FG (FGH) Form 4 BALLANTYNE STRONG / Kyle Cerminara 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
BALLANTYNE STRONG, INC. [ BTN ]

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)
07/17/2017

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 $0.01 per share	07/17/2017		J(3)		634,921	D	$6.3	382,844(1)(2)	I	Fundamental Global Partners, LP
Common Stock, par value $0.01 per share	07/17/2017		J(3)		634,921	A	$6.75	634,921(1)(2)	I	Fundamental Activist Fund I, LP
Common Stock, par value $0.01 per share								352,014(1)(2)	I	Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.01 per share								853,619(1)(2)	I	Fundamental Global Holdings, LP
Common Stock, par value $0.01 per share								65,739(1)(2)	I	FGI Global Asset Allocation Master Fund, LP
Common Stock, par value $0.01 per share								34,911(1)(2)	I	FGI Global Asset Allocation Fund, Ltd.

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^*

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 2,324,048 shares of Common Stock, which represents approximately 16.3% 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"), 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"). In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 900,422 shares of Common Stock for the accounts of individual investors, which represents approximately 6.3% 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, FGHP, FGAA, FGGM and FAFI.

3. Deemed distribution from FGPP to The Moglia Family Foundation and The Moglia Family Trust and deemed contribution from The Moglia Family Foundation and The Moglia Family Trust to FAFI. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

	FUNDAMENTAL GLOBAL INVESTORS, LLC /s/ D. Kyle Cerminara, Chief Executive Officer, Partner and Manager	07/19/2017
	/s/ D. Kyle Cerminara	07/19/2017
	/s/ Lewis M. Johnson	07/19/2017
	/s/ Joseph H. Moglia	07/19/2017
	** Signature of Reporting Person	Date
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