FG Nexus Inc. — Director's Dealing 2016

Dec 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 1347 Property Insurance Holdings, Inc. (PIH)
CIK: 0001591890
Period of Report: 2016-12-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-01	Common Stock, $0.001 par value	P	1500	$7.18	Acquired	561054	Indirect
2016-12-01	Common Stock, $0.001 par value	P	1000	$7.19	Acquired	562054	Indirect
2016-12-01	Common Stock, $0.001 par value	P	4000	$7.20	Acquired	566054	Indirect
2016-12-01	Common Stock, $0.001 par value	P	2000	$7.25	Acquired	568054	Indirect
2016-12-01	Common Stock, $0.001 par value	P	1800	$7.28	Acquired	569854	Indirect
2016-12-01	Common Stock, $0.001 par value	P	3400	$7.30	Acquired	573254	Indirect
2016-12-02	Common Stock, $0.001 par value	P	1800	$7.43	Acquired	575054	Indirect
2016-12-02	Common Stock, $0.001 par value	P	1200	$7.45	Acquired	576254	Indirect
2016-12-05	Common Stock, $0.001 par value	P	2	$7.37	Acquired	576256	Indirect
2016-12-05	Common Stock, $0.001 par value	P	502	$7.38	Acquired	576758	Indirect
2016-12-05	Common Stock, $0.001 par value	P	1463	$7.43	Acquired	578221	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	100223	Indirect
Common Stock, $0.001 par value	202666	Indirect
Common Stock, $0.001 par value	5296	Indirect
Common Stock, $0.001 par value	4532	Indirect

Footnotes

F1: 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: 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.