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 MARC (Director, 10% Owner, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-03	Common Stock	P	170	$7.25	Acquired	1504	Direct
2006-01-03	Common Stock	P	57701	$7.25	Acquired	506879	Indirect

Footnotes

F1: These shares were received in the oversubscription 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 the 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 the interests therein.