<SEC-DOCUMENT>0001104659-20-047735.txt : 20200416
<SEC-HEADER>0001104659-20-047735.hdr.sgml : 20200416
<ACCEPTANCE-DATETIME>20200416181438
ACCESSION NUMBER:		0001104659-20-047735
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200416
FILED AS OF DATE:		20200416
DATE AS OF CHANGE:		20200416

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MOGLIA JOSEPH H
		CENTRAL INDEX KEY:			0001187586

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797330

	MAIL ADDRESS:	
		STREET 1:		AMERITRADE HOLDING CORP
		STREET 2:		4211 S 102ND ST
		CITY:			OMAHA
		STATE:			NE
		ZIP:			68127

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Johnson Lewis M
		CENTRAL INDEX KEY:			0001619951

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797331

	MAIL ADDRESS:	
		STREET 1:		C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
		STREET 2:		4201 CONGRESS STREET, SUITE 140
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cerminara Kyle
		CENTRAL INDEX KEY:			0001619991

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797332

	MAIL ADDRESS:	
		STREET 1:		C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
		STREET 2:		4201 CONGRESS STREET, SUITE 140
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BK Technologies Corp
		CENTRAL INDEX KEY:			0000002186
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797333

	BUSINESS ADDRESS:	
		STREET 1:		7100 TECHNOLOGY DRIVE
		CITY:			WEST MELBOURNE
		STATE:			FL
		ZIP:			32904
		BUSINESS PHONE:		321-984-1414

	MAIL ADDRESS:	
		STREET 1:		7100 TECHNOLOGY DRIVE
		CITY:			WEST MELBOURNE
		STATE:			FL
		ZIP:			32904

	FORMER NAME:	
		FORMER CONFORMED NAME:	BK Technologies, Inc.
		DATE OF NAME CHANGE:	20180604

	FORMER NAME:	
		FORMER CONFORMED NAME:	RELM WIRELESS CORP
		DATE OF NAME CHANGE:	19980129

	FORMER NAME:	
		FORMER CONFORMED NAME:	ADAGE INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BALLANTYNE STRONG, INC.
		CENTRAL INDEX KEY:			0000946454
		STANDARD INDUSTRIAL CLASSIFICATION:	PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797334

	BUSINESS ADDRESS:	
		STREET 1:		4201 CONGRESS STREET
		STREET 2:		SUITE 175
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209
		BUSINESS PHONE:		(704) 994-8279

	MAIL ADDRESS:	
		STREET 1:		4201 CONGRESS STREET
		STREET 2:		SUITE 175
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209

	FORMER NAME:	
		FORMER CONFORMED NAME:	BALLANTYNE OF OMAHA INC
		DATE OF NAME CHANGE:	19950608

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fundamental Global Investors, LLC
		CENTRAL INDEX KEY:			0001591508
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		20797335

	BUSINESS ADDRESS:	
		STREET 1:		4201 CONGRESS STREET, SUITE 140
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209
		BUSINESS PHONE:		704-323-6851

	MAIL ADDRESS:	
		STREET 1:		4201 CONGRESS STREET, SUITE 140
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			1347 Property Insurance Holdings, Inc.
		CENTRAL INDEX KEY:			0001591890
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				461119100
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		970 LAKE CARILLON DR.
		STREET 2:		SUITE 314
		CITY:			ST. PETERSBURG
		STATE:			FL
		ZIP:			33716
		BUSINESS PHONE:		(813) 579-6213

