LGL GROUP INC — Director's Dealing 2005

Dec 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LYNCH CORP (LGL)
CIK: 0000061004
Period of Report: 2005-12-19

Reporting Person: GRAY AVRUM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-19	Common Stock	X	1134	$7.2500	Acquired	4534	Direct
2005-12-19	Common Stock	X	701	$7.2500	Acquired	2801	Indirect
2005-12-19	Common Stock	X	1134	$7.2500	Acquired	4534	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-19	Subscription Rights (right to buy)	$7.2500	X	3400	Disposed	2005-12-16	Common Stock (1134)	Direct
2005-12-19	Subscription Rights (right to buy)	$7.2500	X	2100	Disposed	2005-12-16	Common Stock (701)	Indirect
2005-12-19	Subscription Rights (right to buy)	$7.2500	X	3400	Disposed	2005-12-16	Common Stock (1134)	Indirect

Footnotes

F1: Mr. Gray may be deemed to beneficially own 2,801 shares as a general partner of two investment partnerships. Mr. Gray hereby disclaims beneficial ownership of the shares owned by the partnerships except to the extent of his pecuniary interest therein.

F2: Mr. Gray may be deemed to beneficially own the 4,534 shares directly owned by his spouse. Mr. Gray hereby disclaims beneficial ownership of his spouse's shares except to the extent of his pecuniary interest therein.