SEC Form 4/A · accession 0001140361-15-044695
LGL GROUP INC · LGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Marc Gabelli
Director · 10% Owner
Period of report
Dec 10, 2015
Accepted (ET)
Dec 16, 2015 · 8:54 am 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 | 2,531 | $0.00 | A | 23,934 | 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 | 1,266 | A | — | Dec 10, 2020 | 1266 | 1,266 | 1,266 | D |
Explanation of responses
- F1These restricted stock /options 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 by Venator Fund. Marc Gabelli is the President of Venator Global.
- F3These options vest as follows: 30% vest on the first anniversary of the grant date; 30% vest on the second anniversary of the grant date; and the remaining 40% vest on the third anniversary of the grant date.