FGC

SEC source: 0001104659-20-047735 · tm2016040-1_4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Activist Fund I, LP

Disclosed balance after: 788,187

F6 · shares: Represents shares of Common Stock acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from Fund Management Group LLC ("FMG"), in a privately negotiated transaction, pursuant to a Purchase Agreement, dated as of April 16, 2020, between FMG and Fundamental Global Investors, LLC (the "Purchase Agreement"). The aggregate purchase price for the 100,000 total shares acquired pursuant to the Purchase Agreement was $475,000.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001104659-20-047735 · tm2016040-1_4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 500,656

F6 · shares: Represents shares of Common Stock acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from Fund Management Group LLC ("FMG"), in a privately negotiated transaction, pursuant to a Purchase Agreement, dated as of April 16, 2020, between FMG and Fundamental Global Investors, LLC (the "Purchase Agreement"). The aggregate purchase price for the 100,000 total shares acquired pursuant to the Purchase Agreement was $475,000.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-20-006713 · ownership.xml · nonDerivative · entry 1

Hill John S · CIK 0001602027 · EVP, Secretary & CFO

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 100

SEC source: 0001493152-19-012659 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,119

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 5,397 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-19-012649 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,436

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-19-012660 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,452

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 5,333 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (not including the 1,333 RSUs that have vested to date) and 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (none of which have vested to date). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-19-012662 · ownership.xml · nonDerivative · entry 1

King Marsha G · CIK 0001764143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,119

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 1,000 shares held in a joint account with spouse and 5,397 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-19-012661 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,435

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 3,333 shares held in a joint account with spouse, remaining 5,333 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (not including the 1,333 RSUs that have vested to date), and 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (none of which have vested to date). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-19-012654 · ownership.xml · nonDerivative · entry 1

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,655

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 5,333 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (not including the 1,333 RSUs that have vested to date) and 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (none of which have vested to date). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-19-012651 · ownership.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,102

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 5,333 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (not including the 1,333 RSUs that have vested to date) and 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (none of which have vested to date). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-19-012763 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,436

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 5,714 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-19-000657 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,397

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-19-000658 · ownership.xml · nonDerivative · entry 1

King Marsha G · CIK 0001764143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,397

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 1,000 shares held in a joint account with spouse.

SEC source: 0001493152-18-012584 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,714

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-18-012581 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,730

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-18-012586 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,714

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-18-012587 · ownership.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,380

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-18-012583 · ownership.xml · nonDerivative · entry 1

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,933

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-18-012579 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,713

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 3,333 shares held in a joint account with spouse and 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-18-012577 · ownership.xml · nonDerivative · entry 2

Hill John S · CIK 0001602027 · VP, Secretary & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,000

F2 · balance_after: Includes 32,000 restricted stock units ("RSUs") granted under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001493152-18-012577 · ownership.xml · nonDerivative · entry 1

Hill John S · CIK 0001602027 · VP, Secretary & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,000

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 Equity Incentive Plan pursuant to the share-matching program. RSUs vest in five annual equal installments, beginning on the first anniversary of the grant date, with vesting subject to the reporting person maintaining ownership of the bonus shares reported in the second row through the full five-year vesting period and subject to continued employment with the Company. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 32,000 restricted stock units ("RSUs") granted under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001144204-18-041606 · tv499961_form4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

BK Technologies, Inc. · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Activist Fund I, LP

Disclosed balance after: 738,187

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,714,362 shares of Common Stock, which represent approximately 45.4% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 70,398 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.2% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-041606 · tv499961_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

BK Technologies, Inc. · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 450,656

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,714,362 shares of Common Stock, which represent approximately 45.4% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 70,398 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.2% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-18-008894 · form4.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,081

F1 · shares: Represents restricted stock units ("RSUs") granted pursuant to the share-matching program. RSUs vest in five annual equal installments, subject to continued employment with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. No RSUs have vested for the reporting person as of the date of this filing.

