SEC Form 4 · accession 0001140361-15-044370
LGL GROUP INC · LGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Marc Gabelli
Director · 10% Owner
Period of report
Dec 10, 2015
Accepted (ET)
Dec 14, 2015 · 2:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000061004
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 10, 2015 | A | 2,666 | $0.00 | A | 24,069 | D | |
| Common StockF2 | holding | — | — | — | 350,902 | I | Shares held by Ltd Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $4.34 | Dec 10, 2015 | A | 1,334 | A | — | Dec 10, 2020 | CommonStock | 1,334 | 1,334 | D |
Explanation of responses
- F1These represent restricted stock / options that were awarded to the Reporting Person pursuant to the Issuer's 2011 Incentive Plan.
- F2These 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.
- F3These 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.