0000807249-20-000243.txt : 20201118
0000807249-20-000243.hdr.sgml : 20201118
20201118160718
ACCESSION NUMBER: 0000807249-20-000243
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201116
FILED AS OF DATE: 20201118
DATE AS OF CHANGE: 20201118
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GABELLI MARC
CENTRAL INDEX KEY: 0001233348
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00106
FILM NUMBER: 201324996
MAIL ADDRESS:
STREET 1: 401 THEODORE FREMD AVE
CITY: RYE
STATE: NY
ZIP: 10580
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
4
1
form4.xml
X0306
4
2020-11-16
0000061004
LGL GROUP INC
LGL
0001233348
GABELLI MARC
ONE CORPORATE CENTER
RYE
NY
10580
true
true
Common Stock
62968
D
Common Stock
764303
I
Shares held by a Ltd. Partnership
Common Stock Warrants (right to purchase)
12.5
2020-11-16
4
J
0
62968
0
A
2025-11-16
Common stock,par value$0.01 per share
12593
62968
D
Common Stock Warrants (right to purchase)
12.5
2020-11-16
4
J
0
764303
0
A
2025-11-16
Common stock,par value$0.01 per share
152860
764303
I
Shares held by a Ltd. Partnership
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.
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.
On November 16, 2020, holders of the Issuer's Common Stock, par value $0.01 per share (the "Common Stock"), received a dividend of one Common Stock Warrant (the "Warrants") for each share of Common Stock held by such holder as of November 9, 2020. 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.
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.
/s/ Marc Gabelli
2020-11-18