0000807249-20-000244.txt : 20201118
0000807249-20-000244.hdr.sgml : 20201118
20201118160941
ACCESSION NUMBER: 0000807249-20-000244
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 MARIO J
CENTRAL INDEX KEY: 0001185533
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-00106
FILM NUMBER: 201325019
MAIL ADDRESS:
STREET 1: C/O GAMCO INVESTORS, INC
STREET 2: ONE CORPORATE CENTER
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
0001185533
GABELLI MARIO J
C/O GAMCO INVESTORS, INC
ONE CORPORATE CENTER
RYE
NY
10580
true
Common Stock
500675
D
Common Stock
476937
I
By: GGCP, Inc.
Common Stock Warrants (right to purchase)
12.5
2020-11-16
4
J
0
500675
0
A
2025-11-16
Common Stock, par value$0.01 pe rshare
100135
500675
D
Common Stock Warrants (right to purchase)
12.5
2020-11-16
4
J
0
476937
0
A
2025-11-16
Common Stock, par value$0.01 per share
95387
476937
I
By: GGCP, Inc.
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 controllingshareholder 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.
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/ Douglas R. Jamieson, Attorney-In-Fact for Mario J. Gabelli
2020-11-18