Form Type: 4

SEC EDGAR Link
Acccession Number:0001144204-19-044301
Date:2019-09-09
Issuer: BALLANTYNE STRONG, INC. (BTN)
Original Submission Date:

Reporting Person:

FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE, NC 28209

Reporting Person:

CERMINARA KYLE
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140 CHARLOTTE, NC 28209

Reporting Person:

JOHNSON LEWIS M
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140 CHARLOTTE, NC 28209

Reporting Person:

MOGLIA JOSEPH H
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140 CHARLOTTE, NC 28209

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK, PAR VALUE $0.01 PER SHARE 2019-09-09 P 402 a $3.12 1,442,390 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 2019-09-09 P 402 a $3.12 1,457,490 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 2019-09-10 P 65 a $2.97 1,442,455 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 2019-09-10 P 65 a $2.97 1,457,555 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 0 $0.00 853,619 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 0 $0.00 65,739 indirect
COMMON STOCK, PAR VALUE $0.01 PER SHARE 0 $0.00 34,911 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 the funds managed by fundamental global investors, llc beneficially own in the aggregate 3,854,279 shares of common stock, which represents approximately 26.5% 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"), and fundamental activist fund i, lp ("fafi").
f2 in addition, cwa asset management group, llc, of which 50% is owned by fundamental global investors, llc, holds 860,622 shares of common stock (excluding messrs. cerminara's, johnson's and moglia's shares held in cwa accounts) for the accounts of individual investors, which represents approximately 5.9% of the company's outstanding shares of common stock. 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.
f3 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 and fafi. each reporting person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
f4 shares purchased pursuant to a rule 10b5-1 trading plan entered into by fundamental global investors, llc on behalf of the funds managed by it.
f5 the price reported represents a weighted average price. these shares were purchased in multiple transactions at prices ranging from $3.10 and $3.14 per share. the reporting persons undertake to provide to the company, any security holder of the company, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares purchased at each separate price.
f6 the price reported represents a weighted average price. these shares were purchased in multiple transactions at prices ranging from $2.97 and $2.99 per share. the reporting persons undertake to provide to the company, any security holder of the company, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares purchased at each separate price.

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