FG Nexus Inc. — Director's Dealing 2019

Aug 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 1347 Property Insurance Holdings, Inc. (PIH)
CIK: 0001591890
Period of Report: 2019-08-13

Reporting Person: Johnson Lewis M (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-13	Common Stock, $0.001 par value	A	7722	—	Acquired	21655	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	780	Indirect
Common Stock, $0.001 par value	1000	Indirect
Common Stock, $0.001 par value	1675953	Indirect
Common Stock, $0.001 par value	1038409	Indirect

Footnotes

F1: 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: 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.

F3: Held by the Fundamental Global entities. Due to his positions with Fundamental Global Investors, LLC and other Fundamental Global entities, Mr. Johnson may be deemed to be a beneficial owner of Common Stock held by Fundamental Global. Mr. Johnson disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.

F4: Held by Ballantyne Strong, Inc. ("BTN"). Due to his positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Mr. Johnson may be deemed to be a beneficial owner of Common Stock held by BTN. Mr. Johnson disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.