SEC Form 4 · accession 0001140361-15-021601
Great Elm Capital Group, Inc. · GEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Macdonald Dodge
Director
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082506
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 20, 2015 | D | 54,878 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 20, 2015, Andrew Dodge resigned his position as a director on the board of directors (the "Board") of Unwired Planet, Inc. (the "Issuer"). As a result of Mr. Dodge's resignation, 54,878 shares of restricted stock that were awarded as an annual director retainer that would have vested in full on November 3, 2015, contingent upon Mr. Dodge's continued service as a member of the Board, were forfeited to the Issuer. Mr. Dodge, a member of Indaba Partners, LLC ("Indaba Partners"), the general partner of Indaba Capital Fund, L.P. ("Indaba Capital"), and a limited partner of Indaba Capital Management, L.P. ("Indaba Capital Management"), the investment manager of Indaba Capital, was designated to serve on the Board by Indaba Capital.
- F2Due to the policies of Indaba Capital Management, Mr. Dodge was deemed to hold the shares of restricted stock awarded for the benefit of Indaba Capital and would have either transferred the shares of restricted stock to Indaba Capital upon vesting without consideration or transferred the proceeds of any sale of the restricted stock, less any amounts needed to cover tax obligations, to Indaba Capital. Indaba Capital and certain of its affiliates may have been deemed to have been the indirect beneficial owners of the shares of restricted stock reported herein. The Reporting Person disclaims beneficial ownership of the shares of restricted stock except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person was the beneficial owner of such securities for purposes of Section 16 or any other purpose.