AI assistant
LGL GROUP INC — Director's Dealing 2017
Jan 3, 2017
34734_dirs_2017-01-03_950dea9a-bfb5-4875-97d0-4861d92c1e69.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LGL GROUP INC (LGL)
CIK: 0000061004
Period of Report: 2016-12-30
Reporting Person: GABELLI MARC (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-30 | Common Stock | A | 1992 | — | Acquired | 25926 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 350902 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $4.34 | 2020-12-10 | Common Stock (1266) | 1266 | Direct |
| Stock Option (right to buy) | $3.53 | 2019-12-11 | Common Stock (1558) | 1558 | Direct |
Footnotes
F1: Restricted stock was awarded to the Reporting Person pursuant to the Issuer's Amended and Restated 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 by Venator Fund. Marc Gabelli is the President of Venator Fund.
F3: These options 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.