Fundamental Global Investors, LLC - May 26, 2020 Form 4 Insider Report for BALLANTYNE STRONG, INC. (FGH)

Role
Director, 10%+ Owner
Signature
FUNDAMENTAL GLOBAL INVESTORS, LLC/S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER, PARTNER AND MANAGER
Stock symbol
FGH
Transactions as of
May 26, 2020
Transactions value $
$0
Form type
4
Date filed
5/28/2021, 02:03 PM
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE Purchase $181K +34.9K +143.67% $5.19 59.2K May 26, 2021 FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP F1, F2, F3, F4
transaction FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE Sale -$181K -34.9K -100% $5.19 0 May 26, 2021 FGI GLOBAL ASSET ALLOCATION FUND, LTD. F1, F2, F3, F4
holding FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE 1.79M May 26, 2020 FUNDAMENTAL ACTIVIST FUND I, LP F1, F2, F4
holding FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE 854K May 26, 2020 FUNDAMENTAL GLOBAL HOLDINGS, LP F1, F2, F4
holding FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE 2.19M May 26, 2020 FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP F1, F2, F4
holding FGH COMMON STOCK, PAR VALUE $0.01 PER SHARE 270K May 26, 2020 FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 5,164,787 shares of Common Stock, which represents approximately 28.2% 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"), Fundamental Global Holdings, LP ("FGHP"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Fundamental Global Capital Appreciation Fund, LP ("FGCA").
F2 Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. D. Kyle 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, FGHP, FGAA, FGGM, FAFI and FGCA. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
F3 Represents a cross-trade between FGAA and FGCA, in which FGAA disposed of and FGCA acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.
F4 Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Messrs. Cerminara and Johnson also hold additional shares of Common Stock.