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 MARC (Director, 10% Owner, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-16	Common Stock	P	334	$7.25	Acquired	1334	Direct
2005-12-16	Common Stock	P	112294	$7.25	Acquired	449178	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-16	Common Stock Purchase Rights	$7.25	X	1002	Disposed	2005-12-16	Common Stock (334)	Direct
2005-12-16	Common Stock Purchase Rights	$7.25	X	336886	Disposed	2005-12-16	Common Stock (112294)	Indirect

Footnotes

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

F2: These shares are owned by Venator Merchant Fund, L.P. Venator Global, LLC is the general partner of this partnership. Marc Gabelli may be deemed to control Venator Global, LLC. Marc Gabelli hereby disclaims beneficial ownership of the shares owned by the partnership except to the extent of his interest therein.

F3: These common stock purchase rights were acquired as a result of a pro rata distribution of such rights by the Issuer.