Sec Form 4 Filing - BOEGNER RAY @ BALLANTYNE STRONG, INC. - 2021-06-06

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 BOEGNER RAY 2. Issuer Name and Ticker or Trading Symbol BALLANTYNE STRONG, INC. [ BTN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President-Strong Entertainment (Last) (First) (Middle) 4201 CONGRESS STREET,, SUITE 175 3. Date of Earliest Transaction (MM/DD/YY) 06/06/2021 (Street) CHARLOTTE, NC28209 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ 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 06/06/2021 F 3,819 D $ 5 234,200 ( 1 ) D

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 Stock Options (Right to Buy) $ 4.7 ( 2 ) 01/11/2022 Common Stock 5,000 5,000 ( 2 ) D Stock Options (Right to Buy) $ 4.33 ( 3 ) 11/22/2025 Common Stock 32,000 32,000 ( 3 ) D Stock Options (Right to Buy) $ 6.5 ( 4 ) 02/28/2027 Common Stock 40,000 40,000 ( 4 ) D Stock Options (Right to Buy) $ 4.7 ( 5 ) 01/26/2028 Common Stock 50,000 50,000 ( 5 ) D Stock Options (Right to Buy) $ 2.89 ( 6 ) 06/06/2029 Common Stock 20,000 20,000 ( 6 ) D Stock Options (Right to Buy) $ 1.6 ( 7 ) 10/09/2030 Common Stock 15,000 15,000 ( 7 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BOEGNER RAY 4201 CONGRESS STREET, SUITE 175 CHARLOTTE, NC28209 President-Strong Entertainment Signatures /s/ Ray F. Boegner 06/08/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes (i) remaining unvested 13,334 RSUs granted on June 6, 2019 pursuant to the 2017 Omnibus Equity Compensation Plan and (ii) remaining unvested 30,000 RSUs granted on October 9, 2020 pursuant to the 2017 Omnibus Equity Compensation Plan. The RSUs vest 1/3 each year beginning on the first anniversary of the respective grant date, subject to continuous service through such vesting dates. ( 2 )Stock Options granted under the Company's 2010 Long-Term Incentive Plan. Stock Options became exercisable 1/4 each year beginning on the first anniversary of the grant date and were vested in full as of January 11, 2016. ( 3 )Stock Options granted under the Company's 2010 Long-Term Incentive Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, November 22, 2015. ( 4 )Stock Options granted under the Company's 2010 Long-Term Incentive Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, February 28, 2017. ( 5 )Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, January 26, 2018. ( 6 )Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, June 6, 2019. ( 7 )Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, October 9, 2020.

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