SEC Form 4 · accession 0001140361-17-000079
LGL GROUP INC · LGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Gabelli
Director · 10% Owner
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 2:11 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 StockF1 | Dec 30, 2016 | A | 1,992 | $0.00 | A | 25,926 | 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 | holding | — | — | — | — | Dec 10, 2020 | Common Stock | 1,266 | 1,266 | D |
| Stock Option (right to buy)F3 | $3.53 | holding | — | — | — | — | Dec 11, 2019 | Common Stock | 1,558 | 1,558 | D |
Explanation of responses
- F1Restricted stock was awarded to the Reporting Person pursuant to the Issuer's Amended and Restated 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 Fund.
- F3These 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.