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Filing Details

Accession Number:: 0001144204-18-012324
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-01 17:25:11
Reporting Period:: 2018-02-28

Accepted Time:: 2018-03-01 17:25:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591890	1347 Property Insurance Holdings Inc.	PIH	Photographic Equipment & Supplies (3861)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
946454	Ballantyne Strong, Inc.	11422 Miracle Hills Drive Suite 300 Omaha NE 68154	Yes	No	Yes	No
1187586	H Joseph Moglia	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	No	No	Yes	No
1591508	Fundamental Global Investors, Llc	4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No
1619951	M Lewis Johnson	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Investors, Llc 4201 Congress Street, Suite 140 Charlotte NC 28209	Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2018-02-28	31,680	$25.00	31,680	No	4	P	Indirect	Fundamental Global Partners Master Fund, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Fundamental Global Partners Master Fund, LP

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	700,687	Indirect	Fundamental Activist Fund I, LP
Common Stock, $0.001 Par Value	403,156	Indirect	Fundamental Global Partners Master Fund, LP
Common Stock, $0.001 Par Value	5,296	Indirect	FGI Global Asset Allocation Fund, Ltd.
Common Stock, $0.001 Par Value	4,532	Indirect	FGI Global Asset Allocation Master Fund, LP
Common Stock, $0.001 Par Value	1,038,409	Indirect	Ballantyne Strong, Inc.

Footnotes

The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased in connection with an underwritten public offering by the Issuer at the public offering price. The Preferred Stock is non-voting and non-convertible. The Reporting Persons beneficially own in the aggregate 31,680 shares of Preferred Stock, which represent approximately 5.0% of the outstanding shares of Preferred Stock.
The Reporting Persons beneficially own in the aggregate 2,152,080 shares of Common Stock, which represent approximately 36.0% 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"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Ballantyne Strong, Inc. ("BTN").
CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.
Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM and FAFI and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.