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Cerminara Kyle, et al. – ‘4’ for 11/25/22 re: Ballantyne Strong, Inc.

On:  Tuesday, 11/29/22, at 8:35pm ET   ·   For:  11/25/22   ·   As:  Director and 10% Owner   ·   Accession #:  899243-22-37164   ·   File #:  1-13906

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/29/22  Cerminara Kyle                    4          Dir.,%Own.  1:13K  Ballantyne Strong, Inc.           Donnelley Fin’l S… 06/FA
          Moglia Joseph H
          Ballantyne Strong Holdings, LLC
          Fundamental Global GP, LLC

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 Submission -- doc4.xml/3.6                   HTML     12K


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Form 4 Submission
 
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
  
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 GP, LLC
(Last)(First)(Middle)
108 GATEWAY BLVD., SUITE 204
(Street)
MOORESVILLENC28117
(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)
DirectorX10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/25/22
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
XForm 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)
CodeVAmount(A) or (D)Price
COMMON STOCK, PAR VALUE $0.01 PER SHARE 11/25/22P 2,677A$2.26 (1)2,677IBALLANTYNE STRONG HOLDINGS, LLC
COMMON STOCK, PAR VALUE $0.01 PER SHARE 11/28/22P 4,945A$2.33 (2)7,622IBALLANTYNE STRONG HOLDINGS, LLC
COMMON STOCK, PAR VALUE $0.01 PER SHARE 4,069,456 (3) (4) (5) (6)IBALLANTYNE STRONG HOLDINGS, LLC
COMMON STOCK, PAR VALUE $0.01 PER SHARE 853,619 (4) (5) (6)IFUNDAMENTAL GLOBAL HOLDINGS, LP
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Fundamental Global GP, LLC
(Last)(First)(Middle)
108 GATEWAY BLVD., SUITE 204
(Street)
MOORESVILLENC28117
(City)(State)(Zip)
1. Name and Address of Reporting Person*
Cerminara Kyle
(Last)(First)(Middle)
C/O FUNDAMENTAL GLOBAL GP, LLC
108 GATEWAY BOULEVARD, SUITE 204
(Street)
MOORESVILLENC28117
(City)(State)(Zip)
1. Name and Address of Reporting Person*
MOGLIA JOSEPH H
(Last)(First)(Middle)
C/O FUNDAMENTAL GLOBAL GP, LLC
108 GATEWAY BOULEVARD, SUITE 204
(Street)
MOORESVILLENC28117
(City)(State)(Zip)
1. Name and Address of Reporting Person*
Ballantyne Strong Holdings, LLC
(Last)(First)(Middle)
108 GATEWAY BOULEVARD, SUITE 204
(Street)
MOORESVILLENC28117
(City)(State)(Zip)
Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.22 to $2.28, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.
(2)  The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.295 to $2.40, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the SEC, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.
(3)  This amount includes the 4,061,834 shares previously reported as directly beneficially owned by Fundamental Activist Fund I, LP ("FAFI"), which was contributed to Ballantyne Strong Holdings, LLC ("BTN Holdings") on November 28, 2022. FAFI owns membership interests in BTN Holdings and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings.
(4)  The funds managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 4,923,075 shares of Common Stock, which represent approximately 25.3% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BTN Holdings and Fundamental Global Holdings, LP ("FGHP").
(5)  Due to their positions with FGGP and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN Holdings and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
(6)  Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Mr. Cerminara also holds additional shares of Common Stock.
Remarks:
FUNDAMENTAL GLOBAL GP, LLC /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER 11/29/22
BALLANTYNE STRONG HOLDINGS, LLC /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER OF FUNDAMENTAL GLOBAL GP, LLC 11/29/22
/S/ D. KYLE CERMINARA 11/29/22
/S/ JOSEPH H. MOGLIA 11/29/22
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
____________
Transaction Code:
    P    Open market or private purchase of non-derivative or derivative security.

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