LGL GROUP INC — Director's Dealing 2014

Dec 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2014-12-11

Reporting Person: GABELLI MARC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-11	Common Stock	A	3115	—	Acquired	21403	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-11	Stock option (right to buy)	$3.53	A	1558	Acquired	2019-12-11	Common Stock (1558)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	350902	Indirect

Footnotes

F1: These share are beneficially owned by Venator Merchant Fund, L.P. ("Venator Fund") and Venator Global, LLC ("Venator Global"). Venator Global, which is the sole general partner of Venator Fund, is deemed to have beneficial ownership of the securities owned beneficially by Venator fund. Marc Gabelli is the President of Venator Global.

F2: These options will vest as follows: 30% on the first anniversary of the grant date; 30% on the second anniversary of the grant date; and the remaining 40% on the third anniversary of the grant date.