SEC source: 0001144204-18-032614 · tv495800_form4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI 1347 Holdings, LP

Disclosed balance after: 477,282

F6 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.80 to $7.95. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,639,362 shares of Common Stock, which represent approximately 44.1% 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 Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 65,398 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F3 · balance_after: RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is Co-Chairman of the Board of Directors of RWC.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-032614 · tv495800_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 413,156

F6 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.80 to $7.95. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,639,362 shares of Common Stock, which represent approximately 44.1% 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 Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 65,398 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-18-008088 · form4.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,727

F1 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.75 to $7.85 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F2 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007902 · form4.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,971

F1 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.85 to $7.90 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F3 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007902 · form4.xml · nonDerivative · entry 2

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 64,358

F2 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.40 to $7.50 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F3 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007723 · form4.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,745

F1 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.90 to $7.40 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F4 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007723 · form4.xml · nonDerivative · entry 2

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,132

F2 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.85 to $7.74 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F4 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001144204-18-030131 · tv494720_form4.xml · nonDerivative · entry 3

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI 1347 Holdings, LP

Disclosed balance after: 467,282

F8 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.60 to $7.80. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,619,362 shares of Common Stock, which represent approximately 43.8% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,098 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.

F3 · balance_after: RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-18-007723 · form4.xml · nonDerivative · entry 3

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,519

F3 · price: The reported price is a weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $7.80 to $7.55 per share. The Reporting Person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

F4 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007476 · form4.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,906

F1 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001144204-18-030131 · tv494720_form4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI 1347 Holdings, LP

Disclosed balance after: 447,282

F7 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.45 to $7.75. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,619,362 shares of Common Stock, which represent approximately 43.8% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,098 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.

F3 · balance_after: RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-18-007476 · form4.xml · nonDerivative · entry 2

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,096

F1 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001144204-18-030131 · tv494720_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI 1347 Holdings, LP

Disclosed balance after: 432,282

F6 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.30 to $7.65. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,619,362 shares of Common Stock, which represent approximately 43.8% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,098 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.

F3 · balance_after: RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001493152-18-007476 · form4.xml · nonDerivative · entry 3

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,086

F1 · balance_after: Includes 28,000 restricted common shares purchased direct from company under the terms of compensatory arrangement previously disclosed in May 2017.

SEC source: 0001493152-18-007477 · form4.xml · nonDerivative · entry 1

Hill John S · CIK 0001602027 · VP, Secretary & CFO

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 9,500

SEC source: 0001144204-18-016968 · tv489534_form4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · D. Kyle Cerminara

Disclosed balance after: 44

F1 · balance_after: The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased at the public offering price as part of the Company's underwritten public offering of Preferred Stock. The Preferred Stock is non-voting and non-convertible. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 57,060 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.

F2 · balance_after: The Reporting Persons beneficially own in the aggregate 34,620 shares of Preferred Stock, which represent approximately 4.9% of the outstanding shares of Preferred Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM.

F6 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-016968 · tv489534_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 34,620

F1 · balance_after: The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased at the public offering price as part of the Company's underwritten public offering of Preferred Stock. The Preferred Stock is non-voting and non-convertible. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 57,060 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.

F2 · balance_after: The Reporting Persons beneficially own in the aggregate 34,620 shares of Preferred Stock, which represent approximately 4.9% of the outstanding shares of Preferred Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM.

F6 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-015509 · tv488848_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

RELM WIRELESS CORP · CIK 0000002186 · Group Member

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI 1347 Holdings, LP

Disclosed balance after: 424,572

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,576,652 shares of Common Stock, which represent approximately 43.1% 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 Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: RELM Wireless Corporation ("RWC") is the sole limited partner of FGIH. Mr. Cerminara is Chairman of the Board of Directors of RWC and Mr. Johnson is also a director of RWC.

F3 · balance_after: CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 3,333 shares of Common Stock and restricted stock units representing the right to receive 6,666 shares of Common Stock.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-015678 · tv488921_form4.xml · nonDerivative · entry 1

KINGSWAY FINANCIAL SERVICES INC · CIK 0001072627 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By wholly owned subsidiary

Disclosed balance after: 0

F1 · ownership.nature: Held by the reporting person's wholly-owned subsidiary Kingsway America, Inc.

SEC source: 0001144204-18-012324 · tv487363_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 31,680

F1 · balance_after: The shares of 8.00% Cumulative Preferred Stock, Series A, $25.00 par value per share (the "Preferred Stock"), were purchased in connection with an underwritten public offering by the Issuer at the public offering price. The Preferred Stock is non-voting and non-convertible. The Reporting Persons beneficially own in the aggregate 31,680 shares of Preferred Stock, which represent approximately 5.0% of the outstanding shares of Preferred Stock.

F4 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM and FAFI and the shares of Preferred Stock disclosed as directly owned by FGPM. 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.

