LGL GROUP INC — Director's Dealing 2006

Jan 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LYNCH CORP (LGL)
CIK: 0000061004
Period of Report: 2006-01-12

Reporting Person: GRAY AVRUM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-12	Common Stock	X	580	$7.2500	Acquired	5114	Direct
2006-01-12	Common Stock	X	357	$7.2500	Acquired	3158	Indirect
2006-01-12	Common Stock	X	579	$7.2500	Acquired	5113	Indirect

Footnotes

F1: Mr. Gray may be deemed to beneficially own 3,158 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 5,113 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.