LGL GROUP INC — Director's Dealing 2011

Oct 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2011-09-29

Reporting Person: GABELLI MARIO J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-29	Common Stock	P	3900	$8.8938	Acquired	22400	Indirect
2011-09-30	Common Stock	P	400	$8.61	Acquired	22800	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	96756	Indirect
Common Stock	238261	Direct

Footnotes

F1: This transaction was executed in multiple trades. The price reported above reflects the weighted average price.

F2: These shares are owned by GGCP, Inc. ("GGCP"). Mr. Gabelli is deemed the beneficial owner of the shares owned by GGCP since he is the Chief Executive Officer, a director and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.

F3: These shares are owned by MJG-IV Limited Partnership ("MJG-IV"). Mr. Gabelli is deemed the beneficial owner of the shares owned by MJG-IV since he is the general partner. Mr. Gabelli has less than a 100% interest in MJG-IV and disclaims beneficial ownership of the shares held by MJG-IV in excess of his pecuniary interest.

F4: Includes 8,767 shares held in a 401(k) account.