LGL GROUP INC — Director's Dealing 2006

Jan 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LYNCH CORP (LGL)
CIK: 0000061004
Period of Report: 2006-01-03

Reporting Person: GABELLI MARIO J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-03	Common Stock	P	2454	$7.25	Acquired	244255	Direct
2006-01-03	Common Stock	P	3422	$7.25	Acquired	96756	Indirect
2006-01-03	Common Stock	P	2776	$7.25	Acquired	24510	Indirect

Footnotes

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

F2: These shares are owned by a limited partnership in which Mario J. Gabelli is the general partner and has less than 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.

F3: 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.