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4//SEC Filing

BK Technologies Corp 4

Accession 0001420506-21-000816

$BKTICIK 0001591890operating
View on SEC.govCompany Profile

Filed

May 27, 8:00 PM ET

Accepted

May 28, 2:26 PM ET

Size

26.9 KB

Accession

0001420506-21-000816

Insider Transaction Report

Form 4
Period: 2021-05-26
FG Financial Group, Inc.FGF
Fundamental Global Investors, LLC
10% Owner
Transactions
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
Holdings

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590
Johnson Lewis M
10% Owner
Transactions
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
Holdings

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000
Cerminara Kyle
DirectorCEO and Chairman10% Owner
Transactions
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
Holdings

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000
MOGLIA JOSEPH H
10% Owner
Transactions
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
Holdings

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590
RELM WIRELESS CORP
Other
Transactions
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
Holdings

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590
BALLANTYNE STRONG, INC.
10% Owner
Transactions
  • Sale

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh−5,296$42,871→ 0 total(indirect: FGI GLOBAL ASSET ALLOCATION FUND, LTD.)
  • Purchase

    COMMON STOCK, PAR VALUE $0.01 PER SHARE

    2021-05-26$8.10/sh+5,296$42,871→ 8,296 total(indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
Holdings

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    628,875

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    788,199

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI GLOBAL ASSET ALLOCATION MASTER FUND, LP)
    4,532

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: BALLANTYNE STRONG, INC.)
    1,038,409

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP)
    590

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL ACTIVIST FUND I, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000

  • COMMON STOCK, PAR VALUE $0.01 PER SHARE

    (indirect: FGI 1347 HOLDINGS, LP)
    477,282

  • 8.00% Cumulative Preferred Stock, Series A, $25.00 par value

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    34,620

  • CALL OPTION (RIGHT TO BUY)

    (indirect: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP)
    Exercise: $6.00From: 2020-04-16Exp: 2022-04-16→ COMMON STOCK (50,000 underlying)
    50,000
Footnotes (6)
  • [F1]The Reporting Persons beneficially own in the aggregate 3,045,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 60.8% 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 ("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"), Fundamental Global Capital Appreciation Fund, LP ("FGCA") and Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara holds 11,162 shares of Common Stock and restricted stock units representing the right to receive 20,987 shares of Common Stock upon vesting. In addition, Mr. Johnson holds 32,149 shares of Common Stock.
  • [F2]BK Technologies Corporation ("BKTI") is the sole limited partner of FGIH. Mr. Cerminara is Member of the Board of Directors of BKTI.
  • [F3]The Reporting Persons beneficially own in the aggregate 35,210 shares of Preferred Stock, which represent approximately 4.1% 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 and FGCA. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.
  • [F4]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, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. 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.
  • [F5]Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share. The shares subject to the call option may be acquired at any time during the two-year period beginning on April 16, 2020, ending at 5:00 p.m. Eastern time on April 16, 2022.
  • [F6]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.

Documents

1 file

Issuer

FG Financial Group, Inc.

CIK 0001591890

→
Entity typeoperating
IncorporatedNV

Related Parties

1
  • filerCIK 0000002186

Filing Metadata

Form type
4
Filed
May 27, 8:00 PM ET
Accepted
May 28, 2:26 PM ET
Size
26.9 KB
View on SEC.gov