	MAIL ADDRESS:	
		STREET 1:		970 LAKE CARILLON DR.
		STREET 2:		SUITE 314
		CITY:			ST. PETERSBURG
		STATE:			FL
		ZIP:			33716
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WEST MELBOURNE,</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
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            <rptOwnerName>Cerminara Kyle</rptOwnerName>
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            <rptOwnerStreet2>4201 CONGRESS STREET, SUITE 140</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28209</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <rptOwnerName>Johnson Lewis M</rptOwnerName>
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            <rptOwnerStreet2>4201 CONGRESS STREET, SUITE 140</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28209</rptOwnerZipCode>
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    <reportingOwner>
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            <rptOwnerCik>0001187586</rptOwnerCik>
            <rptOwnerName>MOGLIA JOSEPH H</rptOwnerName>
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            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28209</rptOwnerZipCode>
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    <nonDerivativeTable>
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                <value>Common Stock, $0.001 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2020-04-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
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                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                    <footnoteId id="F5"/>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
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        </nonDerivativeTransaction>
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        </nonDerivativeTransaction>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
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                <value>2020-04-16</value>
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                    <value>Fundamental Activist Fund I, LP</value>
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        </nonDerivativeTransaction>
        <nonDerivativeHolding>
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                <value>Common Stock, $0.001 par value</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
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                    <value>FGI 1347 Holdings, LP</value>
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            <securityTitle>
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                    <footnoteId id="F1"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>FGI Global Asset Allocation Fund, Ltd.</value>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.001 par value</value>
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                <sharesOwnedFollowingTransaction>
                    <value>4532</value>
                    <footnoteId id="F1"/>
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                    <footnoteId id="F5"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>FGI Global Asset Allocation Master Fund, LP</value>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, $0.001 par value</value>
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                <sharesOwnedFollowingTransaction>
                    <value>1038409</value>
                    <footnoteId id="F1"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Ballantyne Strong, Inc.</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>8.00% Cumulative Preferred Stock, Series A, $25.00 par value</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>34620</value>
                    <footnoteId id="F4"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Fundamental Global Partners Master Fund, LP</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2020-04-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2020-04-16</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-04-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                    <footnoteId id="F7"/>
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                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Fundamental Global Partners Master Fund, LP</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2020-04-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                    <footnoteId id="F7"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2020-04-16</value>
            </exerciseDate>
            <expirationDate>
                <value>2022-04-16</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                    <footnoteId id="F7"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Fundamental Activist Fund I, LP</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% 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 (&quot;FGPM&quot;), FGI Global Asset Allocation Fund, Ltd. (&quot;FGAA&quot;), FGI Global Asset Allocation Master Fund, LP (&quot;FGGM&quot;), Fundamental Activist Fund I, LP (&quot;FAFI&quot;), FGI 1347 Holdings, LP (&quot;FGIH&quot;) and Ballantyne Strong, Inc. (&quot;BTN&quot;).</footnote>
        <footnote id="F2">In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.</footnote>
        <footnote id="F3">BK Technologies Corporation (&quot;BKTI&quot;) is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of BKTI and Mr. Johnson is Co-Chairman of the Board of Directors of BKTI.</footnote>
        <footnote id="F4">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. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 53,665 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.</footnote>
        <footnote id="F5">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.</footnote>
        <footnote id="F6">Represents shares of Common Stock acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from Fund Management Group LLC (&quot;FMG&quot;), in a privately negotiated transaction, pursuant to a Purchase Agreement, dated as of April 16, 2020, between FMG and Fundamental Global Investors, LLC (the &quot;Purchase Agreement&quot;). The aggregate purchase price for the 100,000 total shares acquired pursuant to the Purchase Agreement was $475,000.</footnote>
        <footnote id="F7">Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share, acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from FMG pursuant to the Purchase Agreement. The shares subject to the call option may be acquired at any time during the two-year period beginning on the date of the Purchase Agreement, ending at 5:00 p.m. Eastern time on April 16, 2022.The aggregate purchase price for the call option acquired pursuant to the Purchase Agreement was $100,000.</footnote>
        <footnote id="F8">The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.70 and $4.75 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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>FUNDAMENTAL GLOBAL INVESTORS, LLC /s/ D. Kyle Cerminara, Chief Executive Officer, Partner and Manager</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>BALLANTYNE STRONG, INC. /s/ Mark D. Roberson, Chief Executive Officer</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>BK TECHNOLOGIES CORPORATION /s/ William P. Kelly, Executive Vice President and Chief Financial Officer</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ D. Kyle Cerminara</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Lewis M. Johnson</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Joseph H. Moglia</signatureName>
        <signatureDate>2020-04-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
