0001104659-20-031518.txt : 20200310
0001104659-20-031518.hdr.sgml : 20200310
20200310200140
ACCESSION NUMBER: 0001104659-20-031518
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200306
FILED AS OF DATE: 20200310
DATE AS OF CHANGE: 20200310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BKF Asset Holdings, Inc.
CENTRAL INDEX KEY: 0001626686
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35810
FILM NUMBER: 20703589
BUSINESS ADDRESS:
STREET 1: 3990-B HERITAGE OAK COURT
CITY: SIMI VALLEY
STATE: CA
ZIP: 93063
BUSINESS PHONE: 805-416-7000
MAIL ADDRESS:
STREET 1: 3990-B HERITAGE OAK COURT
CITY: SIMI VALLEY
STATE: CA
ZIP: 93063
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BKF CAPITAL GROUP INC
CENTRAL INDEX KEY: 0000009235
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35810
FILM NUMBER: 20703590
BUSINESS ADDRESS:
STREET 1: 1221 BRICKELL AVE SUITE 900
CITY: MIAMI
STATE: FL
ZIP: 33131
BUSINESS PHONE: 561 362-4199
MAIL ADDRESS:
STREET 1: 1221 BRICKELL AVE SUITE 900
CITY: MIAMI
STATE: FL
ZIP: 33131
FORMER NAME:
FORMER CONFORMED NAME: BAKER FENTRESS & CO
DATE OF NAME CHANGE: 19970829
FORMER NAME:
FORMER CONFORMED NAME: BAKER FENTRESS & CO ET AL
DATE OF NAME CHANGE: 19940714
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BRONSON STEVEN N
CENTRAL INDEX KEY: 0001000383
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35810
FILM NUMBER: 20703591
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: QUALSTAR CORP
CENTRAL INDEX KEY: 0000758938
STANDARD INDUSTRIAL CLASSIFICATION: MAGNETIC & OPTICAL RECORDING MEDIA [3695]
IRS NUMBER: 953927330
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1267 FLYNN ROAD
CITY: CAMARILLO
STATE: CA
ZIP: 93012
BUSINESS PHONE: 805-583-7744
MAIL ADDRESS:
STREET 1: 1267 FLYNN ROAD
CITY: CAMARILLO
STATE: CA
ZIP: 93012
4
1
a4.xml
4
X0306
4
2020-03-06
0
0000758938
QUALSTAR CORP
QBAK
0001000383
BRONSON STEVEN N
1221 BRICKELL AVENUE, SUITE 900
MIAMI
FL
33131
1
1
1
0
COB, CEO, President
0000009235
BKF CAPITAL GROUP INC
1221 BRICKELL AVENUE, SUITE 900
MIAMI
FL
33131
0
0
1
0
0001626686
BKF Asset Holdings, Inc.
1221 BRICKELL AVENUE, SUITE 900
MIAMI
FL
33131
0
0
1
0
Common Stock
2020-03-06
4
M
0
25000
A
39617
D
Common Stock
708286
I
By BKF Asset Holdings, Inc.
Common Stock
10000
I
By Mr. Bronson's spouse.
Common Stock
708286
I
By BKF Capital Group, Inc.
Restricted Stock Units
2020-03-06
4
M
0
25000
0
D
Common Stock
25000
25000
D
This Form 4 is filed jointly by BKF Capital Group, Inc. ("BKF Capital"), BKF Asset Holdings, Inc. ("BKF Holdings") and Steven N. Bronson (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his or its pecuniary interest therein.
Each restricted stock unit represents a contingent right to one share of Qualstar Corporation common stock.
Represents shares of common stock owned directly by BKF Holdings. BKF Holdings is wholly owned by BKF Capital. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital and the CEO of BKF Holdings, may be deemed to be the beneficial owner of the shares of Qualstar Corporation held by BKF Holdings.
Represents shares of common stock owned indirectly by BKF Capital through BFK Holdings. Steven N. Bronson, as the Chairman, CEO and majority shareholder of BKF Capital, may be deemed to be the beneficial owner of the shares of Qualstar Corporation indirectly held by BKF Capital.
For each of the fiscal years ended December 31, 2019 and December 31, 2020, RSUs for 25,000 shares of the Company's Common Stock shall vest and become issuable subject to the Company's achievement of financial and performance objectives for the applicable fiscal year established by the Compensation Committee of the Company's Board of Directors. Whether recipient's RSUs for the applicable fiscal year become vested and issuable shall be determined solely in the discretion of the Compensation Committee, or if such committee does not then exist at the time of determination, the Company's Board of Directors (excluding Executive).
Subject to Sections 9.7(b) and 9.7(d) of that certain Employment Agreement entered into on April 13, 2019 by and between the Company and Steven N. Bronson, any such RSUs shall not be earned by or vest in recipient until the date such number, if any, is determined by the Compensation Committee. On March 6, 2020, the Company issued to Mr. Bronson 25,000 shares of the Company's Common Stock for the achievement of financial and performance objectives for the fiscal year ended December 31, 2019.
/s/ Steven N. Bronson
2020-03-10
/s/ Steven N. Bronson, Chief Executive Officer of BKF Capital Group, Inc.
2020-03-10
/s/ Steven N. Bronson, Chief Executive Officer of BKF Asset Holdings, Inc.
2020-03-10