SEC Form 4 · accession 0001140361-17-000040
LGL GROUP INC · LGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Manjit Kalha
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 12:09 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 | holding | — | — | — | 8,399 | D |
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)F1,F2 | $5.52 | Dec 30, 2016 | A | 9,442 | A | — | Dec 30, 2021 | CommonStock | 9,442 | 9,442 | D |
Explanation of responses
- F1Stock options were awarded to the Reporting Person pursuant to the Issuer's Amended and Restated 2011 Incentive Plan.
- F2These options will vest as follows: 30% will vest on the first anniversary of the grant date; 30% will vest on the second anniversary of the grant date; and the remaining 40% will vest on the third anniversary of the grant date.