SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BRONSON STEVEN N

(Last) (First) (Middle)
31248 OAK CREST DRIVE

(Street)
WEST LAKE VILLAGE CA 91361

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUALSTAR CORP [ QBAK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
CEO and President
3. Date of Earliest Transaction (Month/Day/Year)
12/22/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/22/2015 P 47,010(1) A $0.6291 3,200,585(2) D
Common Stock 12/23/2015 P 5,860(1) A $0.6642 3,206,445(3) D
Common Stock 12/24/2015 P 134,396(1) A $0.6738 3,340,841(4) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
BRONSON STEVEN N

(Last) (First) (Middle)
31248 OAK CREST DRIVE

(Street)
WEST LAKE VILLAGE CA 91361

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BKF CAPITAL GROUP INC

(Last) (First) (Middle)
3990-B HERITAGE OAK CT.

(Street)
SIMI VALLEY CA 93063

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BKF Asset Holdings, Inc.

(Last) (First) (Middle)
3990-B HERITAGE OAK CT.

(Street)
SIMI VALLEY CA 93063

(City) (State) (Zip)
Explanation of Responses:
1. These shares of Qualstar Corporation (Qualstar) were purchased by BKF Asset Holdings, Inc. (BKF Holdings) in open market transactions. BKF Holdings is a wholly owned subsidiary of BKF Capital Group, Inc. (BKF Capital).
2. BKF Capital may be deemed the beneficial owner of 3,142,885 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,642,885 shares owned through BKF 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 held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
3. BKF Capital may be deemed the beneficial owner of 3,148,745 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,648,745 shares owned through BKF 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 held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
4. BKF Capital may be deemed the beneficial owner of 3,283,141 shares of Qualstar, consisting of 1,500,000 shares owned directly by BKF Capital, and an additional 1,783,141 shares owned through BKF 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 held by BKF Capital. Mr. Bronson is the owner of an additional 57,700 shares of Qualstar.
/s/ Steven N. Bronson 12/24/2015
/s/ Steven N. Bronson, CEO, BKF Capital Group, Inc. 12/24/2015
/s/ Steven N. Bronson, CEO, BKF Asset Holdings, Inc. 12/24/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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