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