0000807249-13-000259.txt : 20130918
0000807249-13-000259.hdr.sgml : 20130918
20130918150616
ACCESSION NUMBER: 0000807249-13-000259
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130916
FILED AS OF DATE: 20130918
DATE AS OF CHANGE: 20130918
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LGL GROUP INC
CENTRAL INDEX KEY: 0000061004
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679]
IRS NUMBER: 381799862
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2525 SHADER ROAD
CITY: ORLANDO
STATE: FL
ZIP: 32804
BUSINESS PHONE: (407) 298-2000
MAIL ADDRESS:
STREET 1: 2525 SHADER ROAD
CITY: ORLANDO
STATE: FL
ZIP: 32804
FORMER COMPANY:
FORMER CONFORMED NAME: LYNCH CORP
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GABELLI MARIO J
CENTRAL INDEX KEY: 0001185533
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00106
FILM NUMBER: 131103483
MAIL ADDRESS:
STREET 1: C/O GAMCO INVESTORS, INC
STREET 2: ONE CORPORATE CENTER
CITY: RYE
STATE: NY
ZIP: 10580
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2013-09-16
0
0000061004
LGL GROUP INC
LGL
0001185533
GABELLI MARIO J
C/O GAMCO INVESTORS, INC
ONE CORPORATE CENTER
RYE
NY
10580
0
0
1
0
Common Stock Warrants (right to purchase)
7.5
2013-09-16
4
P
0
18000
0.1192
A
2018-08-06
Common Stock, par value $0.01 per share
27860
696500
I
By: GGCP, Inc.
Common Stock Warrants (right to purchase)
7.5
2018-08-06
Common Stock, par value $0.01 per share
9351
233780
I
By: MJG-IV Limited Partnership
Common Stock Warrants (right to purchase)
7.5
2018-08-06
Common Stock, par value $0.01 per share
48852
1221305
D
The Warrants become exercisable on the earlier of (i) August 6, 2018, 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 $15.00. Any unexercised Warrants will expire at 5:00 p.m., Eastern Time, on August 6, 2018.
This number takes into account the 589,500 warrants that were received on August 6, 2013 when holders of the Issuer's Common Stock received a dividend of five Common Stock Warrants for each share of Common Stock held by such holder as of July 29, 2013. When exercisable, 25 Warrants will entitle the holder to purchase one share of Common Stock at an exercise price of $7.50 per share, as may be adjusted in accordance with the terms of the Warrants.
These shares are owned by GGCP, Inc. ("GGCP"). Mr. Gabelli is deemed the beneficial owner of the shares owned by GGCP since he is the Chief Executive Officer, a director and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by GGCP in excess of his pecuniary interest.
These warrants were received on August 6, 2013 when holders of the Issuer's Common Stock received a dividend of five Common Stock Warrants for each share of Common Stock held by such holder as of July 29, 2013. When exercisable, 25 Warrants will entitle the holder to purchase one share of Common Stock at an exercise price of $7.50 per share, as may be adjusted in accordance with the terms of the Warrants.
These shares are owned by MJG-IV Limited Partnership ("MJG-IV"). Mr. Gabelli is deemed the beneficial owner of the shares owned by MJG-IV since he is the general partner. Mr. Gabelli has less than a 100% interest in MJG-IV and disclaims beneficial ownership of the shares held by MJG-IV in excess of his pecuniary interest.
/s/ Douglas R. Jamieson, Attorney-In-Fact for Mario J. Gabelli
2013-09-18