SEC source: 0001144204-18-012311 · tv487525_form4.xml · nonDerivative · entry 1

KINGSWAY FINANCIAL SERVICES INC · CIK 0001072627 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By wholly owned subsidiary

Disclosed balance after: 0

F1 · kind: Pursuant to a Stock Purchase Agreement dated January 2, 2018 (the "Stock Purchase Agreement"), by and among the reporting person's wholly-owned subsidiary, 1347 Advisors LLC, 1347 Property Insurance Holdings, Inc. ("PIH"), and IWS Acquisition Corporation ("IWS"), IWS sold 60,000 shares of PIH's Series B Preferred Stock to PIH for an aggregate purchase price of $1,500,000.

F2 · ownership.nature: Held by the reporting person's wholly-owned subsidiary IWS.

SEC source: 0001144204-18-002317 · tv483372_form4.xml · derivative · entry 5

KINGSWAY FINANCIAL SERVICES INC · CIK 0001072627 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By wholly-owned subsidiary

Disclosed balance after: 0

Underlying: Common Stock · 100,000 shares

Expires not disclosed

F7 · security: Each performance right represents a contingent right to receive one share of common stock. The performance rights vest as to 100,000 shares if the common stock price equals or exceeds $10 for any 20 trading days in a 30-day trading window.

F7 · derivative.exercise_price: Each performance right represents a contingent right to receive one share of common stock. The performance rights vest as to 100,000 shares if the common stock price equals or exceeds $10 for any 20 trading days in a 30-day trading window.

F8 · kind: Pursuant to the Stock Purchase Agreement: (i) Advisors agreed to terminate the Performance Shares Grant Agreement dated February 24, 2015, by and between PIH and Advisers, and (ii) PIH paid to Advisors an aggregate cash payment of $300,000 in consideration for such termination.

F8 · price: Pursuant to the Stock Purchase Agreement: (i) Advisors agreed to terminate the Performance Shares Grant Agreement dated February 24, 2015, by and between PIH and Advisers, and (ii) PIH paid to Advisors an aggregate cash payment of $300,000 in consideration for such termination.

F8 · derivative.expiration_date: Pursuant to the Stock Purchase Agreement: (i) Advisors agreed to terminate the Performance Shares Grant Agreement dated February 24, 2015, by and between PIH and Advisers, and (ii) PIH paid to Advisors an aggregate cash payment of $300,000 in consideration for such termination.

F3 · ownership.nature: Held by the reporting person's wholly-owned subsidiary Advisors.

SEC source: 0001144204-18-002317 · tv483372_form4.xml · nonDerivative · entry 1

KINGSWAY FINANCIAL SERVICES INC · CIK 0001072627 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By wholly owned subsidiary

Disclosed balance after: 0

F1 · kind: Pursuant to a Stock Purchase Agreement dated January 2, 2018 (the "Stock Purchase Agreement"), by and among the reporting person's wholly-owned subsidiary, 1347 Advisors LLC ("Advisors"), 1347 Property Insurance Holdings, Inc. ("PIH"), and IWS Acquisition Corporation ("IWS"), Advisors sold 60,000 shares of PIH's Series B Preferred Stock to PIH for an aggregate purchase price of $1,740,000.

F2 · price: Represents a purchase price of $25.00 per share plus declared and unpaid dividends.

F3 · ownership.nature: Held by the reporting person's wholly-owned subsidiary Advisors.

SEC source: 0001144204-18-000633 · tv482480_form4.xml · nonDerivative · entry 3

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 403,156

F5 · kind: Transfer in connection with FGPP becoming a feeder fund to FGPM. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,152,080 shares of Common Stock, which represent approximately 36.0% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also hold shares of Common Stock.

F3 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM and FAFI. 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.

SEC source: 0001144204-18-000633 · tv482480_form4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners, LP

Disclosed balance after: 0

F5 · kind: Transfer in connection with FGPP becoming a feeder fund to FGPM. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,152,080 shares of Common Stock, which represent approximately 36.0% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also hold shares of Common Stock.

F3 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM and FAFI. 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.

SEC source: 0001144204-18-000633 · tv482480_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Activist Fund I, LP

Disclosed balance after: 700,687

F4 · kind: Investor contributions in-kind.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,152,080 shares of Common Stock, which represent approximately 36.0% 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 Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 63,898 shares of Common Stock for the accounts of individual investors, which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also hold shares of Common Stock.

F3 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. 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, FGAA, FGGM and FAFI. 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.