LGL GROUP INC — Director's Dealing 2007

Mar 27, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2007-03-20

Reporting Person: Pegg Stephen Elra (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Direct

Footnotes

F1: Consists of 10,000 shares of restricted stock awarded to Mr. Pegg pursuant to the Company's 2001 Equity Incentive Plan, which shares shall vest as follows: 5,000 shares on March 20, 2008 and 1,250 shares on each of June 20, 2008, September 20, 2008, December 20, 2008 and March 20, 2009.