Filing Details

Accession Number:
0001144204-18-016968
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-03-26 18:51:16
Reporting Period:
2018-03-26
Accepted Time:
2018-03-26 18:51:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1591890 1347 Property Insurance Holdings Inc. PIH Radio & Tv Broadcasting & Communications Equipment (3663) NV
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
2186 Relm Wireless Corp 7100 Technology Drive
West Melbourne FL 32904
No No No Yes
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
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 2018-03-26 2,940 $25.00 34,620 No 4 P Indirect Fundamental Global Partners Master Fund, LP
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value Acquisiton 2018-03-26 44 $25.00 44 No 4 P Indirect D. Kyle Cerminara
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Fundamental Global Partners Master Fund, LP
No 4 P Indirect D. Kyle Cerminara
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 424,572 Indirect FGI 1347 Holdings, 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
  1. The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased at the public offering price as part of the Company's underwritten public offering of Preferred Stock. The Preferred Stock is non-voting and non-convertible. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 57,060 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.
  2. The Reporting Persons beneficially own in the aggregate 34,620 shares of Preferred Stock, which represent approximately 4.9% of the outstanding shares of Preferred Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM.
  3. The Reporting Persons beneficially own in the aggregate 2,576,652 shares of Common Stock, which represent approximately 43.1% 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"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").
  4. RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.
  5. In addition, 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.
  6. 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, FAFI and FGIH 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.