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LGL GROUP INC — Director's Dealing 2015
Dec 14, 2015
34734_dirs_2015-12-14_9d4472a9-3a0c-43d4-a185-2e3174e2ec0a.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: 2015-12-10
Reporting Person: GABELLI MARC (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-10 | Common Stock | A | 2666 | — | Acquired | 24069 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-10 | Stock Option (right to buy) | $4.34 | A | 1334 | Acquired | 2020-12-10 | CommonStock (1334) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 350902 | Indirect |
Footnotes
F1: These represent restricted stock / options that were awarded to the Reporting Person pursuant to the Issuer's 2011 Incentive Plan.
F2: These shares 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.
F3: 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.