LGL GROUP INC — Director's Dealing 2006

May 1, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: LYNCH CORP (LGL)
CIK: 0000061004
Period of Report: 2005-12-31

Reporting Person: GABELLI MARC (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-26	Option (Right to Buy)	$13.1730	A	20000	Acquired	2010-05-25	Common Stock (20000)	Direct