Sec Form 4 Filing - Fundamental Global Investors, LLC @ BK Technologies, Inc. - 2018-09-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Fundamental Global Investors, LLC
2. Issuer Name and Ticker or Trading Symbol
BK Technologies, Inc. [ BKTI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
4201 CONGRESS STREET, SUITE 140,
3. Date of Earliest Transaction (MM/DD/YY)
09/09/2018
(Street)
CHARLOTTE, NC28209
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/09/2018 S 1,147,087 D $ 3.95 0 I Ballantyne Strong, Inc.
Common Stock, par value $0.60 per share 09/09/2018 P 692,534 A $ 3.95 697,230 ( 1 ) ( 2 ) I Fundamental Activist Fund I, LP
Common Stock, par value $0.60 per share 1,137,886 ( 1 ) ( 2 ) I Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.60 per share 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
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fundamental Global Investors, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE, NC28209
X X
BALLANTYNE STRONG, INC.
11422 MIRACLE HILLS DRIVE
SUITE 300
OMAHA, NE68154
X X
Cerminara Kyle
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE, NC28209
X X
Johnson Lewis M
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE, NC28209
X X
MOGLIA JOSEPH H
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE, NC28209
Group Member
Signatures
FUNDAMENTAL GLOBAL INVESTORS, LLC, /s/ D. Kyle Cerminara, Chief Executive Officer, Partner and Manager 09/11/2018
Signature of Reporting Person Date
BALLANTYNE STRONG, INC., /s/ D. Kyle Cerminara, Chief Executive Officer 09/11/2018
Signature of Reporting Person Date
/s/ D. Kyle Cerminara 09/11/2018
Signature of Reporting Person Date
/s/ Lewis M. Johnson 09/11/2018
Signature of Reporting Person Date
/s/ Joseph H. Moglia 09/11/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 3,025,374 shares of Common Stock, which represent approximately 22.4% 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 Master Fund, LP ("FGGM"), Fundamental Global Holdings, LP ("FGHP"), 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 975,943 shares of Common Stock (excluding Mr. Moglia's shares held in CWA accounts) for accounts of individual investors, which represent approximately 7.2% 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 FGPM, FGGM, FGHP and FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein. In addition, Mr. Moglia holds 817,131 shares of Common Stock directly and through trusts and the Moglia Family Foundation. Each of Messrs. Cerminara and Johnson directly holds 5,479 shares of Common Stock and 10,542 restricted stock units, in each case received as director compensation. In addition, Messrs. Cerminara and Johnson hold stock options to purchase 10,000 and 5,000 shares of Common Stock, respectively.

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