SEC Form 4/A · accession 0001144204-19-002924
BALLANTYNE STRONG, INC. · BTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owners
Joseph H Moglia
10% Owner
Fundamental Global Investors, LLC
Director · 10% Owner
Lewis M Johnson
Director · 10% Owner
Kyle Cerminara
Officer — CEO, Partner & Manager · Director · 10% Owner
Period of report
Oct 25, 2018
Accepted (ET)
Jan 25, 2019 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000946454
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2,F3 | Oct 25, 2018 | P | 336,336 | $4.1625 | A | 1,117,923 | I | Fundamental Activist Fund I, LP |
| Common Stock, par value $0.01 per shareF4,F1,F2,F3 | Oct 25, 2018 | P | 398,159 | $4.1625 | A | 1,133,017 | I | Fundamental Global Partners Master Fund, LP |
| Common Stock, par value $0.01 per shareF1,F2,F3 | holding | — | — | — | 853,619 | I | Fundamental Global Holdings, LP | |
| Common Stock, par value $0.01 per shareF1,F2,F3 | holding | — | — | — | 65,739 | I | FGI Global Asset Allocation Master Fund, LP | |
| Common Stock, par value $0.01 per shareF1,F2,F3 | holding | — | — | — | 34,911 | I | FGI Global Asset Allocation Fund, Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 3,205,209 shares of Common Stock, which represents approximately 22.2% 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"), and Fundamental Activist Fund I, LP ("FAFI").
- F2In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 960,790 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 6.7% 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.
- F3Due 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 and FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
- F4The original Form 4 omitted 36,036 shares of Common Stock acquired by FGPM.