-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HjqQtnzL+fAcZZWxWgNuvGrznhJr5dEfMKKNELkkDGZpXYahenrBMySqxGwjuM9w os3OfyGbbmA+vyguanA/hw== 0001067621-07-000011.txt : 20070515 0001067621-07-000011.hdr.sgml : 20070515 20070514174017 ACCESSION NUMBER: 0001067621-07-000011 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070515 DATE AS OF CHANGE: 20070514 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: 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: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-09994 FILM NUMBER: 07847982 BUSINESS ADDRESS: STREET 1: 140 GREENWICH AVENUE, 4TH FL. CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036221150 MAIL ADDRESS: STREET 1: 140 GREENWICH AVENUE, 4TH FL. CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: LYNCH CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDSTEIN PHILLIP CENTRAL INDEX KEY: 0001067621 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D 1 lglthird.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 5/4/07 1. NAME OF REPORTING PERSON Bulldog Investors, Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA 7. SOLE VOTING POWER 143,199 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 143,199 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 143,199 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 6.65% 14. TYPE OF REPORTING PERSON IA Item 1. SECURITY AND ISSUER This Schedule 13D relates to the shares of Common Stock of LGL Group Inc.("LGL"). The principal executive offices of LGL are located at 140 Greenwich Avenue, 4th Floor, Greenwich, CT 06830. Item 2. IDENTITY AND BACKGROUND This statement is filed on behalf of Bulldog Investors, Phillip Goldstein, 60 Heritage Drive, Pleasantville, NY 10570 and Andrew Dakos, Park 80 West, Plaza Two, Saddle Brook, NJ 07663. Mr.Goldstein and Mr. Dakos are self-employed investment advisors and principals of Bulldog Investors. During the past 5 years none of the above has been convicted in a criminal proceeding, nor been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Each of the above are United States citizens. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS Shares of the issuer have been accumulated with funds from accounts managed by the filing persons. ITEM 4. PURPOSE OF TRANSACTION The filing persons have acquired shares of LGL for investment purposes. The filing persons may communicate with management to discuss ways to maximize shareholder value. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER a) ?b) As per the Form 10KA filed on 4/30/2007 there were 2,154,708 shares of LGL outstanding as of 4/20/07. The percentage set forth in item 5 was derived using such number. Bulldog Investors, Phillip Goldstein, Andrew Dakos and accounts managed by the filing persons beneficially own an aggregate of 143,199 shares of LGL or 6.65% of the outstanding shares. Power to dispose and vote securities lie solely with Phillip Goldstein and Andrew Dakos. c) During the past 60 days the following shares of LGL were purchased (there were no sales): DATE # OF SHARES PRICE ($) 3/21/2007 11,321 9.388 3/22/2007 4,000 9 3/22/2007 1,500 9 3/22/2007 1,400 9 3/22/2007 5,000 9 3/23/2007 2,000 8.7 3/23/2007 2,000 8.7 3/23/2007 5,144 8.7 3/27/2007 2,500 9 3/27/2007 800 9 3/27/2007 600 9 3/27/2007 600 9 3/27/2007 3,200 9 3/28/2007 800 9 4/9/2007 300 9.999 4/10/2007 2,100 10.5 4/11/2007 10,104 11.075 4/13/2007 7,297 11.9588 4/13/2007 25,297 12.0439 4/17/2007 6,605 12.8858 4/18/2007 1,000 12.75 4/26/2007 6,365 12.8989 5/1/2007 1,000 13 5/4/2007 12,100 12.9859 5/7/2007 6,900 12.9734 5/8/2007 2,800 12.9796 5/8/2007 880 12.9796 5/8/2007 720 12.9796 5/8/2007 3,700 12.9796 5/14/07 15,166 12.9999 d) Beneficial Owners of the accounts managed by the filing persons are entitled to receive any dividends or sales proceeds. e) NA ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 1. Joint Filing Agreement Dated: 5/14/07 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /s/ Andrew Dakos Name:: Andrew Dakos Exhibit 1. Joint Filing Agreement In accordance with Rule 13d-1 (k) (1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of the Schedule 13D (and all further amendments filed by them) with respect to the shares of LGL. Dated: 5/14/07 By: /s/ Phillip Goldstein Name: Phillip Goldstein By: /s/ Andrew Dakos Name: Andrew Dakos -----END PRIVACY-ENHANCED MESSAGE-----