SEC Form 4 · accession 0001493152-16-009634
BALLANTYNE STRONG, INC. · BTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle Cerminara
Officer — CEO and Executive Chairman · Director · 10% Owner
Period of report
May 10, 2016
Accepted (ET)
May 11, 2016 · 4:21 pm EDT
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 StockF1,F2 | May 10, 2016 | P | 3,000 | $4.6795 | A | 104,834 | D | |
| Common Stock | May 10, 2016 | P | 125 | $4.63 | A | 11,220 | I | By Spouse |
| Common Stock | May 10, 2016 | P | 70 | $4.67 | A | 1,120 | I | By Minor Children |
| Common Stock | May 10, 2016 | P | 100 | $4.63 | A | 1,220 | I | By Minor Children |
| Common StockF3 | holding | — | — | — | 2,288,048 | I | Fundamental Global |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported price is a weighted-average price. The shares were purchased in multiple transactions at prices ranging from $4.675 to $4.6795, inclusive. The reporting person undertakes to provide to any security holder of Ballantyne Strong, Inc. (the "Company"), the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in this Form 4.
- F2Includes 30,000 Restricted Stock Units ("RSUs") granted under the Company's 2010 Long-Term Incentive Plan on November 22, 2015 and 6,651 RSUs granted under the Company's 2014 Non-Employee Directors' Restricted Stock Plan.
- F3Held by the Fundamental Global entities. Due to his positions with Fundamental Global Investors, LLC and other Fundamental Global entities, Mr. Cerminara may be deemed to be a beneficial owner of Common Stock held by Fundamental Global. Mr. Cerminara disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.