James W. Tivy - 11 May 2022 Form 4 Insider Report for LGL GROUP INC (LGL)

Role: Chief Financial Officer
Signature: /s/ James W. Tivy
Issuer symbol: LGL
Transactions as of: 11 May 2022
Net transactions value: +$313,800
Form type: 4
Filing time: 11 May 2022, 17:18:03 UTC
Next filing: 12 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LGL	Common Stock	Award	$313,800	+30,000	+1000%	$10.46	33,000	11 May 2022	Direct	F1, F2
holding	LGL	Common Stock						33,000	11 May 2022	Direct

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	Warrants						3,000	11 May 2022	Common Stock	600	$12.50	Direct

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

Explanation of Responses:

Id	Content
F1	Restricted Shares, subject to vesting 10,000 each year on 4/30/2023, 2024 and 2025.
F2	Shares will be converted to MTronPTI restricted shares upon a successful spin-off with the quantity prorated once the market value has been established.