SEC Form 4 · accession 0001493152-18-001185
BALLANTYNE STRONG, INC. · BTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kyle Cerminara
Officer — CEO and Chairman · Director · 10% Owner
Period of report
Jan 26, 2018
Accepted (ET)
Jan 29, 2018 · 4:15 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 StockF3 | Jan 26, 2018 | A | 40,000 | $0.00 | A | 231,279 | D | |
| Common Stock | holding | — | — | — | 7,540 | I | By 401(k) Plan | |
| Common Stock | holding | — | — | — | 11,220 | I | By Spouse | |
| Common Stock | holding | — | — | — | 4,220 | I | By Minor Children | |
| Common StockF1 | holding | — | — | — | 2,470,714 | I | Fundamental Global |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $4.70 | Jan 26, 2018 | A | 50,000 | A | — | Jan 26, 2028 | Common Stock | 50,000 | 50,000 | D |
| Stock Options (Right to Buy)F2 | $4.33 | holding | — | — | — | — | Nov 22, 2025 | Common Stock | 60,000 | 60,000 | D |
| Stock Options (Right to Buy)F2 | $6.50 | holding | — | — | — | — | Feb 28, 2027 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1Held 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 the shares of Common Stock held by Fundamental Global. Mr. Cerminara disclaims beneficial ownership of the shares referred to herein except to the extent of his pecuniary interest therein.
- F2Stock Options granted under the Company's 2010 Long-Term Incentive Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date.
- F3Restricted stock units granted pursuant to the 2017 Omnibus Equity Compensation Plan. RSUs will vest 1/3 each year beginning on the first anniversary of the grant date, January 26, 2018.
- F4Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date.