("BTN"). Due to his positions with Fundamental Global Investors, LLC and affiliated entities, which beneficially own greater than 10 percent of the outstanding shares of BTN common stock, Mr. Johnson may be deemed to be a beneficial owner of Common Stock held by BTN. Mr. Johnson disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.
Remarks
Effective June 4, 2018, the Issuer changed its legal name from RELM Wireless Corporation to BK Technologies, Inc. and its trading symbol from "RWC" to "BKTI."