LGL GROUP INC — Director's Dealing 2008

Jan 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: GRAY AVRUM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-31	Common Stock	A	1471	—	Acquired	6585	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3158	Indirect
Common Stock	5113	Indirect

Footnotes

F1: Consists of 1,471 shares of restricted stock that vest 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: 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.

F3: 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.