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