FGC

SEC source: 0001387131-17-003258 · swets-form4_061317.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,350

SEC source: 0001387131-17-003250 · wong-form4_061317.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By SEP IRA

Disclosed balance after: 3,500

SEC source: 0001387131-17-003248 · johnson-form4_061317.xml · nonDerivative · entry 3

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By Roth IRA

Disclosed balance after: 1,000

SEC source: 0001387131-17-003248 · johnson-form4_061317.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 780

SEC source: 0001387131-17-003248 · johnson-form4_061317.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,553

SEC source: 0001387131-17-003215 · raucy-form4_060817.xml · nonDerivative · entry 4

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,000

SEC source: 0001387131-17-003215 · raucy-form4_060817.xml · nonDerivative · entry 3

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,263

SEC source: 0001387131-17-003215 · raucy-form4_060817.xml · nonDerivative · entry 2

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,263

SEC source: 0001387131-17-003246 · case-form4_060917.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,074

SEC source: 0001387131-17-003163 · case-form4_060517.xml · nonDerivative · entry 3

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,516

SEC source: 0001387131-17-003167 · hill-form4_060717.xml · nonDerivative · entry 2

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,000

SEC source: 0001387131-17-003215 · raucy-form4_060817.xml · nonDerivative · entry 1

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,263

SEC source: 0001387131-17-003167 · hill-form4_060717.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,000

SEC source: 0001387131-17-003144 · wong-form4_060517.xml · nonDerivative · entry 2

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By SEP IRA

Disclosed balance after: 2,500

SEC source: 0001387131-17-003163 · case-form4_060517.xml · nonDerivative · entry 2

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,958

SEC source: 0001387131-17-003162 · raucy-form4_060617.xml · nonDerivative · entry 1

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,791

SEC source: 0001387131-17-003183 · raucy-form4a_060617.xml · nonDerivative · entry 1

Raucy Douglas N · CIK 0001602046 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,791

F1 · price: The original Form 4 filed on June 8, 2017 included execution costs and is amended by this Form 4/A to correctly reflect the reporting person's cost basis.

SEC source: 0001387131-17-003128 · cerminara-form4_060517.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,333

F1 · balance_after: Held in a joint account with spouse.

SEC source: 0001387131-17-003134 · horowitz-form4_060517.xml · nonDerivative · entry 1

Horowitz Joshua · CIK 0001612424 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,400

SEC source: 0001387131-17-003140 · hill-form4_060517.xml · nonDerivative · entry 1

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

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,000

SEC source: 0001387131-17-003144 · wong-form4_060517.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By SEP IRA

Disclosed balance after: 1,000

SEC source: 0001387131-17-003163 · case-form4_060517.xml · nonDerivative · entry 1

Case Dan E · CIK 0001707191 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 400

SEC source: 0001144204-17-024425 · v466078_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: 366,624

F3 · kind: Represents a cross-trade between FGPM and FGPP, in which FGPM disposed of and FGPP acquired the reported shares. 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 1,540,501 shares of Common Stock, which represent approximately 25.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-17-024425 · v466078_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: 125,640

F3 · kind: Represents a cross-trade between FGPM and FGPP, in which FGPM disposed of and FGPP acquired the reported shares. 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 1,540,501 shares of Common Stock, which represent approximately 25.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-17-009281 · v459464_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 · 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: 289,598

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,540,501 shares of Common Stock, which represent approximately 25.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-17-009281 · v459464_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 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 1,038,409

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,540,501 shares of Common Stock, which represent approximately 25.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 13

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 722,784

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 12

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 721,596

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 11

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 720,596

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 10

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 716,196

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 9

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 716,096

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 8

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 712,751

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 7

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 703,451

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 6

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 701,821

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 5

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 701,021

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 4

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 699,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 3

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 698,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 2

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 697,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-139043 · v454870_form4.xml · nonDerivative · entry 1

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 694,321

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,035,501 shares of Common Stock, which represent approximately 17.4% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 6

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 693,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 5

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 593,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 4

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 589,521

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 3

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 579,039

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 2

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 578,331

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-138502 · v454637_form4.xml · nonDerivative · entry 1

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 578,321

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 1,006,238 shares of Common Stock, which represent approximately 16.9% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0000914760-16-000500 · kingsway_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: 900,000

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

SEC source: 0001144204-16-137963 · v454478_form4.xml · nonDerivative · entry 11

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 578,221

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 890,938 shares of Common Stock, which represent approximately 15.0% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-137963 · v454478_form4.xml · nonDerivative · entry 10

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 576,758

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 890,938 shares of Common Stock, which represent approximately 15.0% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-137963 · v454478_form4.xml · nonDerivative · entry 9

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 576,256

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 890,938 shares of Common Stock, which represent approximately 15.0% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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: 0001144204-16-137963 · v454478_form4.xml · nonDerivative · entry 8

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

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

Cerminara Kyle · CIK 0001619991 · 10% owner

Johnson Lewis M · CIK 0001619951 · 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 · Ballantyne Strong, Inc.

Disclosed balance after: 576,254

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 890,938 shares of Common Stock, which represent approximately 15.0% of the Company's outstanding shares of Common Stock. In addition, CWA Asset Management Group, LLC holds 11,648 shares of Common Stock for the accounts of individual investors, which represent approximately 0.2% 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"), and Ballantyne Strong, Inc. ("BTN").

F2 · 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 and FGGM. 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.