FG (FGH) Form 4 RELM WIRELESS / JOSEPH H MOGLIA ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fundamental Global Investors, LLC

(Last) (First) (Middle)

4201 CONGRESS STREET, SUITE 140

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RELM WIRELESS CORP [ RWC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.60 per share	04/28/2017		J(3)		94,391	D	$5.075	585,749(1)(2)	I	Fundamental Global Partners, LP
Common Stock, par value $0.60 per share	04/28/2017		J(3)		94,391	A	$5.075	643,710(1)(2)	I	Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.60 per share	05/03/2017		J(4)		91,573	D	(4)	552,137(1)(2)	I	Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.60 per share	05/03/2017		J(4)		91,573	A	(4)	1,083,875(1)(2)	I	Fundamental Global Holdings, LP
Common Stock, par value $0.60 per share								106,383(1)(2)	I	FGI Global Asset Allocation Master Fund, LP
Common Stock, par value $0.60 per share								1,147,087(1)(2)	I	Ballantyne Strong, Inc.

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Fundamental Global Investors, LLC

(Last) (First) (Middle)

4201 CONGRESS STREET, SUITE 140

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

BALLANTYNE STRONG, INC.

(Last) (First) (Middle)

11422 MIRACLE HILLS DRIVE, SUITE 300

(Street)

OMAHA NE 68154

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Cerminara Kyle

(Last) (First) (Middle)

C/O FUNDAMENTAL GLOBAL INVESTORS, LLC

4201 CONGRESS STREET, SUITE 140

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Johnson Lewis M

(Last) (First) (Middle)

C/O FUNDAMENTAL GLOBAL INVESTORS, LLC

4201 CONGRESS STREET, SUITE 140

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

MOGLIA JOSEPH H

(Last) (First) (Middle)

C/O FUNDAMENTAL GLOBAL INVESTORS, LLC

4201 CONGRESS STREET, SUITE 140

(Street)

CHARLOTTE NC 28209

(City) (State) (Zip)

Explanation of Responses:

1. The Reporting Persons beneficially own in the aggregate 3,475,231 shares of Common Stock, which represent approximately 25.1% 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, LP ("FGPP"), Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Global Holdings, LP ("FGHP"), and Ballantyne Strong, Inc. ("BTN"). In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 842,283 shares of Common Stock for accounts of individual investors, which represent approximately 6.1% of the Company's outstanding shares of Common Stock.

2. 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 FGPP, FGPM, FGGM and FGHP. 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.

3. Represents a cross-trade between FGPP and FGPM, in which FGPP disposed of and FGPM acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

4. Withdrawal and redemption from FGPM and contribution to FGHP.

	FUNDAMENTAL GLOBAL INVESTORS LLC /s/ D. Kyle Cerminara, Chief Executive Officer, Partner and Manager	05/03/2017
	BALLANTYNE STRONG, INC. /s/ D. Kyle Cerminara, Chief Executive Officer	05/03/2017
	/s/ D. Kyle Cerminara	05/03/2017
	/s/ Lewis M. Johnson	05/03/2017
	/s/ Joseph H. Moglia	05/03/2017
	** Signature of Reporting Person	Date
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