SEC Form 4 · accession 0000899243-15-007766
Great Elm Capital Group, Inc. · GEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Wheat
Officer — Chief Financial Officer
Period of report
Nov 2, 2015
Accepted (ET)
Nov 6, 2015 · 8:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082506
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F1 | $0.88 | Nov 2, 2015 | A | 500,000 | A | — | Nov 2, 2025 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The options vest with respect to one third of the underlying shares of Common Stock on November 2, 2016, and thereafter, in equal quarterly installments over the following two years, contingent upon the Reporting Person's continuous service with the Issuer. This option is subject to accelerated vesting in the event of termination of the Reporting Person's employment under certain circumstances following a change in control.
- F2Not applicable.