GABELLI MARC 4
4 · LGL GROUP INC · Filed Dec 29, 2021
Insider Transaction Report
Form 4
GABELLI MARC
Director10% Owner
Transactions
- Award
Common Stock
2021-12-28+1,267→ 80,580 total
Holdings
- 62,968
Common Stock Warrants (right to purchase)
Exercise: $12.50Exp: 2025-11-16→ Common stock, par value$0.01 per share (12,593 underlying) - 764,303(indirect: By Partnership)
Common Stock Warrants (right to purchase)
Exercise: $12.50Exp: 2025-11-16→ Common stock, par value$0.01 per share (152,860 underlying) - 764,303(indirect: By Partnership)
Common Stock
Footnotes (5)
- [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.