SEC Form 4 · accession 0001140361-17-000242
LGL GROUP INC · LGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Ferrantino
Officer — Chairman and CEO · Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 4, 2017 · 11:17 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 | holding | — | — | — | 42,380 | 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 | $5.02 | Dec 30, 2016 | A | 27,000 | A | — | Dec 30, 2021 | CommonStock | 27,000 | 27,000 | D |
Explanation of responses
- F1These options will vest as follows: 25% on grant date; 25% on the first anniversary of grant date; 25% on the second anniversary of grant date; and the remaining 25% on the third anniversary of grant date.