LGL GROUP INC — Director's Dealing 2005

Dec 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LYNCH CORP (LGL)
CIK: 0000061004
Period of Report: 2005-12-16

Reporting Person: GABELLI MARIO J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-16	Common Stock	P	58260	$7.25	Acquired	241801	Direct
2005-12-16	Common Stock	P	23334	$7.25	Acquired	93334	Indirect
2005-12-16	Common Stock	P	5434	$7.25	Acquired	21734	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-16	Common Stock Purchase Rights	$7.25	X	174776	Disposed	2005-12-16	Common Stock (58260)	Direct
2005-12-16	Common Stock Purchase Rights	$7.25	X	70000	Disposed	2005-12-16	Common Stock (23334)	Indirect
2005-12-16	Common Stock Purchase Rights	$7.25	X	16300	Disposed	2005-12-16	Common Stock (5434)	Indirect

Footnotes

F1: These shares were acquired in connection with the Issuer's rights offering.

F2: These common stock purchase rights were acquired as a result of a pro rata distribution of such rights by the Issuer.

F3: These shares are owned by a limited partnership in which Mario J. Gabelli is the general partner and has less then a 5% interest. Mario J. Gabelli hereby disclaims beneficial ownership of the shares owned by such limited partnership except to the extent of his interest in such limited partnership.

F4: These shares are owned by Lynch Interactive Corporation ("Interactive"). Mario J. Gabelli is the beneficial owner of approximately 24% of the outstanding common stock of Interactive and is also its Chairman and CEO. Under Rule 16a-1 promulgated under the Securities Exchange Act of 1934, as amended, Mr. Gabelli may be deemed to have a pecuniary interest in the portfolio securities held by Interactive. Mr. Gabelli hereby disclaims beneficial ownership of such shares.