SEC Form 4 · accession 0000807249-17-000163

LGL GROUP INC · LGL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Sep 5, 2017

Accepted (ET)

Sep 25, 2017 · 2:58 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000061004

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—	—	244,161	D
Common Stock^F1	holding	—	—	—	121,900	I	By: GGCP, Inc.
Common Stock^F2	holding	—	—	—	96,756	I	By: MJG-IV Limited Partnership

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Subscription Rights	$5.50	Sep 5, 2017	J	732,483	A	Sep 5, 2017	Oct 10, 2017	Common Stock	183,121	732,483	D
Subscription Rights^F1	$5.50	Sep 5, 2017	J	365,700	A	Sep 5, 2017	Oct 10, 2017	Common Stock	91,425	365,700	I
Subscription Rights^F2	$5.50	Sep 5, 2017	J	290,268	A	Sep 5, 2017	Oct 10, 2017	Common Stock	72,567	290,268	I

F1These 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.
F2These 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.
F3The 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.