Marc Gabelli - Dec 28, 2021 Form 4 Insider Report for LGL GROUP INC (LGL)

Role: Director, 10%+ Owner
Signature: /s/ Marc Gabelli
Stock symbol: LGL
Transactions as of: Dec 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/29/2021, 03:04 PM
Previous filing: Aug 30, 2021
Next filing: Sep 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LGL	Common Stock	Award	$0	+1.27K	+1.6%	$0.00	80.6K	Dec 28, 2021	Direct	F1, F2
holding	LGL	Common Stock						764K	Dec 28, 2021	Shares held by a Ltd. Partnership	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LGL	Common Stock Warrants (right to purchase)						63K	Dec 28, 2021	Common stock, par value$0.01 per share	12.6K	$12.50	Direct	F4, F5
holding	LGL	Common Stock Warrants (right to purchase)						764K	Dec 28, 2021	Common stock, par value$0.01 per share	153K	$12.50	Shares held by a Ltd. Partnership	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were granted by the Issuer to the Reporting Person.
F2	This filing does not include the holdings by GGCP, Inc. of 476,937 shares of LGL Group, Inc., which have been included in the Form 4 filing of Mario J. Gabelli, dated November 18, 2020.
F3	These 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, isdeemed to have beneficial ownership of the securities owned by Venator Fund. Marc Gabelli is the President of Venator Fund.
F4	When exercisable, 5 Warrants will entitle their holder to purchase one share of Common Stock at an exercise price of $12.50 per share, as may be adjusted in accordance with the terms of the Warrants.
F5	The Warrants become exercisable on the earlier of (i) November 16, 2025, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Common Stock is greater than or equal to $17.50. Any unexercised Warrants will expire at 5:00 p.m., Eastern Time, on November 16, 2025.