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LGL GROUP INC Director's Dealing 2008

Jan 14, 2008

34734_dirs_2008-01-14_0ebcaba9-5ffb-4fd4-ac6f-dd0353fb0f19.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2007-12-31

Reporting Person: GABELLI MARC (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-12-31 Common Stock A 1471 Acquired 2975 Direct
2008-01-10 Common Stock P 1000 $6.47 Acquired 3975 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 506879 Indirect

Footnotes

F1: Consists of 1,471 shares of restricted stock that vests as follows: 368 shares on March 31, 2008, 368 shares on June 30, 2008, 368 shares on September 30, 2008 and 367 shares on December 31, 2008.

F2: These shares are beneficially owned by Venator Merchant Fund, L.P. and Venator Global, LLC. Venator Global, LLC., the sole general partner of Venator Merchant Fund, L.P., is deemed to have beneficial ownership of the securities owned beneficially by Venator Merchant Fund, L.P. Marc Gabelli may be deemed to control Venator Global, LLC. Marc Gabelli hereby disclaims beneficial ownership of the shares owned by Venator Merchant Fund, L.P. except to the extent of his pecuniary interest therein.