LGL GROUP INC — Director's Dealing 2017

Sep 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2017-09-05

Reporting Person: GABELLI MARIO J (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-05	Subscription Rights	$5.5	J	732483	Acquired	2017-10-10	Common Stock (183121)	Direct
2017-09-05	Subscription Rights	$5.5	J	365700	Acquired	2017-10-10	Common Stock (91425)	Indirect
2017-09-05	Subscription Rights	$5.5	J	290268	Acquired	2017-10-10	Common Stock (72567)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	244161	Direct
Common Stock	121900	Indirect
Common Stock	96756	Indirect

Footnotes

F1: 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.

F2: 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.

F3: The Reporting Person received three subscription rights for each share of Common Stock owned on 9/5/2017 at no cost. Each right entitles the holder to purchase one fourth of a share of the Issuer's Common Stock at a subscription price of $5.50 per whole share of Common Stock.