Filing Details

Accession Number:
0000899243-22-038833
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-12-16 16:54:32
Reporting Period:
2022-12-14
Accepted Time:
2022-12-16 16:54:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
946454 Ballantyne Strong Inc. BTN Photographic Equipment & Supplies (3861) 470587703
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1187586 H Joseph Moglia C/O Fundamental Global Gp, Llc
108 Gateway Boulevard, Suite 204
Mooresville NC 28117
No No Yes No
1619991 Kyle Cerminara C/O Fundamental Global Gp, Llc
108 Gateway Boulevard, Suite 204
Mooresville NC 28117
Yes No Yes No
1878780 Fundamental Global Gp, Llc 108 Gateway Blvd., Suite 204
Mooresville NC 28117
No No Yes No
1956315 Ballantyne Strong Holdings, Llc 108 Gateway Boulevard, Suite 204
Mooresville NC 28117
No 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
Common Stock, Par Value $0.01 Per Share Acquisiton 2022-12-14 3,876 $2.75 4,244,914 No 4 P Indirect BALLANTYNE STRONG HOLDINGS, LLC
Common Stock, Par Value $0.01 Per Share Acquisiton 2022-12-15 16,920 $2.71 4,261,834 No 4 P Indirect BALLANTYNE STRONG HOLDINGS, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect BALLANTYNE STRONG HOLDINGS, LLC
No 4 P Indirect BALLANTYNE STRONG HOLDINGS, LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 853,619 Indirect FUNDAMENTAL GLOBAL HOLDINGS, LP
Footnotes
  1. Fundamental Activist Fund I, LP owns membership interests in Ballantyne Strong Holdings, LLC ("BTN Holdings") and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings.
  2. The funds managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 5,115,453 shares of Common Stock, which represent approximately 26.3% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings and Fundamental Global Holdings, LP ("FGHP").
  3. Due to their positions with FGGP and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN Holdings and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
  4. Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Mr. Cerminara also holds additional shares of Common Stock.
  5. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.54 to $2.75, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.