BK Technologies Corp — Director's Dealing 2020

Aug 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BK Technologies Corp (BKTI)
CIK: 0000002186
Period of Report: 2020-08-24

Reporting Person: Fundamental Global Investors, LLC (Director, 10% Owner)
Reporting Person: Cerminara Kyle (Director, 10% Owner)
Reporting Person: Johnson Lewis M (Director, 10% Owner)
Reporting Person: MOGLIA JOSEPH H (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-24	Common Stock, par value $0.60 per share	P	1235	$3.0794	Acquired	1396515	Indirect
2020-08-25	Common Stock, par value $0.60 per share	P	900	$3.0144	Acquired	1397415	Indirect
2020-08-26	Common Stock, par value $0.60 per share	P	2003	$2.9972	Acquired	1399418	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.60 per share	8710	Indirect
Common Stock, par value $0.60 per share	763597	Indirect
Common Stock, par value $0.60 per share	1083875	Indirect
Common Stock, par value $0.60 per share	106383	Indirect

Footnotes

F1: The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 3,361,983 shares of Common Stock, which represents approximately 26.9% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Global Holdings, LP ("FGHP"), Fundamental Activist Fund I, LP ("FAFI") and Fundamental Global Capital Appreciation Fund, LP ("FGCA"). In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 825,957 shares of Common Stock (excluding Mr. Moglia's shares held in CWA accounts) for the accounts of individual investors, which represents approximately 6.6% of the Company's outstanding shares of Common Stock.

F2: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. D. Kyle Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGGM, FGHP, FAFI and FGCA. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein. In addition, Mr. Moglia holds 845,813 shares of Common Stock directly and through trusts and the Moglia Family Foundation. Each of Messrs. Cerminara and Johnson directly holds 11,971 shares of Common Stock and 27,596 restricted stock units, in each case received as director compensation. In addition, each of Messrs. Cerminara and Johnson holds stock options to purchase 5,000 shares of Common Stock.

F3: Shares purchased pursuant to a Rule 10b5-1 trading plan entered into by Fundamental Global Investors, LLC on behalf of the funds managed by it.

F4: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.05 and $3.14 per share. 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.

F5: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.00 and $3.03 per share. 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.

F6: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.98 and $3.04 per share. 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.